Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Tesla to earn $250 million from sales of California environmental credits]]>http://www.autoblog.com/2013/05/06/tesla-to-earn-250-million-from-sales-of-california-environmenta/http://www.autoblog.com/2013/05/06/tesla-to-earn-250-million-from-sales-of-california-environmenta/http://www.autoblog.com/2013/05/06/tesla-to-earn-250-million-from-sales-of-california-environmenta/#commentsFiled under: , , , ,

Tesla Model S

Tesla Motors is expected to release quarterly earnings figures within the next few days, and the Silicon Valley automaker is thought to have attained profitability for the first time ever. As it turns out, a good bit of that profit will reportedly come from the State of California.

According to an article from the LA Times, Tesla, which is reportedly on pace to sell 20,000 vehicles in 2013, receives as much as $35,000 in environmental credits from California for each Model S it sells. These credits can then be sold to other automakers that do business in the state but don't sell zero-emission vehicles of their own. Some experts believe Tesla could earn up to $250 million from such ZEV credits.

While profits from ZEV credits equals good news for Tesla, some experts and rival automakers aren't very pleased with California's strong-arm tactics when it comes to the sales of electric vehicles. "At the end of the day, other carmakers are subsidizing Tesla," said Thilo Koslowski, an analyst at Gartner Inc.

Mary Nichols, chairwoman of the California Air Resources Board, counters by saying, "We are in the air pollution business, not the car business... There is some jealously of Tesla going on here." Check out the entire article from the LA Times here, it's an interesting look into the inner-workings of the business side of the eco-friendly automotive marketplace.

Tesla to earn $250 million from sales of California environmental credits originally appeared on Autoblog on Mon, 06 May 2013 19:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>californiacarbelectric carteslatesla model szero emissions vehiclezev creditsMon, 06 May 2013 19:15:00 EST http://www.autoblog.com/feed/20559798/article-comments.xml http://www.autoblog.com/feed/2013/05/06/tesla-to-earn-250-million-from-sales-of-california-environmenta/20559798/article-detail.xml 20559798 http://www.blogcdn.com/green.autoblog.com/media/2013/04/tesla-model-s-sunset-628l_thumbnail.jpg http://www.blogcdn.com/green.autoblog.com/media/2013/04/tesla-model-s-sunset-628l.jpg <![CDATA[California lawmakers push for 1.4M zero-emissions vehicles on the road]]>http://www.autoblog.com/2011/12/15/california-lawmakers-push-for-1-4m-zero-emissions-vehicles-on-th/http://www.autoblog.com/2011/12/15/california-lawmakers-push-for-1-4m-zero-emissions-vehicles-on-th/http://www.autoblog.com/2011/12/15/california-lawmakers-push-for-1-4m-zero-emissions-vehicles-on-th/#commentsFiled under: , ,

Los Angeles smog

TheDetroitBureau.com reports that the California Air Resources Board (CARB) is out to change the zero-emissions-vehicle (ZEV) game again, this time revising its desired numbers for vehicle sales and prodding industry to make alternative fuels more available. From 2018 to 2025, CARB wants ZEVs to number 1.4 million sales every year. According to its numbers, by 2025, that would result in a decrease of 52 million metric tons of emissions.

But what good is a car that runs on hydrogen without convenient places to refuel? The Cleans Fuels Outlet part of its plan "would require oil companies to install hydrogen refueling stations." That part of the plan sounds like it will be rather expensive for someone, but according to CARB, somehow it won't be the consumer: CARB says residents will save $22 billion on fuel costs, 21,000 jobs will be created because of the move to different fuels, and a car buyer in 2025 would save $4,000 over the life of the car even with the extra cost of the tech.

What's more, in 2017, CARB - in conjunction with the Environmental Protection Agency - has released an emissions-level limit of 166 g/km for cars sold in the state. That would represent another 34 percent drop from the emissions levels targeted in 2016.

California lawmakers push for 1.4M zero-emissions vehicles on the road originally appeared on Autoblog on Thu, 15 Dec 2011 11:01:00 EST. Please see our terms for use of feeds.

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