The FCA’s CO2 payments in Europe alone will add another two billion francs to the Tesla cash register by 2023 – enough for Tesla’s gigafactory planned in Brandenburg, Germany.
As of this year, newly registered cars are only allowed an average of 95 grams of CO2 emit per kilometer. A limit value that Fiat Chrysler (FCA) would never meet with its current vehicle fleet. For this reason, the FCA Group and Tesla already agreed at the beginning of 2019 that Fiat-Chrysler could count Tesla electric cars to its own fleet in Europe until 2023, in order to reduce fleet consumption to what is permitted – and thus avoid the threat of billions in the EU.
–
Is that allowed?
Is that allowed? Yes! The EU allows automakers to use all of their fleets when calculating CO2– pool emissions. Not only within corporations (e.g. Volkswagen with Audi, Bentley, Bugatti, Lamborghini, Porsche, Seat, Skoda and VW), but also between non-affiliated companies – like FCA and Tesla, which formed a so-called open pool last February and this officially registered according to the EU.
–
FCA pays two billion
Of course, Tesla does not give up his contingent out of charity, but rather let the deal be gold-plated. There are no official figures, but there are talk of around two billion francs that FCA will pay Tesla by 2023. About the amount Tesla is investing in the construction of its Gigafactory near Berlin.
–
Similar deal in the United States
By the way: Tesla also makes a lot of coal in the USA in a similar way. The sale of so-called emission rights to other automakers is said to have earned the equivalent of over 100 million Swiss francs in 2018 and almost 280 million in 2017, according to the Financial Times. Since 2010, Tesla is said to have generated almost CHF 2 billion in sales. The buyers included General Motors (GM) and … Fiat-Chrysler (FCA).
—
Related