The European Union is taking the lead in ending the Ice Age.

The European Union (EU) recently took the bold and unprecedented step of ending the production and sale of new internal combustion engines (ICE) by 2035 by announcing an alliance with California.

Summary:The corpse of the bearer of the century. The US, Japan and China are less aggressive but have temporary targets within a decade of those of the EU. Darren Woods, managing director of ExxonMobil, said he believes 2040 is the date by which all new cars will be 100% electric.

There are several reasons why the production of 100% electric vehicles, which is probably very conservative in 2035, will happen even earlier. First, most people don't have experience driving electric vehicles. Once they do, they will never go back to gas cars. The technology is clean, quiet, efficient, connected, elegant and often offers amazing legendary acceleration - the car sells itself. Not surprisingly, many models will be exhausted in the near future. With the size of batteries increasing and the exponential growth in the number of publicly available chargers across the country, range concerns will soon disappear as a major barrier to adoption.In addition, rising gasoline prices will continue to increase consumer demand.

Secondly, EV market share will (continue) increase at an accelerated pace - and yes, that's a pun. Economies of scale favor EVs more and less EVs. This is the turning point where the unit cost of producing these vehicles becomes prohibitive, even if the demand for internal combustion engine capabilities is high. The same is happening with the infrastructure supporting combustion engine vehicles - the costs of maintaining gasoline and diesel distribution systems are rising, and the number of points of sale offering these products begins to slowly decline and then quickly disappear. This may be a unique sector for combustion engine drivers and, unlike electric vehicles, will not improve, getting worse over time.

Ultimately, consumers will see the writing on the wall, whether it is on the wall or not; 2035 may be some kind of new car market cycle in the future, but when the window of 2035 closes (eg 2028-2031) and the above situation kicks in, the electric car's economic dominance may not yet be clear. The inevitability of a world based entirely on electric vehicles will soon become apparent to everyone, and serious consideration needs to be given to whether to invest in the outgoing generation of engines that burn foreign cars, or to benefit (and further promote) those who dominate a network phenomenon that only electric vehicles offer.

By the beginning of the next decade, nostalgia, not practicality, will become the main lever for sales of internal combustion engines, relegating only electric vehicles to a practical transport role. If Vegas opens the line when the EU and most of the world go all-electric, then it shouldn't be as far away as 2035.