In my February column “How Many Years Do Quick Lubes Have Left?” I talked about the coming electric storm in vehicles. The wave of the future in mobile transportation is most certainly electric. It is a tsunami that is growing in the Far East, especially China. It is rolling across the Pacific and will overwhelm North America.
The wave is moving slowly because there are a lot (about 300 million) of internal combustion engines in the way, and they are still powering vehicles successfully and economically. Over the next 30-40 years these will be replaced by electricity-powered light trucks (pickups and SUVs) and cars.