Posts

Electric Car

Boeing And Porsche Team Up In Hopes To Make Worlds First Flying Electric Car

/in , /by

Boeing, the major United States air crafting developer, and Porsche, German car company, are teaming up to potentially give the world its first ever electric flying car. The two companies made the announcement on Thursday, stating that they want to “explore the premium urban air mobility market and the extension of urban traffic into airspace,” through “a fully electric vertical takeoff and landing vehicle,” according to CNN. 

The announcement was overall very vague. They didn’t include any target release date, how much money each would be contributing, or how much they predict these flying cars would even cost. However, getting into the electric car business has been a plan for Volkswagen, Porsche’s parent company, for a few years now. The company announced recently that it plans to begin to develop and distribute more electric vehicles throughout the next decade in an effort to reduce their carbon footprints. Volkswagen, more specifically, wants to distribute up to 22 million electric car variations throughout its many brands, I guess the one for Porsche just happens to be a flying one in development. 

Embed from Getty Images

“We are combining the strengths of two leading global companies to address a potential key market segment of the future. In the longer term, this could mean moving into the third dimension of travel,” says Detlev von Platen, a member of the Porsche board in charge of sales and marketing. 

“Porsche and Boeing together bring precision engineering, style and innovation to accelerate urban air mobility worldwide,” said Steve Nordlund, general manager of Boeing NeXt, a unit of the company working on next generation vehicles and aircraft.

Embed from Getty Images

Boeing alone brought in over $100 billion in revenue in 2018, according to CNN, and has already made headlines through the creation of some “air taxi” prototypes. Earlier this year Boeing even did a few test flights of its autonomous air taxi. The vehicle’s didn’t actually go to any destination, or even have anyone on board, but the preliminary hover tests are essential to the production of any future products, perhaps like the one upcoming with Porsche. Boeing is one of the first companies to try to enter into the “air taxi” field, but close behind them are brands like Airbus, and even Uber, all of which are trying to enter into what they believe is the next big mode of transportation. 

Critics are responding to these new innovative “ideas” from all these companies with questions over the logistics. Tesla was able to make headlines by developing and distributing the now very popular self driving cars and SUVs, however, even those are experiencing some major malfunctions as newer features are added to them. So consumers are worried that if manufacturers can’t perfect self-driving cars, how are they going to master the science behind flying cars? If only George Jetson could be reading this article right now…

“Boeing has a production style product flying and has gone to the extent of publicizing the efforts. That shows that Boeing is taking this urban area mobility thing quite seriously. We have the ingredients for a different generation of aircraft that wasn’t really feasible 10 years ago. We’re going back to that golden age of innovation where people are trying new things,” says Eric Bartsch, CEO at VerdeGo Aero, which develops the power systems for Boeing.

 

Climate

EPA Rollbacks Threaten to Accelerate Climate Change

/in , /by

On Thursday, the EPA is set to announce rollbacks on regulations on methane emissions, which are a major contributor to climate change. As it stands, oil and gas companies are required by federal regulations to install and maintain technology that inspects and fixes wells, pipelines, and storage facilities with the potential to leak methane. With these regulations gone, companies would have no legal requirement to ensure that excess methane is not released into the air.

Although these changes are required by law to undergo a period of public comment and review, this process is unlikely to change the outcome of the rollback. (In 2017, 99.7% of public comments opposed rolling back net neutrality regulations; the FCC dismantled these regulations anyway, suggesting that governmental agencies’ public comment periods can have little to no impact on their ultimate decisions.) Notably, several companies in the oil and gas industry oppose this regulatory change. While the American Petroleum Institute praised the proposed change in rules, calling it “a smarter way of targeting methane emissions,” Exxon, BP, and Shell have urged the Trump administration to maintain key elements of the regulation.

Embed from Getty Images

While it may seem counter-intuitive for these companies to oppose loosening restrictions on the emission of greenhouse gases, oil and gas companies have given several reasons for supporting environmental regulations. One reason has to do with messaging: as the arguments favoring the belief that climate change is both man-made and potentially disastrous become increasingly irrefutable, oil and gas companies are re-branding themselves as favoring renewable sources of energy. As such, it would be hypocritical for them to oppose environmental regulations. Additionally, the view that natural gas is a cleaner source of energy than oil requires that methane emissions are curtailed as much as possible, as the process of extracting and refining natural gas has a strong potential to cause methane leaks if not handled carefully.

This is not the only case where companies have opposed the Trump administration’s rolling back of environmental regulations that impact their business. This summer, Ford, Volkswagen, Honda, BMW, and Mercedes-Benz teamed up with the state of California to oppose auto emissions rollbacks. These rollbacks, which have not yet been implemented, would reverse a rule requiring automobiles to reach an average of 54.5 miles per gallon by 2025, lowering the standard to just 37 miles per gallon. However, 13 states, including California, have vowed to continue to enforce the regulation, leading to a potential disparity in regulations between states and a splintering of the automobile market. As such, some auto manufacturers have sided with California over the Trump administration, seeking to abide by standards that would allow them to continue producing a single fleet of vehicles for all 50 states.

Embed from Getty Images

Additionally, the Trump administration has sought to roll back regulations on mercury emissions that were instituted by the Obama administration in 2011. As human exposure to mercury leads to serious health problems, the regulations on the permissible amount of mercury in the environment were strict, and as a result of these regulations mercury pollution has fallen by 70 percent. Although coal companies such as Duke Energy opposed the regulation, due to the substantial financial burden of installing the technology necessary for compliance, they now oppose rolling back the regulation, as they fear that the money they spent will go to waste if they are not obligated to continue monitoring and reducing mercury emissions.

While somewhat surprising, the shift of oil, gas, and automotive companies towards a more environmentally friendly and consumer-oriented approach is part of a larger trend created by the vacuum of leadership in government combined with worsening environmental and economic conditions. Recently, Business Roundtable announced that many of the world’s major CEOs would shift their focus away from prioritizing shareholders to prioritizing stakeholders in an effort to ensure a healthier and more inclusive economy. This announcement was made in the context of tax cuts that benefited the wealthy at the expense of the middle and lower classes; fearful that the rise of income inequality would lead to an unstable economic situation, the free market reacted by reorganizing its priorities to support a growth in consumer’s spending power. A similar philosophy is driving energy companies such as BP to focus on “green” solutions for harnessing energy. The long-term viability of this practice of self-regulation remains to be seen.