I'm at an IEEE motor engineering conference right now, and have noticed something interesting: even though it's held in the US, and has been since it started five years ago, 90% of the participants are European or Asian. Even half the professors here from US universities are foreign-born, and one US navy speaker bemoaned how the US is simply not graduating enough engineers to keep the industry going here. American motor engineering is on its way out.
I mention this because the electric motor industry today is where the computer chip industry will be in twenty (maybe ten) years--ubiquitous but mysterious, a technology that is embedded everywhere (from your cell phone to your refrigerator, not to mention the dozen or so motors in your car), and a technology that performs well enough that only a miniscule percentage of the industry still bothers to push the envelope. It's not new and shiny anymore, it's all commodity--a motor designed eighty years ago can be better than one designed today. Computer chips already hit ubiquity, and the banality (or, to be nicer, timelessness) is somewhere on the horizon.
It is important not to forget technologies at that point. Abandoning basic-but-ubiquitous technologies is like abandoning agriculture. Sure, it's cheaper to do it abroad, but you set up dependencies that will bite you in the butt later. And no matter how mature the industry, there are always potentially more breakthroughs to be made.








