Gasoline-powered carsmay be going the way of the woolly mammoth, even if it will take decades to replace them and seems hard to fathom today.
The big picture: Internal combustion engines (ICEs) have powered automobiles for more than 100 years. But the shift to electric vehicles, slow to materialize at first, is now accelerating due to tightening government policies, falling costs and a societal reckoning about climate change.
Driving the news: California said this week it plans to phase out sales of conventional new cars by 2035 in favor of zero-emission vehicles that run on electricity.
- Gov. Gavin Newsom’s executive order no doubt faces a giant legal fight and could depend heavily on the election outcome and the shape of the Supreme Court, Axios’ Ben Geman explains.
- The rest of the world is far ahead, with at least 15 countries already banning new gasoline cars and others adopting strict policies to spur EV adoption.
- “Europe and China have woken up to the fact that [the combustion engine] is dead,” Arndt Ellinghorst, automotive analyst at Bernstein Research, told