Yes. Nobody doubts the future is electric (or partially fuel cell-based). But at least for the next half decade or so, we'll still see lots of internal combustion engines being produced. There will also still be some progress in making those engines cleaner and more efficient.
As a sidenote: that's why I liked platinum and rhodium as speculative investments in 2017 and I like them again for 2018. Platinum especially has been declared dead, exactly because of this "future is imminent" sentiment and nobody will supposedly need catalytic converters anymore. Platinum has been comatose for years on end now, despite production shortages and the supply side risk coming from South Africa's politics. Most platinum mines are operating at a loss.
As a sidenote: that's why I liked platinum and rhodium as speculative investments in 2017 and I like them again for 2018. Platinum especially has been declared dead, exactly because of this "future is imminent" sentiment and nobody will supposedly need catalytic converters anymore. Platinum has been comatose for years on end now, despite production shortages and the supply side risk coming from South Africa's politics. Most platinum mines are operating at a loss.