Tag: ZEV credits
A change to the California Air Resources Board’s Zero-Emission Vehicle credit program will leave Tesla with four credits per car cold for the foreseeable future, down from seven credits for every Model S through 2013.
According to data released by the California Air Resources Board, CARB, Tesla Motors was the top seller of the zero-emission vehicle credits that regulatory board requires car makers to have if they want to sell cars in that state. Toyota was the top seller of hybrid-car credits.
Tesla sold 1,311.52 ZEV credits from Oct. 1, 2012, through Sept. 30 this year. Suzuki Motor Corp., the next biggest seller, transferred about 41 credits. Though Suzuki no longer sells cars in the United States, they still have credits accumulated from prior sales. Toyota transferred 507.5 plug in zero emission vehicle credits generated by its Prius hybrid. General Motors Co. acquired the same number as Toyota sold, so presumably GM bought them from its Japanese rival. (Read More…)
Tesla recently released financial figures that the company says demonstrate profitability. According to Automotive News, analysts have pointed out that some of Tesla’s revenue comes not from selling cars but rather by selling zero-emission credits to other car companies that want to do business under California’s clean-air regulations. If they want to sell cars in California, companies have to comply by either producing ZEVs or by obtaining credits from companies that make those vehicles. Now Nissan Motor Co, whose Leaf is the best selling electric car of all time, has joined Tesla in selling those credits. Tesla was able to sell those credits because they only make electric vehicles. Makers of conventional cars and trucks buy the credits to theoretically offset the pollution caused by those cars. Since Tesla has no such conventionally polluting cars to offset, they can sell their credits. Nissan executive VP Andy Palmer told reporters earlier this week that at this point Nissan has sold enough Leafs to cover its own needs to comply with the California Air Resources Board‘s rules and will now start selling surplus credits to other automakers. “We’ve got carbon credits to sell, and we’re selling them — California ZEV credits.” No details were forthcoming on time, price or to whom Nissan will sell their credits.