To no one’s surprise, the California Air Resources Board (ARB) has announced that Tesla has sold by far the largest number of zero-emission vehicle (ZEV) credits of any automaker for the last 12 months. The California ZEV Regulation requires vehicle manufacturers to produce low-emission vehicles, including a certain number of ZEVs (battery electric or fuel… Read more »
Search Results Found For: "Tesla ZEV credits"
Nissan joins Tesla as seller of ZEV credits
California hopes to have 1.5 million zero-emission vehicles on the road by 2025. To this end, the state’s zero-emission vehicle (ZEV) program requires the six largest auto sellers to earn a certain number of credits from the sale of ZEVs (which in practice means electric vehicles). Companies that don’t sell enough of their own vehicles… Read more »
Tesla cleans up on California ZEV credits
California’s system of Zero Emission Vehicle credits appears to be working precisely as intended, according to the Los Angeles Times. The state’s Air Resources Board has mandated that 15% of new-car sales in 2025 consist of ZEVs, but the system allows companies that aren’t selling enough clean cars to meet the mandate to purchase credits… Read more »
Tesla selling EV credits to VW in China
It now appears that Tesla has been selling EV regulatory credits on three continents, and ironically Volkswagen, the legacy automaker that seems to be the most serious about electrification, has emerged as the latest buyer. Tesla has made a tidy little side business out of selling EV credits to automakers that couldn’t (or chose not… Read more »
Did poor Honda e sales spur the decision to buy EV credits from Tesla?
Emissions regulations in the EU are getting tighter, and the law provides for substantial fines for automakers that can’t comply—in some cases, as much as €2,375 per car sold. This is the reason that European EV sales have been soaring, and European automakers have a massive number of new electrified models in their pipelines (did… Read more »
Tesla reports fourth consecutive quarter of profit, is now eligible to join S&P 500
Tesla can’t seem to take a wrong turn these days—the company announced a second-quarter profit that sent the stock price soaring, and cleared the way for the California carmaker to be added to the S&P 500 stock index. Tesla has now been profitable for a full year on a GAAP basis, which is one of… Read more »
Fiat Chrysler to pay Tesla hundreds of millions for European emissions credits
Fiat Chrysler (FCA) has reached a deal with Tesla to count the California carmaker’s EVs as part of the FCA fleet in order to avoid paying fines for violating new European Union emissions rules. The Financial Times reported that the deal is worth “hundreds of millions of euros.” More stringent emissions standards will take effect… Read more »
Elon Musk: GM is in it for the CARB credits, will produce only 25,000 Chevy Bolts per year
As a plethora of pundits pontificate about Tesla and the hypothetical competition for its upcoming Model 3, many fall into error because they don’t understand the dynamic between Tesla, which exists to sell EVs, and the legacy automakers, which grudgingly sell a few in order to comply with government regulations. Elon Musk is happy to… Read more »
Tesla Supercharger V3 could have power output greater than “a mere 350 kW”
As EV ranges increase, charging levels are on the way up too. Phoenix Contact, EVgo and Porsche are among the companies developing more powerful charging systems. Naturally, Tesla has plans to outdo them all. In a recent tweet, Elon Musk hinted at something called Supercharger V3, which presumably will offer charging levels higher than the… Read more »
Changes to California ZEV rules could threaten Tesla income
As is the case with most government regulations, the California Air Resources Board’s Zero-Emission Vehicle rules are complex, and changing them tends to create winners and losers (and acronyms). CARB regulators are now considering changes to the rules that would make it harder for automakers to comply with ZEV targets by buying credits, rather than… Read more »