Automakers switching to electric production
August 12, 2021 - Carmakers are switching production from internal combustion engines to battery-powered electric vehicles, in the biggest shake-up to the industry since the car's invention in 1885.
Global car manufacturers are promising to scrap internal combustion engine vehicles in the next decade or two, or at the very least, dramatically cut back their production as the sector turns towards emission-free electric alternatives.
One should bear in mind that cost is a mitigating factor. The price of electric cars is not forecast to fall to a level comparable to that of petrol engines until 2025-2030.