No, combustion engines won't be supplanted by electric vehicles—and they're critical for sustainable transport [Fortune]
RENAULT SA UNSP/ADR (RNLSY)
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Source: Fortune
However, we also need to remember that there is no one-solution approach to sustainable mobility. Every part of the world, while heading in the same direction, needs the ability to use the solutions that are the best fit for their markets. For several years, policymakers have experimented with legislative force to influence a complete transition away from internal combustion engines (ICEs). These include the EU's now-downscaled ban on new ICEs from 2035 onwards, and the Glasgow Declaration commitment at COP26 to end ICE sales globally by 2040. Legislation can influence the direction of change, but it's ultimately consumer demand that drives its pace. And the market indicates an enduring demand for ICEs. Hybrids on the rise Take the European new-car market, which has seen one of the strongest legislative pushes for an ICE phaseout: Despite this, ICE-powered hybrid registrations rose by 12.6% in March , while battery-electric registrations dropped by 11.3% in the same period. In
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