What is happening in the Netherlands is illustrative of what is going to happen in the surrounding countries. The key to understanding this is a European phenomenon (tax loophole) — company cars for private use.
“Death of the Combustion Engine” and the “End of Oil” headlines are increasing in frequency on the promise of better, cheaper EVs with greater selection. Yet the actual data trends for ICE car sales and oil consumption are like pistons firing in the other direction, revving harder and racing away from any speculative eulogies.
How long will it take for electric vehicles to replace fossil-burners? Observing the current auto market, one might conclude that it will take quite a long time. Of over a billion vehicles on our planet’s roads today, only two million are electric, and half of those are in China. Many consumers are not even aware that an EV is a viable option.
