By: Markus Pfefferer, Managing Director – Asia Pacific
The internal combustion engine (ICE) remains a long way away from death’s door, writes Markus Pfefferer
Sales of diesel-powered cars and SUVs in Europe sagged by nearly 8% in 2017 to a market share of 43.7%, the lowest in eight years – and the slide gained pace in December as the threat of punitive taxation, city driving bans and damaged second-hand values undermined buyer confidence.
With a growing number of national and regional governments preparing bans on the use of diesel and gasoline cars, it certainly seems like curtains for the internal combustion engine (ICE), and on the surface, the future appears extremely bright for electric vehicles (EVs).
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