Quote:
Originally Posted by Azure
If you think this downturn is like any of the other ones your head is firmly stuck in the sand.
Like mentioned above and by many others including a lot of smart people in the energy industry, we are literally one big innovation in the field of battery technology away from the internal combustion engine being a thing of the past. And considering how much money is being put into research by billion dollar companies to come up with that exact solution, how long do you think it will take? 5 years?
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Maybe, but we are only talking about newly produced cars. How long will it take to really phase out existing gasoline fueled vehicles from the world? Maybe another 10-20 years once vehicles with gas engines stop being produced? The impact of transport trucks, aircraft, boats I am not sure about in the future.
I am pretty keen on seeing what Volvo comes up with with their cars, and if they're transitioning their transport truck business to electric or stop producing them altogether.