The automotive landscape is shifting rapidly, with electric vehicles (EVs) capturing headlines and market share. However, as we embrace this electric future, it’s crucial to remember that internal combustion engines (ICE) still play a significant role in our transportation ecosystem. With EVs projected to account for only half of global sales by 2040, the question arises: what about the other half? This is where companies like Horse Powertrain step in, aiming to enhance the efficiency and sustainability of traditional engines.
Why Focus on Internal Combustion Engines Now?
As the world pivots towards electrification, many manufacturers have diverted their resources to EV development, often at the expense of advancing ICE technology. Matias Giannini, CEO of Horse Powertrain, highlights a critical point: “Do we accept that 50% of cars being electric is enough?” The answer, he suggests, should be a resounding no. Instead, we should strive to reduce emissions across all vehicle types, not just those powered by electricity.
Horse Powertrain, a relatively new player in the automotive sector, emerged from the engine divisions of Geely and Renault. Unlike many startups, Horse is already profitable and has secured significant clients, demonstrating a strong market demand for its innovative approach to engine design and development. Giannini’s vision is clear: to assist car manufacturers in creating more efficient powertrains, including compact hybrids that can fit into spaces previously reserved for electric motors.
The Hybrid Solution: A Path to Profitability
Giannini is particularly enthusiastic about the potential of hybrid vehicles. He believes that hybrids represent a viable path for original equipment manufacturers (OEMs) to generate revenue from battery electric vehicles (BEVs), which have faced challenges in global appeal. The hybrid model allows for a smoother transition for consumers who may not be ready to fully embrace electric driving.
With a career spanning nearly three decades in the automotive industry, Giannini brings a wealth of experience to his role at Horse. His background in various aspects of vehicle engineering—from brakes to powertrains—equips him with a unique perspective on the challenges and opportunities facing the industry today. He emphasizes that the development of ICE technology is far from stagnant. Innovations in precombustion processes, alternative fuels, and turbocharging are just a few areas where significant advancements can still be made.
The Race for Thermal Efficiency
One of the most exciting aspects of Giannini’s mission at Horse is the focus on thermal efficiency. In markets like China, there’s a fierce competition among manufacturers to achieve higher thermal efficiency rates. Giannini notes that discussions around reaching 43%, 45%, or even 48% efficiency are becoming increasingly common. While some experts argue that hitting 50% efficiency is physically impossible, Giannini remains optimistic, believing there’s still room for improvement.
This drive for efficiency isn’t just about performance; it’s about sustainability and reducing the environmental impact of vehicles that will remain on the roads for years to come. By improving the thermal efficiency of ICEs, manufacturers can significantly cut emissions and fuel consumption, making a meaningful contribution to global efforts to combat climate change.
Who’s Listening?
Interestingly, Giannini mentions that it’s easier to identify which manufacturers Horse isn’t engaging with than those they are. The early progress Horse has made in partnering with car makers indicates a growing recognition of the value in enhancing ICE technology. As the automotive industry evolves, it’s clear that ICEs will continue to play a role, and companies like Horse are at the forefront of ensuring that role is as efficient and sustainable as possible.
The big takeaway? The journey towards a greener automotive future isn’t solely about electric vehicles. It’s about smarter adjustments across the board. By focusing on improving internal combustion engines, we can make significant strides in reducing emissions and enhancing efficiency. So, whether you’re an industry insider or a curious consumer, keep an eye on developments in this space; the future of transportation is still being written, and it’s more diverse than you might think.