FCA, GM Stocking Up On Tesla's Greenhouse Gas Credits

General Motors and Fiat Chrysler Automobiles have reportedly reached an agreement to purchase federal greenhouse gas credits from Tesla. While it’s common knowledge that the electric carmaker has raked in revenue by selling credits for years, disclosures with the State of Delaware help paint a clearer picture.

Apparently, GM filed to buy credits from Tesla earlier this year while FCA bought them on several occasions in 2016, 2018, and again earlier this year. Considering FCA’s American lineup, we’re not exactly quivering with disbelief. CEO Mike Manley could show up at a press conference, light a pool of gasoline on fire, and suggest it was Dodge’s new corporate model before we’d raise an eyebrow.

As unsurprising as FCA’s inability to adhere to present-day pollution mandates happens to be, there is a story here. The rising demand for greenhouse gas credits is changing the industry in some rather interesting ways.

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QOTD: Who Should Pay for Your New Car?

As comedian and secret smart guy Norm Macdonald states during his standup routines, “Now, I don’t want to get political, but…”

Of course, Norm then trails off into a topic that’s completely removed from politics, like waiters using a sexualized tone while describing succulent desserts. I’ll keep it toned down here, lest an uproar ensues. From time to time, the actions of governments raise questions pertaining to vehicles that we can discuss without freaking out, and this happens to be one of those times.

Anyway, it turns out I’ll no longer be paying for a minute portion of someone else’s Tesla purchase.

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Tesla Hits Delivery Threshold for Juicy Federal Tax Credit

Tesla Motors announced Thursday that it officially reached 200,000 deliveries this month, which is good news in terms of overall sales. But the figure also means the company has surpassed the threshold requiring that federal tax credits be phased out, which is bad news.

Some speculate that, without government incentives, fewer people will be willing to buy Tesla-branded vehicles. While that’s a possibility, the brand offers unique, trendy models not readily available elsewhere. We’d presume a discount on an iPhone would probably help sales as well, but affordability it isn’t the main reason people purchase them.

We’ll see what kind of impact it has on the automaker as the $7,500 federal electric vehicle tax credit for new owners is gradually phased out. It will also be telling for the electric vehicle market as a whole, as Tesla is the first EV producer to reach the limit.

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California Considering Making Electric Cars Cheaper at the Dealership

Federal tax credits for electric vehicles won’t last forever, especially under the Trump administration. While it’s difficult to quantify exactly how many people saw the $7,500 rebate as the deciding factor to “go green,” there is little doubt that it factored into the final purchasing choice of some buyers.

California has made the promotion of zero-emission vehicles a matter of great concern. With General Motors, Nissan, and Tesla all gradually approaching the 200,000-unit quota for vehicles eligible for the tax rebate, the state doesn’t want to see buyers lose purchasing incentives prematurely. With that, California is considering a bill that would provide discounts to EV shoppers at the time of purchase, essentially reducing the sticker price before the car even leaves the lot.

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Juggling Act: Tesla Will Have to Deal With a Tax Credit Gap

Much to the delight of EV fanatics and sandal enthusiasts around the world, Tesla reported last week that 325,000 people had placed refundable $1,000 deposits on its Model 3 sedan. Even pessimistically projecting a defection rate of 25 percent, that’s still nearly a quarter of a million cars which need to be built and delivered starting late next year.

Industry analysts have nattered at length about the logistics of the mass order and Tesla’s ability to pull it off. However, there is a new obstacle on the horizon, this time involving the core reason many have given for reserving a Model 3: tax credits.

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Federal EV, PHEV Tax Incentive May Increase To $10K

Is the $7,500 federal tax incentive not enough to consider owning a new green machine? If President Obama has his way, that figure could climb to $10,000.

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Toyota Marketing Mirai With $8K Hydrogen Credit Despite Expiration
Nissan Looking Beyond Federal Credits For Leaf

Though Nissan has sold over 77,000 Leafs since 2010, the automaker has plans for when the federal credits end with the 200,000th unit of the popular EV.

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113th US Congress Leaves $8K Hydrogen Credit On The Table

For the few who will be purchasing a Toyota Mirai in 2015, you may be out of luck as far as tax savings are concerned. For now, anyway.

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Sen. Reid Calls Upon Congress To Raise EV Tax Incentives

For the past three years, President Barack Obama has called upon Congress to raise tax incentives for electric vehicles from $7,500 to $10,000, with those calls going unanswered.

This year, the top Democrat in the U.S. Senate is taking the charge.

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CA, MD Extend EV/PHEV Credit Programs, Federal Credit Increase May Follow

EV and PHEV owners in California and Maryland will be able to enjoy credits for the foreseeable future for going green, while one representative in Congress wants to up federal tax credits to $10,000.

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  • ToolGuy "Having the dual sliders has been amazing as it let's me and my wife have our own "sides" of the van to prep for rides/races."Who goes on the traffic side??
  • ToolGuy "I caught a little bit Saturday, but Sunday it seemed impossible to find on my cable. I think it was streaming on Peacock, which I have, all weekend, so I could've watched it that way. I'm not complaining, to be clear, since I could've popped Peacock on and yet I chose to watch something else."Being you sounds like a real chore. 😉
  • ToolGuy If it is the longer-wheelbase version, good. (If not, it isn't.)
  • ToolGuy "circumvent(ing) dealerships" should be illegal.Does "circumventing" mean spending my money there?
  • ToolGuy If my head gets flatter I might consider this.