Consumers are still buying diesel engines, even though more fuel-efficient choices exist, writes an Automotive News reader in a letter to the editor.…
November 29, 2020 |
Oil prices are down and bans on automobiles powered by internal combustion engines (ICE) are up – way up. But don’t be fooled; there is plenty of life left in the ICE.
To be sure, there’s lots of momentum propelling the electric-vehicle market, including the recent inclusion of Tesla in the S&P 500. But oil-fired cars are here to stay, and there are five big reasons why. Before I get to them, though, a quick review of the bans.
These moves have helped fuel the belief that, as one analyst put it, “the combustion engine is dead.” That claim is dubious for several reasons.