A Shout-out To Formula One

Formula One is an exciting motor racing competition that races the fastest regulated road-course racing cars in the world.  It has been one of the premier forms of racing since its first official season in 1950.

Australia hosts one of the current racing locations in the Formula One Championship, the Australian Grand Prix, which is contracted to host Formula One up until 2035.  Although the Australian Grand Prix has been held at many different locations since it was first run at Phillip Island in 1928, currently the Australian Formula One race is held at the Melbourne Grand Prix circuit, Albert Park.  The next race scheduled to be held at the Melbourne Grand Prix circuit will be on 30^th March – 2^nd April 2023.  Get you tickets now!

Albert Park, Melbourne F1 Grand Prix Circuit

There have been various changes to the Formula One racing rules since the races began.  A major rule change in 2014 axed the 2.4-litre naturally-aspirated V8 engines in favour of the smaller 1.6-litre turbocharged hybrid power units.  This change prompted Honda’s return to the sport in 2015, where they were the championship’s fourth engine manufacturer for the competition.  Mercedes has emerged as the dominant force since that major engine rule change.

Renault came back as a team in 2016 after buying back the Lotus F1 team.  In 2018, Aston Martin became Red Bull and Alfa Romeo became Sauber’s title sponsors.  Sauber was rebranded as Alfa Romeo Racing for the 2019 season, while Racing Point’s part-owner Lawrence Stroll bought a stake in Aston Martin to rebrand the Racing Point team as Aston Martin for 2021.

In August 2020, a special new Concorde Agreement was signed by all of the ten competing Formula One (F1) teams, which further committed them all to the sport until 2025.  This agreement also included a $145-million budget cap for F1 car development, which also supported equal competition and a sustainable journey of development into the future of F1.

Formula One has also launched a plan to become carbon neutral by 2030, and by 2025, all F1 events should become “sustainable”, which will include eliminating single-use plastics and ensuring all of the race’s waste products are reused, recycled or composted.  2022 sees all F1 cars increasing the bio-component of their fuel, using E10 fuel rather than the 5.75% Ethanol fuel that is currently used.  The percentage of ethanol in the fuel is expected to increase again in the future.  By 2026 we should see a fuel with 100% sustainability; this occurring at the same time that the new engine regulations come into force.

Some Interesting F1 Info

The modern Formula One car is mid-engined and hybrid-powered.  They have a semi-open single-seater racing cockpit, and all four wheels are out in the open.  An F1 car’s chassis is made up using mostly carbon-fibre composites, thus making it very light but also extremely stiff and strong.  The whole F1 car, including the driver but not the fuel, weighs just 795 kg (the minimum weight set by the current regulations).  If the construction of the car is lighter than 795 kg, it can be ballasted up to make the necessary weight requirement.  Each driver may use no more than thirteen sets of dry-weather tyres, 4 sets of intermediate tyres, and 3 sets of wet-weather tyres during one race weekend.

For much of the sport’s history, qualifying sessions differed little from the practice sessions.  The drivers would have one or more sessions in which to set their fastest time, with the grid order being determined by each driver’s best single lap time.  Predictably, the driver with the quickest lap got first place on the grid, which is also referred to as pole position.

The Formula One race begins with a warm-up lap, after which the cars assemble on the starting grid in the order that each driver qualified.  This warm-up lap is often also referred to as the formation lap because the cars lap the circuit in formation, with no overtaking allowed.  The warm-up lap gives the drivers the chance to check the condition of the track as well as their car, ensuring that the tyres get a chance to warm up to race temperature, thus increasing traction out on the tarmac at high speeds.

The winner of the race is the first driver to cross the finish line having completed a set number of laps.  The points system gives 1^st place 25 points, 2^nd place 18 points, 3^rd place 15 points, 4^th place 12 points, 5^th place 10 points, 6^th place 8 points, 7^th place 6 points, 8^th place 4 points, 9^th place 2 points, and 10^th place 1 point.

All points won at each race are added up, and the driver and the formula 1 constructor team with the most points at the end of the season are crowned World Champions.  The points system occurs regardless of whether a driver stays with the same team throughout the season, or switches teams.  Therefore, all the points earned by a driver during the season count toward the Drivers’ Championship title.

Who is driving for which team in 2022?

Formula One is a very exciting high-stakes race to watch.  High speed and loads of drama often play out in front of your eyes, so make sure you book yourself a ticket to the next Melbourne Grand Prix.  And, if you’re wallet’s plump, why not get around some of the other amazing Formula racing locations around the globe come race day.

How Much is Too Much for EV Driving Range?

How long should an EV be able to travel on a full battery?  ‘Neue Klasse’, from BMW, suggests that 1000 kilometres is about right.  BMW’s New Class of vehicles are not far off the runway now, said to be arriving in 2025.  And they are going to be the first BMWs-ever that have been designed from the ground up to be specifically all-electric, EV through-and-through.

That does raise an interesting question: How far should we expect our brand spanking new EVs to go on a full charge (a full tank of electrons instead of a full tank of gas)?  Should we be able to drive from Sydney to Melbourne (877 km), Sydney to Adelaide (1374 km), Sydney to Cairns (2430 km), Sydney to Perth (3932 km), or just Sydney to Wollongong and back (about 175 km) on a full battery?

Most of us are probably sick of driving non-stop after 6–8 hours max in a day.  So, say most of that was done at 100 km/h, then 100 × 8 hours would get you to 800 kilometres before you’d be needing a proper cup of coffee in a proper coffee cup!  It would be then you’d want a rest and a sleep, right?

Perhaps Neue Klasse has got it bang on then.  1000 km would cover an all day blast up the coast from Sydney to Brisbane, which is approximately a total of 911 kilometres via the coastal route.  Get to the end of that journey, and you could pull up at a mate’s place for tea, or a motel, and plug in your EV overnight ready for the long drive back home.

According to Thomas Albrecht (BMW’s head of Efficient Dynamics), in 2025, New Class EV BMWs are set to have “thirty-percent or more” range than what’s currently available now.  That means that the brand-new BMW EV platform with lots of fresh pieces of technology, including 46 mm cylindrical battery cells, should push the Generation 6 batteries out to around 1000 km before they run out of electron juice.  Even though BMW could go further than this 1000 kilometre range, Albrecht suggested that this would be the maximum that BMW will offer because they don’t think that such a long range is necessary.

BMW will debut the new Generation 6 batteries in the 2025 BMW 3 Series EV.  How much do you think we should be able to get out of the battery packs in any new EV bought in 2025–2030?  I’d be interested to know – remembering that battery tech and recharging times will likely have vastly improved by then.

Australia’s Best Racing Circuits, and a Bit of Porsche News at the End.

Australia is a racing car enthusiast’s haven. When professional car racing first began in Australia, it lacked the local presence of manufacturers from brands like Ferrari and Mercedes – both of which helped establish a strong racing tradition in Europe.  Despite Europe’s success, Australia was able to build racetracks down under that Australians and people around the world enjoyed visiting to watch – and even today they deliver some of the very best motor racing has to offer.

5 of the most famous racetracks in Australia would have to be:

1. Phillip Island

You can find the Phillip Island Circuit situated about 2 hours outside of Melbourne City.  Its racing heritage harks back to the 1920s.  The current racetrack has been in use since 1956, although it has undergone minor changes during its life.  Phillip Island is a wonderfully free-flowing circuit with a stunning backdrop of Port Phillip Bay.  This famous track is loved by both motorcycle racers as well as those from the car racing fraternity.  Phillip Island is currently a permanent yearly fixture for the MotoGP calendar.

Loads of motorbikes are included in the race circuit’s fastest lap times, with a Yamaha YZR–M1 ridden by Maverick Viñales in 2019 claiming the quickest lap time of 1 min:28 sec.49.  You have to look down to 57^th place before finding the quickest lap time accomplished by a car.  57^th place was run in 1 min:38 sec.02 in a Porsche 918 Spyder driven by Matthias Hoffsummer.  A 2020 BMW M3 ran around Phillips Island in 1 min: 45 sec.03 – a car that may be a little more recognisable and common to the masses.

2. The Adelaide Street Circuit

The Adelaide Street Circuit hosted the Australian F1 Grand Prix in the 90s.  This famous track saw racing icons Alain Prost, Aryton Senna, and Michael Schumacher score podiums on their journey to winning their F1 World Driver’s Championship.  Because it was regularly the last race of the F1 season, the Adelaide Street Circuit track often had high stakes drama, with its competitors looking to win the last points of the season on what is a fast and flowing circuit.  This drama added to the buzz in the air, playing host to a great party atmosphere once the final race was completed.

Although Melbourne has more recently created another famous racetrack – Albert Park – the Adelaide Street Circuit is still special.  Although F1 cars no longer rip around this circuit, the V8 Supercars event has become one of the its best series.

The fastest time (1 min: 15 sec.381) ever recorded on the Adelaide Street Circuit was performed by Damon Hill back in 1993, while driving his Williams FW15C Renault Formula One.

3. Albert Park

As mentioned above, Albert Park is in the seaside suburb of St Kilda, just outside the Melbourne CBD.  Albert Park Circuit has played host to the Australian Grand Prix since 1996 and is a track that provides fantastic motor racing.  Albert Park is also a track that anyone can tackle a lap of the circuit in their own car.  It’s possible to drive around the circuit many times on any day of the week.

A Formula One Car called the Ferrari F1–75 driven by Charles Leclerc this year (2022) set a time of 1 min:20 sec.260, which is the fastest time ever set on the track.  To give you an idea just how quick that is – Craig Baird drove his Mercedes AMG GT3 car around in 1 min: 54 sec.7311.  Craig Baird’s record time in the GT3 Class is 8^th quickest for a car more recognizable with cars can be driven on our roads legally.

4. Sandown Raceway

Sandown Raceway is a track that, along with Phillip Island and Albert Park, enhances Victoria’s claim to possessing Australia’s greatest collection of famous racetracks. Until Albert Park arrived on the scene, Sandown was regarded by many as Victoria’s premier circuit.  Sandown Raceway is where brilliant Aussie racers like Jack Brabham, Alan Jones, and other heroes have shown off their skills to a home audience.  Sandown Raceway circuit still finds regular use today, most notably among drag racing enthusiasts.

5. Bathurst/Mount Panorama

Formula One and MotoGP tracks inside Australia are rightfully famous.  Events in these high-end categories are truly global, and even our home-grown Aussie drivers have made a name for themselves racing in these very events.  But Mount Panorama/Bathurst is perhaps the most famous track of all to most Australians.

The New South Wales circuit plays a yearly host to the V8 Supercar race, and it has been a place where legendary battles between Ford and Holden have been played out before loyal fans.  Mount Panorama is also where brilliant racers like Peter Brock and Craig Lowndes have cemented their status as giant motor racing legends.

The outright fastest time for getting around the Mount Panorama Track was accomplished in an Audi R8 LMS, where the 2 minute barrier was broken in a time of 1 min: 59 sec.2910; Christopher Mies was the R8’s driver.  The quickest Touring Car that has ever made it round the circuit was a Ford Mustang GT driven by Chaz Mostert in the Supercars Championship of 2019 with a time of 2 min: 04 sec.7602.

Nurburgring (Germany)

And for something a little different… Porsche has just reclaimed the production EV Nürburgring lap record from Tesla, running a time of 7 min: 33 sec with a Porsche Taycan Turbo S EV.  The Tesla Model S Plaid’s lap time was 7 min: 35 sec set in September of 2021.

The production performance EV class is rapidly growing and features a variety of body styles. This means Porsche will likely be challenged by faster EVs in the near future.

Is it Time we Scrap the Luxury Car Tax?

Following changes to the thresholds for the luxury car tax, the future of the impost is once again in the spotlight, especially now that Australia’s days of local auto manufacturing are well and truly in the rear-view mirror. The measure was first introduced with the intention to help protect local manufacturers amid the slew of high-spec vehicles that one can only assume were deemed to be an ‘impediment’ to jobs and the economy.

On the back of the changes in 2022, the 33% tax applying to imported vehicles less than two years of age now covers a value in excess of $71,849 including GST, or a threshold of $84,916 for fuel-efficient vehicles where that car consumes no more than 7L of fuel per 100km.

Given the tax contributes hundreds of millions of dollars to the Federal Budget, it’s not like the government doesn’t have an incentive to prop up another tax as long as Joe Public foots the bill. That’s despite the fact that the tax has long been considered a thorn in the side of the European Union and negotiations of a free trade agreement. But while the amount of tax proceeds may seem vital to the country, the costs to administer the tax are arguably as much as what it reaps.

What circumstances have changed?

One of the key differences now, as opposed to when the tax was first introduced, is that the new car industry is in a dire position thanks to the global supply chain crisis, as well as issus securing stock. Interest rates are now on the rise, but even at historic lows, the industry has been seeing sales slide for some months now after a brief respite. All the while, more buyers are transitioning to SUVs and other more-affordable and reliable brands.

In addition, the impact of the tax on some of those hardest-hit by natural disasters has started to unfold. More specifically, many farmers have bought vehicles that are slapped with a luxury car tax – and no, they’re not driving around in Mercedes AMGs or Ferraris for that matter, but workmanlike vehicles such as the Toyota LandCrusier or Prado – yet all the while, the effects of natural disasters continue to weigh on their livelihood. Motorists are ultimately the ones who foot the bill for the LCT, even though it was designed to be absorbed by dealerships.

The reality of the situation

Frankly, at the end of the day, Australians shouldn’t be slugged to protect an industry that no longer exists. The local manufacturing industry, while beneficial from a jobs perspective, was artificially supported for longer than was ever realistic or sustainable. In fact, it’s easy to argue that the plug should have been pulled on the LCT earlier, back in 2017 when Holden ceased manufacturing operations.

Even if the government has a vested interest in maintaining an otherwise unnecessary tax, the mechanics of it just don’t make sense when not only has it not been tied to inflation – that would mean higher thresholds that are more ‘friendly’ to new car buyers to day – but we are supposed to be trying to encourage people to adopt fuel efficient cars. Yet, here we are, punishing motorists who purchase ‘eco-friendly’ vehicles. That the luxury car tax has lasted this long, is a true surprise, particularly if we’re keen to stave off a potential recession. Let’s not even get started on those unnecessary import tariffs either…for now at least.