Re:GM and Fiat Chrysler Unmasked as Tesla’s Source of Cash
by zaroth on Tuesday June 04, 2019 @09:27AM
(#20094768)
There’s uncertainty at the Federal level, but at the State level, the CA ZEV credits program (which has also been adopted by 9 other states representing in total ~30% of new car sales) will be the tail that wags the dog;
”Manufacturers are required to produce a number of ZEVs and plug-in hybrids each year, based on the total number of cars sold in California by the manufacturer. Manufacturers with higher overall sales of all vehicles are required to make more ZEVs. Requirements are in terms of percent credits, ranging from 4.5% in 2018 to 22% by 2025”
About 75% of GMs current credit balance comes from TZEV vehicles, but TZEVs are phased out and an increasingly large share of credits must be BEV going forward;
”Manufacturers are required to produce a number of ZEVs and plug-in hybrids each year, based on the total number of cars sold in California by the manufacturer. Manufacturers with higher overall sales of all vehicles are required to make more ZEVs. Requirements are in terms of percent credits, ranging from 4.5% in 2018 to 22% by 2025”
https://www.arb.ca.gov/msprog/zevprog/factsheets/zev_regulat...
About 75% of GMs current credit balance comes from TZEV vehicles, but TZEVs are phased out and an increasingly large share of credits must be BEV going forward;
https://cdn.motor1.com/images/mgl/VZ44G/s1/carb-zev-percenta...