Sir Jim Ratcliffe has criticized British and European governments for aggressively promoting electric vehicles (EVs) to consumers. As he introduces a new electric 4×4 with a supplementary petrol engine, the Ineos and Manchester United tycoon highlighted the significant limitations of EVs.
He expressed his concern at a London event, stating that automakers are being unduly pressured to focus solely on EV production.
Sir Jim pointed out that current regulations in Europe are pushing companies like his towards EV development, emphasizing that survival in the market is challenging without offering an electric model. He believes that the choice of technology should be left to drivers, citing ongoing advancements in Formula 1 as evidence that the internal combustion engine still has potential for development.
At a press conference, the 71-year-old billionaire ranked as the second wealthiest individual in Britain, expressed his views on the differing approaches to vehicle propulsion in Europe and America. He noted that while Europe is pushing for a transition to electric vehicles and phasing out combustion engines, America adopts a more flexible stance, suggesting that there might not be a one-size-fits-all solution.
He emphasized that imposing a solution on consumers that they are not willing to accept is not feasible. Instead, he argued, it’s crucial to develop a solution that people find acceptable. He strongly believes in consumer choice, pointing out that current market trends indicate a reluctance to embrace electric vehicles, as evidenced by their sales figures.
Sir Jim expressed concerns about electric vehicles (EVs) facing challenges during extended trips outside urban areas, where charging stations are scarce. He noted, “Many people want to embark on longer journeys without worrying about battery range. Therefore, we’re planning to introduce two models. One will be a purely electric vehicle, which I believe will be highly efficient. However, I favour an electric vehicle equipped with an additional range extender.”
These remarks were made as Ineos Automotive, a division of the billionaire’s extensive business network, revealed their latest creation, the Fusilier 4×4. This new model will be available in two variants: a solely battery-operated version and another featuring a compact petrol engine. This engine can activate and power a generator for extended trips, addressing the common concern of EV range anxiety.
The all-electric Fusilier is expected to cover at least 400 kilometres (248 miles) on a single charge, as per Ineos. The range-extender model will have an initial battery range of about 270 kilometres, which will be augmented by the petrol engine.
Sir Jim’s remarks coincide with ongoing discussions in the automotive industry about balancing emissions reduction with maintaining affordable prices and offering quick recharging or refueling options for consumers.
In the UK, a mandate for zero emissions is pushing major car manufacturers to significantly increase their electric vehicle (EV) sales in the next decade, aiming for EVs to constitute 80% of sales by 2030, up from 22% this year.
Europe is also implementing stringent regulations, prohibiting the sale of vehicles that emit carbon from their tailpipes from 2035, except for those running on synthetic fuels.
While some manufacturers are focusing on exclusively electric lineups for the future, others, like Toyota, maintain that a diverse range of vehicles, including hybrids and hydrogen-powered models, will continue to be relevant.
Sir Jim pointed out that electric cars are currently more suitable for short-distance urban use. He shared his personal experience of driving an electric Smart car while in Monaco.
A spokesperson for the UK Government commented, “Our realistic and pioneering strategy aims to ensure that by 2035, all new cars and vans will emit zero exhaust emissions. This approach is designed to foster growth and protect skilled jobs in the British car industry. Additionally, we have already invested over £2 billion in the transition to electric vehicles, which has resulted in more than a million electric vehicles on our roads and a 46% increase in the number of charging points compared to last year.”
