• 4 hours Midwestern Refiners Seek Canadian Oil To Expand Output
  • 9 hours UK On Track To Approve Construction of “Mini” Nuclear Reactors
  • 13 hours LNG Glut To Continue Into 2020s, IEA Says
  • 15 hours Oil Nears $52 With Record OPEC Deal Compliance
  • 18 hours Saudi Aramco CEO Affirms IPO On Track For H2 2018
  • 20 hours Canadia Ltd. Returns To Sudan For First Time Since Oil Price Crash
  • 21 hours Syrian Rebel Group Takes Over Oil Field From IS
  • 3 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 3 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 4 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 4 days Schlumberger Warns Of Moderating Investment In North America
  • 4 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 4 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 4 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 4 days New Video Game Targets Oil Infrastructure
  • 4 days Shell Restarts Bonny Light Exports
  • 4 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 4 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 4 days British Utility Companies Brace For Major Reforms
  • 5 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 5 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 5 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 5 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 5 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 5 days Rosneft Signs $400M Deal With Kurdistan
  • 5 days Kinder Morgan Warns About Trans Mountain Delays
  • 5 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 5 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 6 days Russia, Saudis Team Up To Boost Fracking Tech
  • 6 days Conflicting News Spurs Doubt On Aramco IPO
  • 6 days Exxon Starts Production At New Refinery In Texas
  • 6 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 7 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 7 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 7 days China To Take 5% Of Rosneft’s Output In New Deal
  • 7 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 7 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 7 days VW Fails To Secure Critical Commodity For EVs
  • 7 days Enbridge Pipeline Expansion Finally Approved
  • 7 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
Alt Text

Chinese EV Boom Could Crash Oil Prices

Most oil majors acknowledge that…

Alt Text

Tesla Execs Bail As Cash Flow Hits Record Lows

Amid a rough second quarter…

Alt Text

Is Hydrogen Fuel As Dumb As Musk Thinks?

Hydrogen fuel cells have been…

Jon LeSage

Jon LeSage

Jon LeSage is a California-based journalist covering clean vehicles, alternative energy, and economic and regulatory trends shaping the automotive, transportation, and mobility sectors.

More Info

Aston Martin CEO: UK Fossil Fuel Ban “Meaningless”

EV

British performance carmaker Aston Martin’s chief sees his country taking a very unrealistic approach to dealing with air pollution.

The UK government’s July announcement that it will be banning the sale of petrol- and diesel-powered vehicles by 2040 is “meaningless” to Aston Martin CEO Andy Palmer.

Government officials are certainly not automotive engineers and are missing the mark, he said.

“Policy makers should not try to be engineers,” Palmer said. His conclusion was that the July announcement banning fossil fuel vehicles by 2040 was “just spin” and doesn’t stand a chance of being achieved.

China is now becoming one of four countries joining the UK in stopping fossil-fuel powered vehicles on its roads, along with France and Norway. Xin Guobin, the country’s vice minister of industry and information technology, announced in a speech earlier this month that regulators are working on a timeline for phasing out the sales and production of the gasoline- and diesel-powered vehicles.

Other countries central to the global auto market are considering heading toward an eventual phase-out of petroleum-powered cars through government incentives and mandates. It’s a big job – with about 695,000 of 84 million new vehicles sold last year being electric; and with about a billon gasoline and diesel vehicles out on roads across the world now.

Related: Failed Oil Price Recovery Slams Energy Stocks

These regulators are getting their wires crossed with national mandates, Palmer said.

“In my view as an engineer, it’s better to prescribe the emission, and then let the engineers figure out what the right technology is,” he said.

Palmer thinks the technology is already there with fuel efficient gasoline engine vehicles. He made reference to Formula 1 racers in development that can already double their previous fuel economy.

Hybrid vehicles can confuse the issue.

“If you take today’s engine and you simply slap a hybrid on, you end up more or less in the same place,” he said.

Understanding the end result and how the technology and fuel work is essential to making realistic government policies, he said.

“Are we trying to solve clean air? In this case, ban diesels. Or are we trying to solve CO2? In this case, you need to use less fossil fuel. The two are different. And a lot of the dialogue right now is mixing those messages,” Palmer said.

Palmer does take alternative vehicle technologies very seriously.

Prior to heading Aston Martin in 2014, he’d been chief planning officer and executive vice president at Nissan Motor Co. Palmer was considered to be a champion of the Nissan Leaf, the very first mass market plug-in electric vehicle along with the Chevrolet Volt.

One of his more visible periods was facing angry Nissan Leaf owners in town-hall meetings who’d had their Leaf battery packs degraded by extreme weather conditions, such as 120-degree heat in Arizona. Palmer committed to lead improvements to the Leaf battery, which did take place.

Palmer recently said in an interview that all new Aston Martin vehicles will be hybridized by somewhere near 2025. By 2030, he expects sales to be 25% all-electric vehicles and the remainder hybrid vehicles. The upcoming all-electric RapidE will be the first of its electric vehicle offerings.

The company will continue making gasoline V12 engines, which are at the heart of their performance.

The Aston Martin chief sees heavy-duty trucks being another major barrier for fossil fuel bans to work. They’ll need to be electric trucks, but their powertrains probably won’t have access to the battery packs needed to keep these trucks on roads for long distances, he said.

Related: Expect A Major Leap In U.S. Oil Exports

That would block Tesla from its big plan to roll out electric semi-trucks. The electric carmaker has scheduled a product announcement next month on its plans for launching electric trucks.

Aston Martin is embracing alternative technologies for their performance gains and emissions reductions, but it has to be a profitable strategy for the company’s executives.

Palmer led his company to its first half-year profit in a decade during the first six months of this year.

New vehicle launches like the DB11 model and the upcoming all-electric RapidE are central to the company’s strategy to roll out more high performance, advanced technology vehicles. That’s considered central to rebuilding Aston Martin’s image as a leading luxury, performance carmaker.

By Jon LeSage for Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment
  • TM on September 26 2017 said:
    Wishful thinking in its purest form, but no surprise coming from the CEO of a brand whose main competitive advantage depends on the ICE technology. The problem with setting an emission standard and let the engineers decide is clear: they will cheat (for more info. on this topic, please search "Volkswagen " and "Dieselgate" on the web ;))
  • snoopyloopy on September 26 2017 said:
    The only bans that are worth questioning are the ones for 2025. By 2030 (or later), the market will obsolete ICE options for all but a very select few vehicle offerings. This includes heavy-duty applications such as buses and trucks.
  • Nick Wilson on September 26 2017 said:
    Hybrid approach ideally with plug in component seems like a better bet. For heavy trucks and buses would be better to look at conversion to natural gas which is much cleaner than diesel (50% drop in NOX and virtually no particulates)
  • Peter on September 26 2017 said:
    These so called bans on ICE vehicles are meaningless. The people who make the bold "commitments" will be long out of power by 2040.
  • Heres a target on September 26 2017 said:
    Zero net emissions from cars and electricity source.
    Evs with solar or wind energy. Clearly solar pv in all homes and workplaces will assist.
    And is the cheapest energy source anyhow... now in any sunny or windy country, and within 10 yrs for all other country.
  • Citizen Oil on October 03 2017 said:
    Just as we are perfecting the ICE we decide to ban it. That is absolutely ridiculous. The real problem , and one that governments will never mention is overpopulation. Let the population dwindle from 7+ billion to 2 billion and it solves most of your problems. But of course we are like a virus and relay on growth for our economy. Like a virus we will eventually kill ourselves and the host, mother Earth.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News