Roger Penske thinks the Indy 500 and car industry aren't going all-electric anytime soon
Fox News
Automotive and racing magnate Roger Penske doesn't think the transformation to electric cars will happen as quickly as some are estimating. The IndyCar owner said "I don't think you're going to see the world going all electric."
"I think you’re going to have hybrid solutions in all sorts of transportation," he said. "I’m sure there’ll be mandatory electrification in certain cities, highly densely populated areas, but that wouldn’t be 100 percent." IndyCar is switching to a 1000 hp hybrid powertrain formula for the 2023 season that Penske is hopeful will attract new manufacturers to the series, which is currently powered by Honda and Chevrolet engines. "We’re in conversations right now with two really good possibilities," he said.
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