Filed under: Uncategorized | Tags: carbon credits, climate change, electric cars, EV, Honda Fit EV, PEV, Tesla, transportation
Honda is not selling the Fit EV with gas under 4$/gal. Lowered their lease price by one third.
Under a complicated formula that varies by state, automakers earn “zero emission vehicle” credits for each electric vehicle they sell or lease, and they’re expected to rack up a certain number of credits each year. Not all green cars are equal: All-electric models such as the Fit EV are worth more credits than plug-in hybrid models with gasoline engines like the Volt. The number of credits the carmakers must earn rises each year, and the companies face fines for falling short. (They can buy credits from other companies, such as electric-only Tesla Motors (TSLA), that sell too few cars to be subject to regulation yet still earn credits which they are allowed to sell. Tesla made $85 million selling California and federal credits in the first quarter of 2013.)
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