The passage given below is followed by four alternate summaries. Choose the option that best captures the essence of the passage.
The era of the internal combustion engine is nearing its end, evidenced by various indicators. Major automakers are increasingly transitioning to hybrid vehicles. Volvo, for instance, has committed to ceasing production of purely petrol-engined cars by 2019. Additionally, Tesla has introduced its first electric car aimed at middle-class consumers—the Tesla 3, priced at $35,000 in the US. Over 400,000 people have already made refundable deposits for this model, with thousands having received their cars. Tesla aims to sell another half a million units next year, a notable achievement considering its limited range and the scarcity of charging stations.