The internal combustion engine shaped our world for over a century, but its reign is ending.
As the EV revolution accelerates, legacy automakers in Europe and beyond face an existential crisis.
Have they been too slow to adapt?
Could a major car brand collapse in the near future? Industry experts weigh in on the emotional and economic challenges of transitioning to electric.
⚡🚗💨 #ShockingTheSystem #ElectricVehicles #ChineseEV
As the EV revolution accelerates, legacy automakers in Europe and beyond face an existential crisis.
Have they been too slow to adapt?
Could a major car brand collapse in the near future? Industry experts weigh in on the emotional and economic challenges of transitioning to electric.
⚡🚗💨 #ShockingTheSystem #ElectricVehicles #ChineseEV
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NewsTranscript
00:00This is an internal combustion engine from 1886. It really is an early example of a technology
00:13that has fundamentally shaped our world over the last 130 years. But that history is now
00:18coming to a close and a new future is being written for legacy car makers in Europe and
00:24elsewhere. They're struggling to find their place in it. Some say they've been complacent
00:29because the glamour attached to their design history has sustained demand. True or not,
00:35there has been widespread emotional resistance to abandoning storied European brands and
00:40their noisy internal combustion engines. Do you think we'll see the collapse of one of
00:45the legacy car makers in the near future? And what do you think that would mean? It's
00:48very sad. I think it's inevitable. I don't think in the near future, those companies
00:53are so enormous and so entrenched that it will take a while. But I think it's inevitable
00:58that if they don't adapt, then they just can't. You know, the arguments about whether
01:03the future is electric are basically non-existent anymore. It's boring. Who cares? You know,
01:08the future is electric. Electric motors are just, as a machine, they are so much more
01:13efficient. And if it's okay with people to import toxic fossil fuel that costs a lot
01:19of money and then refine it and then transport it and then put it in a car and then burn
01:23it once for a few thousandths of a second, and then it turns into a gas that's toxic.
01:29If that's okay, then I won't argue with you, you know. But I think the arguments against
01:34that old technology now are overwhelming.