Quote:
Originally Posted by Car-Addicted
The real money in being a EV manufacturer is not in selling the cars, it's in selling the carbon credits to companies that can't obtain the the CAFE standards.
Tesla Hits Record High Sales from Carbon Credits at $1.79B
Elon Musk’s Tesla generated a substantial $1.79 billion from carbon credit sales last year, as revealed in their Q4 2023 and annual financial report, bringing its total earnings from such credits since 2009 to nearly $9 billion.
https://carboncredits.com/tesla-hits...dits-at-1-79b/
So the EPA sets a CAFE standard no one can obtain unless they produce almost all Electric cars. Companies like GM and Ford are forced to buy millions of dollars of carbon credits to avoid significant EPA fines. They in turn pass on that cost to the folks who buy their cars. People like Jeff Bezos understands the green grift and will position himself to to take advantage.  |
I don't disagree that this is a poor practice but how about the lax CAFE rules on trucks? In what world should a Subaru Outback be classified as a "truck". Until someone addresses the CAFE classification issues with light trucks, US society will continue to buy up poor MPG and heavier polluting trucks and SUVs. We can do better.