With gas prices down to less than $2.00 at a growing number of pumps around the country, a growing number of American motorists have been flocking back to showrooms for pickups, SUVs and muscle cars. Yet, despite that sudden surge, the days of the classic V-8 and V-6 may be coming to an end.
In fact, a new study suggests that less than half of the vehicles that will be sold around the world by 2017 will be powered by conventional gasoline engines. Alternative fuels, electrified vehicles and more advanced internal combustion systems will make up the majority of the global mix, according to a new report from Navigant Research.
And the pace of that transition will only accelerate in the years ahead. Even in the U.S., tough new fuel economy standards set to go into effect by 2025 will force major changes under the hood, industry insiders concur.