Is the combustion engine really on the verge of a revival?

That's the impression some people in Europe would like to give. However, a look at other regions tells a different story.

Take China, for example. In the world's largest car market, the internal combustion engine is clearly in retreat. In the People's Republic, for the first time in July, more e-cars and plug-in hybrids were delivered than diesel and petrol cars.

A first. These developments are being fuelled by the appropriate framework conditions. In China, e-cars benefit from tax breaks, shorter waiting times for vehicle registration and sales bonuses.
This is a problem for Western companies. After all, Chinese suppliers have been ahead in e-mobility thus far. This is particularly true on the domestic market. But they are also gaining market share globally. 

European companies now want to counteract this by developing a new generation of smart e-cars.
This also explains why many top executives and employee representatives of major automotive companies are not counting on an end to the combustion engine phase-out. Instead, they are focusing on planning security. After all, they want to earn money and secure jobs for a little longer. 

Further insights can be found in article.