Internal combustion engine (ICE) vehicle sales are likely to have peaked last year, according to Felipe Munoz, a global automotive analyst at Jato Dynamics. The company said that the number of new cars sold in China fell by more than half from 2015, and it expects Chinese car buyers will be less enthusiastic about buying an electric car. Demand for ICE vehicles had been predicted to grow until 2022. But Munoz said that it was likely to have peaked in 2018, based on global sales in October, alongside estimates for November and December. Falls in production for this year of between 0.6% and 1% have been predicted.
Internal combustion engine (ICE) vehicle sales are likely to have peaked last year, according to Felipe Munoz, a global automotive analyst at Jato Dynamics. His forecast came as demand stalled in the world's three largest markets and as manufacturers increase electric vehicle (EV) production. Demand for ICE vehicles had been predicted to grow until 2022. But Munoz said that it was likely to have peaked in 2018, based on global sales in October, alongside estimates for November and December. Falls in production for this year of between 0.6% and 1% have been predicted.