Transportation
Tesla Poised for $1 Billion Windfall From EU’s Emissions Curbs
- EV maker will pool its fleet with Toyota, Stellantis, Ford
- Renault says emissions rules are weakening European industry
Tesla will pool the fleet of electric vehicles it sells this year with at least five other manufacturers.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Tesla Inc. could collect more than €1 billion ($1 billion) in compensation from rival automakers that need help meeting tougher pollution standards in the European Union this year, UBS Group AG analysts said.
The US company will pool the fleet of electric vehicles it sells this year with at least five other manufacturers, led by Toyota Motor Corp., Stellantis NV and Ford Motor Co., according to an EU document issued Tuesday. The arrangement allows carmakers to average out the emissions of their fleets, with those selling fewer EVs compensating companies like Tesla that over-comply with limits on carbon dioxide emissions.