Teslarati
OCTOBER 26, 2021
Tesla will have a new addition to its CO2 pool in Jaguar Land Rover, which will help the latter company avoid hefty fines for not reaching target emissions goals set by the European Union. Jaguar Land Rover failed to meet EU CO2 goals last year, which set the company back around £35 million in fines. Tesla has accumulated around $1.15
Teslarati
FEBRUARY 9, 2024
However, that was in 2020. billion in credits in both 2022 and 2023, while 2020’s total was $1.58 Former Tesla Chief Financial Officer (CFO) Zachary Kirkhorn, who left the company last year, said the credits would eventually go away as other automakers caught up to emissions standards. Tesla has brought in over $1.7
Teslarati
MAY 5, 2021
The end of Tesla’s EV credits agreement with Fiat-Chrysler doesn’t seem to bother TSLA bulls much, and for good reason, according to Barron’s. Groupe PSA) and Fiat Chrysler Automobiles (FCA) N.V. billion from EV credit sales in 2020 and reported $518 million in credit revenue in its Q1 2021 Update Letter.
Teslarati
MAY 6, 2021
One of the most notable deals is Tesla’s sale of credits to Fiat-Chrysler Automobiles, requiring FCA to pay Tesla $2 billion through 2023. The sale was to help FCA reach the European Union’s CO2 requirement of 95g per kilometer in 2020. This was due to the merger between Peugeot S.A.
Green Car Congress
SEPTEMBER 13, 2017
The ACEA said that this target should be conditional on the real market uptake of electrically-chargeable vehicles and the availability of charging infrastructure for alternatively-powered vehicles which are crucial to achieve any significant CO 2 reductions beyond 2020 levels.
Electric Auto Association
APRIL 7, 2021
When the credits are calculated for 2020 fleets, each EV will count as 1.75 Credits represent actual carbon dioxide (CO2) emissions and are expressed as megagrams of CO2 (Mg = one million grams). Honda, Chrysler, and Nissan each hold roughly 20 million megagrams of credit that will be forfeited if they remain unused.
Electric Auto Association
SEPTEMBER 6, 2021
The Trump rollback wasn’t finalized until 2020 and will only apply in 2021 and 2022. Vehicles with larger footprints are allowed to generate more CO2 than vehicles with smaller footprints. The latest proposal from the EPA would govern the 2023-2026 model years and restore stringency to roughly the level of the original program.
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