In a perfect world, BEV would go alongside hydrogen and biofuels, but the latter both aren’t at the level of efficiency and affordability BEV’s have
But yes, companies do like the idea of biofuels, including legacy auto manufacturers. It means they really don’t have to spend all that much on development costs. Why would they spend money on an entirely new platform, when they already dumped decades of investment on an existing one?
This is all really why China is about to take that EV manufacturing crown from the world. They never really did well manufacturing ICE vehicles. They made the bet on BEV against the reluctance of western manufacturers, and Japan, they were just too overconfident with hydrogen development.
In a perfect world, BEV would go alongside hydrogen and biofuels, but the latter both aren’t at the level of efficiency and affordability BEV’s have
But yes, companies do like the idea of biofuels, including legacy auto manufacturers. It means they really don’t have to spend all that much on development costs. Why would they spend money on an entirely new platform, when they already dumped decades of investment on an existing one?
This is all really why China is about to take that EV manufacturing crown from the world. They never really did well manufacturing ICE vehicles. They made the bet on BEV against the reluctance of western manufacturers, and Japan, they were just too overconfident with hydrogen development.