Vehicles declining in importance with research funds now diverted into developing greener modes of transport
DIESEL cars are reaching the end of the road, industry bosses believe.
The motors will be replaced by clean electric models, which will dominate sales by 2025, 90 per cent of experts say.
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Diesels are declining in importance for 62 per cent of industry executives, a KPMG poll shows.
Instead, research money will go into developing electric vehicle batteries, 93 per cent say.
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John Leech, of KPMG, said: "Improvements in the cost and range of battery technology, coupled with growing concern over the emission of both carbon dioxide and nitrogen oxides from diesel engines, means that almost the whole automotive industry believes that the mass adoption of electric cars will happen during the next decade."
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Mr Leech continued: "Car[1] makers plan to sell a myriad of new digital services to vehicle users. Today car makers already make substantial profits from the sale of consumer finance and annual vehicle insurance but this will grow in the future as innovative services such as remote vehicle monitoring and the integration of the car as a focal point in people's ever more connected lifestyles are demanded by consumers."
