The 2020s are set to be a memorable decade of change when new challenges also open new opportunities for business growth. In the meantime we are, at last, seeing questions being raised of politicians’ confidence in their electric battery solutions for automotive. These may face difficulties when their full life cycle, from the availability and extraction of raw materials to the final disposal of batteries, is better understood. They must soon explain their source for funding for the resources needed to deliver the extensive recharging infrastructure, for those they are now pressing to buy electric cars. Inevitable and considerable tax levies could be an unwelcome surprise for many.
Motorsport accelerates innovative solutions so we can expect new business demands on the high-performance engineering community. These include calls for help on alternative fuels, hybrid power, light-weighting and many other areas in which our sport can then demonstrate and popularise this tech with the public. Those supplying technology and engineering for motorsport have a good decade ahead.
But the dramatically changing business and political landscape will, soon, affect the motorsport industry in the UK and Europe.
The UK, home to Motorsport Valley, is now no longer part of the European Union, so now it has the independence to strike business deals with the EU and all countries of the world. Easier said than done, perhaps.
Euro vision
This story is from the April 2020 edition of Racecar Engineering.
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This story is from the April 2020 edition of Racecar Engineering.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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