Re: Continental CEO: Petrol & Diesel engines could exist till 2040 Finally the much needed public statement from Dr. Degenhart. Even though was known to all automotive supplier and OEMs, sheer pressure from lawmakers had generated quite a turbulence in the market.
Sitting in the companies Diesel competency center and powertrain headquarter in Germany, I could comment that bio fuels and synthetic fuel have got a lot of importance in the last years and good push in terms of development from EU. Small diesel engines coupled with 48V hybrid belt generator or plug ins are to be seen on our roads for next 2 or 3 decades easily.
As the CEO mentions, the ev market is not driven by buyers or sellers but by the stipulations from lawmakers
While the statement from CEO is extremely logical for global trend, with country like India we could easily add another decade to this trend. |