An interesting revenue source for Tesla...
"Fiat Chrysler Automobiles (FCA) has struck a deal with Tesla to count the Silicon Valley automaker’s cars as part of its fleet in the European Union, lowering FCA’s average emissions output ahead of strict new EU regulations coming in 2021. Tesla will make “hundreds of millions of euros” from the sale of these emissions credits, according to the Financial Times.Fiat Chrysler will pay Tesla to dodge billions in emissions fines | The Verge
The scheme resembles the way regulatory credits can be bought and sold in the United States, which has been a steady (if relatively small) business for Tesla for many years. The electric automaker made $103 million selling emissions credits in 2018, $280 million in 2017, and $215 million in 2016, according to a recent financial filing.
FCA, which owns brands like Jeep and Dodge, announced in mid-2018 that it plans to spend 9 billion euros (or just over $10 billion) by 2022 to add more electric and hybrid cars to its lineup. But analysts have said that is likely not enough to avoid billions of euros in fines for exceeding the EU’s target, which is 95 grams of CO2 per kilometer average across a carmaker’s whole fleet. In 2018, Fiat Chrysler’s average was estimated at 123 grams per kilometer."
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