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Trump's EPA is targeting key vehicle pollution rules. What that means for carmakers [Yahoo! Finance Canada]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
As part of a larger effort to undo climate-based governmental regulations , the EPA on Tuesday said it wants to revoke the 2009 finding that carbon dioxide and other greenhouse gases endanger public health and welfare. That would cripple the legal basis for limiting emissions from things like power plants and motor vehicles. President Donald Trump's massive tax and spending law already targets EV incentives, including the imminent removal of a credit that saves buyers up to $7,500 on a new electric car. The tax law approved in early July also includes another provision that will hit Tesla and other EV makers in the pocketbook — repealing fines for automakers that don't meet federal fuel economy standards. Automakers can buy credits under a trading program if they don't meet the mileage standards. EV makers like Tesla, which don't rely on gasoline, earn credits that they can sell to other carmakers. The arrangement has resulted in billions of dollars in revenue for Tesla and mil
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