Jul 26, 2017

The U.K. joins a growing future ban on gasoline-powered cars

Tesla will deliver its first Model 3s Friday. (AP / Justin Pritchard)

The U.K. will ban the sale of new gasoline- and diesel-driven vehicles starting in 2040 toward a goal of removing them from British roads a decade later and shifting the country to fully electric cars, per the Financial Times.

The prohibition, to be announced today, is driven by environmental policy — to bring down U.K. emissions within EU pollution standards. But, coming two weeks after France announced a similar ban, its impact could be much broader.

Why this matters: Previously, the Netherlands and India, too, said they were banning the sale of new gasoline- and diesel-powered vehicles by 2025 and 2030, respectively. Saying and doing are different things. But taken together, the bans put serious weight behind bullish forecasts for electric car penetration, and could lead oil companies, carmakers, petro-states and geostrategists to recalibrate policies that forecast a much slower penetration of electric cars into the market.

What mainstream-priced forecasters say: Most big oil companies, government agencies and OPEC say fully electric cars will continue to represent only a few percentage points of annual sales through 2040 and possibly beyond. But more bullish projections, such as by Bloomberg New Energy Finance (see below), say that coming cost savings in batteries and electric drive trains will help lead to a transformation in which fully new electric cars surpass 50% of sales in 2040. By then, according to these forecasts, they will comprise more than 30% of the total fleet.

Bloomberg New Energy Finance

Such a shift would vastly cut global oil sales, hurting oil companies and countries that rely on oil exports for most of their economy, such as Saudi Arabia and Russia.

Go deeper

The wreckage of summer

Illustration: Sarah Grillo/Axios

We usually think of Memorial Day as the start of the summer, with all of the fun and relaxation that goes with it — but this one is just going to remind us of all of the plans that have been ruined by the coronavirus.

Why it matters: If you thought it was stressful to be locked down during the spring, just wait until everyone realizes that all the traditional summer activities we've been looking forward to are largely off-limits this year.

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 5,410,228 — Total deaths: 345,105 — Total recoveries — 2,169,005Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 1,643,499 — Total deaths: 97,722 — Total recoveries: 366,736 — Total tested: 14,163,915Map.
  3. World: White House announces travel restrictions on Brazil, coronavirus hotspot in Southern Hemisphere Over 100 coronavirus cases in Germany tied to single day of church services — Boris Johnson backs top aide amid reports that he broke U.K. lockdown while exhibiting symptoms.
  4. Public health: Officials are urging Americans to wear masks headed into Memorial Day weekend Report finds "little evidence" coronavirus under control in most statesHurricanes, wildfires, the flu could strain COVID-19 response
  5. Economy: White House economic adviser Kevin Hassett says it's possible the unemployment rate could still be in double digits by November's election — Public employees brace for layoffs.
  6. Federal government: Trump attacks a Columbia University study that suggests earlier lockdown could have saved 36,000 American lives.
  7. What should I do? Hydroxychloroquine questions answeredTraveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Updated 5 hours ago - Politics & Policy

U.S. coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios. This graphic includes "probable deaths" that New York City began reporting on April 14.

The CDC is warning of potentially "aggressive rodent behavior" amid a rise in reports of rat activity in several areas, as the animals search further for food while Americans stay home more during the coronavirus pandemic.

By the numbers: More than 97,700 people have died from COVID-19 and over 1.6 million have tested positive in the U.S. Over 366,700 Americans have recovered and more than 14.1 million tests have been conducted.