Executives also noted a willingness to invest into their manufacturing plants, citing areas of potential growth in the production process. "What's clear is that the internal combustion engine is not going anywhere soon. Volkswagen, Hyundai, and BMW were the favorites, each hard at work developing smaller and more efficient internal combustion engines, rather than putting their weight behind electric power." With a deliberate focus on improving fuel economy and efficiency, car makers have begun designing gasoline and diesel powered engines that use less fuel and emit a fraction of the pollutants into the atmosphere that their predecessors did, and with continued investments, further improvements can be made..
64% of those surveyed said that their companies would be increasing investments into new plants during the next five years, up from just 55% from the year before. In a number of global markets, including the US, many plants are already running at 100 percent capacity, meaning an additional investment would require an expansion of the facilities themselves. Along with improvements to the engines themselves, an improved method of production could also create noticeable benefits. Until battery driven vehicles can demonstrate greater range and safety for occupants on board, the more practical investment will be towards the development of the kinds of engines already in service today.
As a final question in the survey, each executive was also asked which companies they believed would control the most market share over the next five years.Recently released results from an annual survey conducted by US audit, tax, and advisory company KPMG are showing that for many of the worlds largest auto makers, gasoline and diesel powered internal combustion engines, rather than electric motors, are the technologies worth investing into for the foreseeable future. Despite tripling in sales over the last year, electric vehicles are slated to maintain a minimal 15% share of the global car market Car Engine Part Distributors for at least the next 12 years, prompting car makers to keep their focus on the traditional engines of today.