P2B8E Lotus Elan is defined as Knock Sensor Circuit Range Performance (Bank 1 or Single Sensor). This refers to camshaft timing, which in this case is over-retarded. The PCM then uses this data to provide the right strategies for the fuel delivery and ignition timing of the engine.
Possible Causes :
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Replace the oxygen sensor that is downstream from the catalytic converter on the side of the engine that does not contain cylinder #1. Also, if a oxygen sensor code stating "heater circuit malfunction" the sensor has most probably failed. Look for missing ground strap or a rusty ground where the fuel tank is grounded to the frame. Check for damage to the wiring harness connector. Once located, visually inspect the connectors and wiring. Look for rubbing, scraping, bare wires, worn spots or melted plastic connectors.
Diagnostic trouble code P2B8E Lotus Elan is not difficult to diagnose and repair. Thus, it always pays to have a qualified technician to look after your vehicle should this error code arise.
Diagnosing this code requires the engine to be in good running shape, without unmetered air entering the engine. If other codes that relates to misfiring condition, lean running or air entering the engine is present, then you must first fix those error codes before P2B8E Lotus Elan.
Fortunately, P2B8E Lotus Elan is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.