crystal ball gazing - IC engine historic vehicle price future?

[john fox]

following a change in personal circumstances and the theft of money by a "friend" I had placed with him,  I am now having to re-evaluate life. I am the possessor of a number of MV which are non runners where, up until recently, I had been content with that thinking I had plenty of time to do them as "retirement projects" then eventually sell the family silver when the fun had worn off.

However, I am increasingly aware of the move towards electric this and that as the emerging means of transport, and therefore the real possibility that within "a few" years the current norm will disappear as easy availability of petrol will vanish and IC engine vehicles will start to be penalised. Yes there will doubtless (?) be acceptance of the need to continue to permit "historic vehicles" to use the public highway, but inevitability their star will fade in terms of their value to "collectors" and so their market price will diminish. Sadly, if I beyond 70 I will now need to sweat my assets and thus cannot afford to ignore the possibility the value of my projects may be heading towards a precipice???

Is now the time to bail? The point of this thread is... what do people's crystal balls see as the future of the market for project MV ???

I have (literally) just seen a rusty incomplete MK 1 Ferret on FB at asking price £11k. That makes mine look much better, although obviously asking price is not sold price!!

[ruxy]

X'tal ball   ,   yes -  petrol will vanish in a "few" years , that is fossil petrol  (I will not go into the origins of the word petrol) , petrol is just a 'spirit'  that for gov. / commercial reasons the recipe has kept changing over the last 120 years.  Arguably we should be still calling petrol 'launch spirit'.  The need for hydro-crackers will drastically be reduced but at the same time biogas (from human waste) will increase ,  the buzz word for conversion of gases to liquid is  "reformed"  .  I have doubts that traction batteries will make further great improvement on the time scale in question , so it will be hybrid power for longer (much longer  IMHO )  - so the liquid  (reformed)  bio-spirit will be available long into the future.   Diesel - the grade known as DERV , well that can be reformed from biogas and newer engines will be more "multifuel"  running on bio-spirit.  Politics is all , apparently the old refiners going  (such as Grangemouth - blamed on overcapacity due to electro/chemical propulsion)  are uneconomic, scrapping of refineries before due date & finding the £ dosh for new plants - the forecourt demand will be there.

[Edd]

Petrol and diesel will stay but likely to be expensive as demand drops.  There are too many people with millions tied up in hypercars, historic racecars etc.... for the fuels to disappear.

 

Diesel is easier as you can run biodiesel and things like rapeseed oil if you want.  Currently with my diesel engineer hat on I would say do not run bio in historic vehicles, except for HVO.  But if limited choice in the future then rapeseed oil etc.... is a choice.

[wally dugan]

AS long as men /women have sheds they will continue to restore and there will be a need for fuel be it BIO  FOSSIL or what ever

[Enigma]

Dare I say it?....

Maybe elictrifying our MV's...😲

[sirhc]

There are around 30 million petrol and diesel powered cars on the roads in the U.K. We will be able to buy these fuels for many more years. There are a lot less steam powered vehicles on the roads but they can still get coal…

[Mk3iain]

 

Oil (and gas) will be around for the foreseeable future.  Taking the chemical and pharmaceutical industries alone there are minimal alternatives (yet) for much of what is produced.

As far as the push to make everything electric, there are alternatives but there is a very strong push to have battery powered everything. Why ?

Combustion engines can be very clean with the current fuels and alternatives are being developed.  New combustion engines are also being developed to run on fuels such as hydrogen, methanol and ammonia.  New engines not adapted petrol or diesel engines. Look to JCB and Toyota for example.

There is way too much propaganda pushing electric/battery power.

(Just a thought.  I work in both renewables (offshore wind farms) and Oil & Gas.

There is no renewable industry without oil ! )

[john1950]

Steam is still around all these years after it was supposed to be finished.