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Tesla and Jaguar Land Rover partner in CO2 to avoid EU emission fines

Teslarati

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

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Tesla’s 2023 regulatory credits generate $1.79 billion in revenue

Teslarati

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

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Tesla doesn’t need to worry about losing EV credits from Stellantis: report

Teslarati

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.

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Tesla’s rumored sale of regulatory credits to VW to last ‘two to three years’

Teslarati

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.

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European auto industry proposes further 20% cut in passenger car CO2 by 2030 from 2021; conditional on EV uptake and infrastructure; no ZEV mandate

Green Car Congress

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.

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Compliance credits for EVs undergoing reduction 

Electric Auto Association

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.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

Daimler/Mercedes Took over Daimler/Chrysler Sprinter PHEV program. Reuters ) 11/29/06 [In response to GMs announcement at the LA Auto Show], Chrysler Group sales chief Joe Eberhardt, talking to a clutch of reporters later, said his company has no plans for a plug-in at this time. ( Auto-week ) 5/10/07 "Toyota Motor Corp.

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