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Tesla receives permission to trade emission credits in South Korea

Teslarati

This marks a significant development for the electric vehicle maker, as it will allow the company to generate additional revenue in the South Korean market. If they exceed the amount, they must pay a fine of 50,000 won per gram/km ($36 per gram/km) or purchase emission credits from other companies.

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Tesla wins Autopilot, FSD “misleading” marketing lawsuit in Germany: report

Teslarati

Back in 2020, a Munich court ruled that Tesla was employing misleading marketing strategies in Germany due to the company’s use of the words “Autopilot” and “Full Self-Driving” for its advanced driver-assist systems. The post Tesla wins Autopilot, FSD “misleading” marketing lawsuit in Germany: report appeared first on TESLARATI.

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Nikola announces $200M convertible senior notes investment; approx. $1B cash and liquidity position

Green Car Congress

Nikola Corporation announced that an institutional investor has agreed to make a $200-million investment in Nikola through the purchase of Convertible Senior Notes. Funds advised by Antara Capital LP have agreed to purchase $200 million aggregate amount of 8.00% / 11.00% Convertible Senior Notes due 2026. Citigroup Global Markets Inc.

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Current issue of fka/Roland Berger E-mobility Index drops US to 4th place

Green Car Congress

The index—now in its tenth year—facilitates a comparison of competitive positions of the relevant automotive nations (the US, Germany, China, France, Italy, Japan and South Korea) in the field of e-mobility, based on an objective assessment of those countries in three key areas: technology, market and industry.

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OPEI files legal challenge to EPA E15 misfueling rule

Green Car Congress

The Outdoor Power Equipment Institute (OPEI), along with automakers and marine manufacturers, filed a legal challenge to the US Environmental Protection Agency’s (EPA) “Regulation to Mitigate Misfueling” rule which was meant to address concerns about 15% ethanol blends in non-road products and older model-year vehicles. Earlier post.).

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Dealer Groups are Up In Arms About Potential for Scout and Sony Afeela to Sell Cars Directly to Buyers

The Truth About Cars

They warned that federal and local laws could prohibit selling directly to consumers and said that the groups could pursue legal options if they attempted to do so. Executives from the automakers have dodged questions about the situation, noting that they wanted to leave their options open as market conditions evolve.

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Pacific states and BC agree to align GHG and clean energy policies; targeting 10% new vehicle ZEV purchases by 2016

Green Car Congress

The agreement has no legal effect and imposes no legally binding obligation. Washington will set binding limits on carbon emissions and deploy market mechanisms to meet those limits. Taking actions to expand the use of zero-emission vehicles, aiming for 10% of new public and private vehicle purchases by 2016.

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