Are all the basic problems solved in electric machinery?

The opinion prevails, not only among students and younger engineers but also among older engineers who are not familiar with the field of electric machinery, that the electric machine reached the peak of its development years ago and that no further progress is possible in this field. It will be shown in the following article that this opinion is wrong, that the improvement of the electric machine is steadily progressing, and that the development of the electric machine is far from its peak.