Daimler stops developing internal combustion engines to focus on electric cars
After reigning in the auto industry as the powertrain of choice for a century, the internal combustion engine is finally dying.
Now even Daimler says that it is stopping development of new internal combustion engines to focus on electric cars.
The German automaker whose namesake, Gottlieb Daimler, is credited for having invented the prototype of the modern gasoline engine recently released its latest generation internal combustion engine and it might be its last.
According to German magazine Auto Motor und Sport, Daimler development chief Markus Schaefer said that they currently have no plans to develop a next-generation combustion engine and they are focusing on new electric powertrains.
Daimler would not be doing this if they really thought EVs will never be more than a niche product. BTW, GM is in discussions with the UAW to reopen one of the plants it just closed that caused to the strike to build... electric trucks.
Musk has won. The Tesla killers just got killed.
What's even funnier, I was watching a YouTube video on predictions for the economy yesterday and this hedge fund type got up and predicted Tesla will be out of business by the end of 2020.
Don't think so.