Report Says ICE Vehicle Sales Have Gone into Permanent Decline

Jun 9, 2022

It would seem that the age of the internal combustion engine is beginning to draw to a close. After being the main form of vehicle transportation for more than a century, ICE vehicles are poised to be replaced by zero-emission electric cars. According to a new report from Bloomberg New Energy Finance, sales of gas- and diesel-powered vehicles have taken a permanent nose dive as more people opt for plug-in hybrids and battery-electric cars.

The report states that plug-in hybrid sales are expected to triple by 2024. Consumers will buy 20.6 million plug-in electric cars in 2025 compared to…

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