Sunny
Premium
ICE is on it's way out. 2021 is too soon, but by 2030 they will be gone. Bye bye, game over.
I frankly don't know by when ICE will be "gone", but I think it really depends on your definition of "gone". I can think of several -
- Will start seeing diminishing market share in the main markets
- Will dip below some threshold % of new car sales globally
- And on the other extreme: No more ICE cars sold ever (which will take a long while if ever)
Technology adoptions usually happen in a S-curve - slow at first, then has the hockey stick moment where it shoots up and then tapers out while some small markets hold out for a long time. Here is a good example - adoption of smartphones in EU5 -
Here is the same for multiple technologies over time showing the same general S shape -
So anyone can pick their own definition of "gone" and be right. For some, going from being the dominant means of transportation to being still used in mining is apparently good enough! For some, still being used in <insert tiny market> means it is still not "gone". I doubt the global financial markets will take the same lenient view. For them, once an opposing tech is past the inflection point (the hockey stick point above), it is game over cause it doesn't make sense to invest in the old tech any more. So the crucial question I think is not when do you stop making new ICE? But when do you stop making new factories that make ICE? And I think that point is nearer than many think.