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Published on April 7, 2019 |
by Zachary Shahan
April 7, 2019 by Zachary Shahan
We sometimes joke about people who say, for 11 years, that Tesla will die every day. The truth is, it's almost unbelievable that Tesla actually survived and how quickly she became so big and influential.
Fiat has been on the flipside of the electrification story, usually eager to avoid it, deny it, postpone it and complain about it.
One of the things that has helped Tesla somewhat over the years has been California's clean transportation policies, which require manufacturers to switch to electricity … or buy credits from a manufacturer that has sold more of electric vehicles as necessary. The automaker that sells these? Tesla, of course. The sale of these credits has allowed Tesla to generate little revenue over the years.
"There is a new game in town. Europe has increased its requirements for clean vehicles. Again, some big builders are not ready to meet them. The news today is that Fiat has basically lifted the white flag and partnered with Tesla to minimize its costs, "said the president. Financial Times reports (h / t Alter Viggo).
Fiat Chrysler Automobiles has agreed to pay Tesla hundreds of millions of euros. The vehicles of the manufacturer of electric vehicles are therefore counted in its park to avoid heavy fines for breaking the new European rules binding issue. This initiative will allow FCA to offset the CO2 emissions of its cars compared to Tesla's, reducing its average figure to an authorized level. From next year, the EU's target for average CO2 emissions from cars is 95g per kilometer. In 2018, average emissions were 120.5 g per kilometer, according to data provider Jato Dynamics. According to UBS, the FCA recorded an average of 123 g FCFA last year, pointing out that the automaker had "the highest risk of not achieving the goal". "
It seems that rather than being fined (potentially), Fiat will pay hundreds of millions of tons to Tesla.
Some see it as a bad move. Allowing Fiat to drag its feet is considered a dangerous move. Critics say that Fiat should be forced to pay fines or get by with electricity.
The flip side might be that stimulating Tesla financially is more interesting at the moment. Tesla, no doubt, is pushing the auto industry to electrify much faster than it would have done by itself. In fact, it is possible that the European regulations binding Fiat to pay fines or to buy credits from Tesla are not as strong if they did not prove that consumers really want competitive electric cars and that they can do it. product.
Giving hundreds of millions of euros to Tesla could help keep the young company in a financially stable form, could accelerate its development and could even speed up the construction of a Tesla Gigafactory in Europe. In the end, does the financial boost given to Tesla have more value than Fiat meets the minimum requirements for emissions? Or is Tesla going well and would it be better to force Fiat to electrify faster, shut down or go to the market itself? It's a complicated math to do.
What seems clear, however, is that Europe is becoming more and more serious about electric transport, and Tesla is once again ready to take advantage of it while continuing to do its utmost to get clean air and stable climate.
Any other thoughts on this tango between Tesla and Fiat? Assumptions about other automakers that Tesla could bail out (and profit from) in the best of all Europeans?
Images of Tesla and the Tesla Shuttle
About the author
Zachary Shahan Zach tries to help the society to help herself (and other species). He spends most of his time here CleanTechnica as director and editor. He is also the president of Important media and the director / founder of Obsession EV and Solar love. Zach is recognized worldwide as an expert in electric vehicles, solar energy and energy storage. He has lectured on clean technologies at conferences in India, the United Arab Emirates, Ukraine, Poland, Germany, the Netherlands, the United States and Canada.
Zach has long-term investments in TSLA, FSLR, SPWR, SEDG and ABB. After years devoted to sun protection and electric vehicles, he simply has confidence in these companies and has the impression that they are good clean tech companies in which to invest. it does not offer any professional investment advice and can not be held responsible for your loss of money, so do not rush.
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