Source: Reuters
“Automakers facing tougher European Union 2025 emissions rules are planning to buy carbon credits from electric vehicle companies including Tesla, opens new tab and Polestar to avoid hefty fines, an EU filing showed on Tuesday. Companies with lower EV sales can ‘pool’ their emissions with segment leaders, purchasing emissions credits from other manufacturers to lower their overall averages. The move could save them hundreds of millions of euros in penalties. Stellantis, Toyota, Ford, Mazda and Subaru are planning to pool carbon emissions with U.S. electric vehicle maker Tesla to comply with the EU’s 2025 rules, the EU filing showed. Another pool is forming around Germany’s Mercedes, with Polestar, Volvo Cars, and Smart, the same document showed. Automakers such as Tesla and Polestar, whose sales are 100% fully electric, can sell their surplus carbon credits to other manufacturers pooling with them.” (01/07/25)