the European Union has generated $302.3m in revenue over five years from rival car makers due to a system in California that requires car makers to sell electric and other non-polluting vehicles in proportion to their market share. If manufacturers fail to sell enough they are required by law to purchase credits elsewhere – from competitors such as Tesla that sells only battery-powered models. Tesla Inc. has generated nearly $1 billion in revenue the last five years from an unlikely source: Rival automakers. Tesla sold almost $1bn in regulatory credits last year alone and dominates the electric vehicle industry. California and Tesla are considering adopting a credit system similar to California ’s.
the European Union has generated $302.3m in revenue over five years from rival car makers due to a system in California that requires car makers to sell electric and other non-polluting vehicles in proportion to their market share. If manufacturers fail to sell enough they are required by law to purchase credits elsewhere – from competitors such as Tesla that sells only battery-powered models. Tesla sold almost $1bn in regulatory credits last year alone and dominates the electric vehicle industry. California and Tesla are considering adopting a credit system similar to California ’s.