Search Results Found For: "zev credits"

California: Smaller automakers can earn ZEV credits with PHEVs (UPDATED)

For several years now, the California Air Resources Board’s ZEV mandate has required the largest automakers to produce a certain number of zero-emission vehicles for sale in the state. Beginning in 2018, smaller OEMs will be subject to the rules, too. Unsurprisingly, these companies would rather skip it, and at a May hearing, Jaguar Land… Read more »

Tesla leads in sales of California ZEV credits

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 »

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 »

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 »

Nine-state coalition releases updated ZEV action plan

The Multi-State ZEV Task Force, which coordinates the ZEV regulations of nine Northeast and West Coast states, has released a new ZEV Action Plan for 2018-2021. The current “ZEV states” are California, Connecticut, Maryland, Massachusetts, New York, Oregon, Rhode Island, Vermont and recent entrant New Jersey. (Colorado’s governor just signed an executive order committing the… Read more »

Québec issues final regulations for ZEV mandate

Québec Minister of Sustainable Development Isabelle Melançon has issued the final regulations in support of Bill 104, a new law designed to increase the number of zero-emission vehicles in the province. Québec is the first Canadian province to adopt a ZEV mandate. As of today, close to half the Canadian ZEV fleet is located in… 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 »