Credits for Tesla's electric vehicles might be worth Billions!

By Motogear Review

Monday, 12 September 2022 

According to California's Zero Emission Vehicle program, automakers must sell a certain percentage of all-electric or hydrogen fuel cells.

They will have to pay fines if they fail to meet the standard.

Image source:

But, there is big Good News! They can sell the vehicles to other noncompliant automakers if they have excess credits.

Tesla is experienced with using ZEV credits and is currently making billions of dollars.

Image source:

Tesla is now the major electric automaker in the US, selling regulatory credits to other automakers.

Image source:

Each credit brings in about $3,500 for Tesla.

If, as anticipated, automakers start to see a discrepancy in EV purchases as a result of the EV tax credit.

Image source:

Tesla has a massive gold mine of accumulated credits which is $2.6 billion. 

Image source:

Toyota Urban Cruiser hybrid – Get all details about the Self Charging Strong Hybrid EV

watch more stories