The global market for internal-combustion vehicles peaked in 2017 and is now in "structural decline," Bloomberg New Energy Finance declared in a recent report. Combustion-vehicle sales in 2022 were down almost 20% from the 2017 peak, according to BNEF. In 2017, 86 million internal combustion passenger vehicles were sold globally—including... Combustion-vehicle sales peaked in 2017, peak oil due in 2027
The global market for internal-combustion vehicles peaked in 2017 and is now in "structural decline," Bloomberg New Energy Finance declared in a recent report. Combustion-vehicle sales in 2022 were down almost 20% from the 2017 peak, according to BNEF. In 2017, 86 million internal combustion passenger vehicles were sold globally—including...