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Tesla will earn billions in carbon credits while GM, Ford and Stellantis will have to pay tens of billions in penalties.
- Thread starter syed putra
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Transportation
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Vehicles on Interstate 80 in Richmond, California.
Photographer: David Paul Morris/Bloomberg
By Keith Laing
3 October 2023 at 04:26 GMT+8
General Motors Co., Ford Motor Co. and Stellantis NV face a combined $10.5 billion in fines from 2027 to 2032 under stricter proposed average fuel economy rules that target SUV and truck manufacturers, according to an estimate from their Washington-based trade group.
The US National Highway Traffic Safety Administration has proposed a fleetwide average mandate, known as the Corporate Average Fuel Economy standard, of about 58 miles (93 kilometers) per gallon by 2032. The more stringent rules are part of a Biden administration effort to cut emissions and accelerate the country’s transition
Transportation
SUV Makers GM, Ford and Stellantis Face $10.5 Billion in Fines Under Stricter Fuel Rules
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Vehicles on Interstate 80 in Richmond, California.
Photographer: David Paul Morris/Bloomberg
By Keith Laing
3 October 2023 at 04:26 GMT+8
General Motors Co., Ford Motor Co. and Stellantis NV face a combined $10.5 billion in fines from 2027 to 2032 under stricter proposed average fuel economy rules that target SUV and truck manufacturers, according to an estimate from their Washington-based trade group.
The US National Highway Traffic Safety Administration has proposed a fleetwide average mandate, known as the Corporate Average Fuel Economy standard, of about 58 miles (93 kilometers) per gallon by 2032. The more stringent rules are part of a Biden administration effort to cut emissions and accelerate the country’s transition
this has been going on forever. The only reason that Tesla is doing well is that for every car or truck the big 3 sell, they have to pay thousands to Tesla. Tesla doesn't have to do a damn thing. Absurd.
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