Electric Cars Racing Ahead
This week, in the good news category, electric cars just got a lot sexier — Ford unveiled its Mustang Mach-E, an all-electric SUV at a starting price of less than $50,000, and Ford’s CEO expects it will be profitable from the starting line, as well as zero-emission. And for auto racing fans, CNN reported that the Formula One racing circuit has announced a new 10-year plan to “change the face of the sport” and become carbon neutral by 2030.
Why This Matters: Well, who doesn’t want a Mustang? Ford made this car affordable and an SUV, which we know is what the public wants right now.
- As “gearheads” know and the popular movie Ford v. Ferrari demonstrates, auto racing advances often lead to passenger car improvements.
If Ford and Formula One Racing are working to make electric vehicles that are fast and affordable, the electric vehicles market will soon take off, despite the Trump Administration’s efforts to slash its tires.
Mustang Mach-E Car Facts
If you think you have to have one, read on!
Bill Ford the company’s Executive Chairman and great-grandson of company founder Henry Ford told CNBC, “I said if any car is going to wear the pony, it can’t just look like a Mustang,” said Ford Executive Chairman Bill Ford, great-grandson of company founder Henry Ford. “It’s got to drive like one, it’s got to feel like one, and it has to have the soul of one. I’ve driven it, and it’s a rocket ship.”
Formula One Carbon Zero
Less than one percent
of the Formula One greenhouse gas emissions come from the cars on track, with the majority of the sport’s carbon footprint as a result of the racing teams and equipment traveling to races around the world. So the teams are going to reduce their travel carbon footprint by limiting the traveling team and increasing the use of rail
and road travel to go to races as a way of reducing air travel miles. And on the track, most excitingly, the sport is changing to use sustainable biofuels made up of biological material, such as algae
“Over its 70-year history, F1 has pioneered numerous technologies and innovations that have positively contributed to society and helped to combat carbon emissions,” F1 CEO Chase Carey told CNN
H/T to Mike K for the F1 tip.