Audi Snubs EVs, Says Will Continue To “Massively” Invest In Combustion Engines
In what seems to be an obvious snub toward electric vehicles, Audi’s new CEO, Markus Duesmann, said the company will continue to “massively” invest in combustion engines.
In what seems to be an obvious snub toward electric vehicles, Audi’s new CEO, Markus Duesmann, said the company will continue to “massively” invest in combustion engines.
Big Oil isn’t ready to cede the automotive market to companies like Tesla. After all, vehicle electrification poses a potential threat to their business. Just how serious is that threat? Wood Mackenzie, one of the world’s most influential oil consultancies, forecasts (via Financial Times) that oil demand will peak within 20 years due to a “tectonic” shift in the transport sector as electric vehicles gain traction.
After years of being derided as a joke by car manufacturers and the public, interest in electric vehicles has increased sharply, especially as governments around the world move to ban petrol and diesel cars.
Researchers in the U.S military, General Electric, and other companies are developing a new type of engine (actually, a new family of engines) which can be built to burn hydrogen or fossil fuels. The engines are called “detonation engines.” Combustion engines in general can already be built to burn … [continued]