Posted by Bill Dawes on 12/07/2023 12:19:53:
Read that Renault and Geely Auomotive have signed a deal to develop new IC engine technology. ICE dead? I have long suspected that the electric motor bubble will soon burst as yet more new technology finds ways of doing things.
Bill D.
The new technology is hybrid, not pure IC!
I'm slightly concerned from the bursting bubble comment that some still haven't realised what's going on. The idea that a bunch of Greens have somehow managed to hijack world decision making, and they're wrong, may be popular, but it's not true! Greens have no power.
Governments and the smart money are pushing Green ideas because, whatever deniers may hope, burning fossil fuels is causing significant climate change. And, at the same time, fossil fuel reserves are running low and there are with no new big fields left to exploit. Inevitably, oil is going to get much more expensive, and it will do so over the next couple of decades.
We happen to have lived at a time when fossil energy was literally dirt cheap, but it's not "situation normal". At some point in the near future, my guess 25 years, ordinary folk won't be able to afford petrol. Though they've done a good job so far, it's obvious IC engines have a very limited future.
Not all bad news, green energy can provide affordable transport provided we get on with making the necessary changes, and it helps stop the planet overheating too. Potentially a win-win.
I judge it's already too late though. Our sluggish response to an avoidable problem means our grand-children are already committed to sky high energy prices, significant disruption of food supplies and massive population movements.
Dave