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

Teslarati

The money Tesla makes due to other carmakers needing assistance to reach emissions standards continues to accumulate, and since 2009, it has made almost $9 billion in revenue because of the system. However, that was in 2020. billion in credits in both 2022 and 2023, while 2020’s total was $1.58

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European automakers request 6-month postponement of new Euro standards due to COVID-19

Green Car Congress

These vehicles meet current emission standards but not the new standards that will enter into force in the coming months. FCM for passenger cars and light vans (currently 1 January 2021); Euro VI Step E for trucks; and. the general safety regulation (clusters A and B). 19 has caused a significant build?up

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

Cumulative electric vehicle sales and production from 2010 through 2020, in major regions (based on EV-Volumes, 2021). Based on company announcements through 2020, about 5% of this global total is actively being invested in local US assembly plants. Source: The ICCT. In terms of annual EV production, Europe’s 1.1

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IHS forecasts global EV charger market to grow to more than 12.7M units in 2020

Green Car Congress

million units in 2020, according to a new EV Charging Infrastructure report by IHS Inc. Japan has more than 2,800 DC fast charging stations, using CHAdeMO, the Japanese fast-charging standard. Europe and North America also have their own fast charging standard, Combined Charger System (CCS).

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Citi report finds meeting higher CAFE/GHG standards likely to bring higher profits for all automakers, nearly $2.5 billion in extra profits for Detroit Three

Green Car Congress

Projected US sales by powertrain type in 2020. Source: “Fuel Economy Focus: Perspectives on 2020 Industry Implications”. The report, “Fuel Economy Focus: Perspectives on 2020 Industry Implications,” evaluates the impact that meeting the proposed fuel economy/GHG standards would have on the car industry in the year 2020.

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Stellantis Points Blame at California for Layoff Announcement

The Truth About Cars

Stellantis, whose brands include Jeep, Dodge, Chrysler, and Fiat, recently announced layoffs that it blamed on the selective application of California Air Resource Board (CARB) rules. Stellantis’ issue is that the state worked with BMW, Ford, Honda, and Volkswagen in 2020 to agree to a different playbook.

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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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