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Reuters
March 29, 2025
(Reuters) - Stellantis will buy credits from a "pool" led by Tesla (TSLA.O) also in 2025, to meet European Union's CO2 reduction requirements, despite Brussels giving carmakers three years to comply, the group's Europe head said on Saturday.
Carmakers facing tougher EU emissions rules this year agreed to pool their emissions and avoid hefty fines by having firms with lower electric vehicle (EV) sales buy Carbon Credits from segment leaders including Tesla and Polestar.
Stellantis, Europe's second largest carmaker, entered a pool led by Tesla, which also includes other competitors.
However, earlier this month the European Commission yielded to pressure from European manufacturers and allowed compliance based on a carmaker's average emissions over the 2025-2027 period, rather than just on 2025 as initially envisaged.
Asked whether Stellantis planned to use credits bought from Tesla this year, the group's head of European operations Jean-Philippe Imparato said: "I'll use everything".
Full article:
RELATED: Get Ready For The Republican Carbon Market
March 29, 2025
(Reuters) - Stellantis will buy credits from a "pool" led by Tesla (TSLA.O) also in 2025, to meet European Union's CO2 reduction requirements, despite Brussels giving carmakers three years to comply, the group's Europe head said on Saturday.
Carmakers facing tougher EU emissions rules this year agreed to pool their emissions and avoid hefty fines by having firms with lower electric vehicle (EV) sales buy Carbon Credits from segment leaders including Tesla and Polestar.
Stellantis, Europe's second largest carmaker, entered a pool led by Tesla, which also includes other competitors.
However, earlier this month the European Commission yielded to pressure from European manufacturers and allowed compliance based on a carmaker's average emissions over the 2025-2027 period, rather than just on 2025 as initially envisaged.
Asked whether Stellantis planned to use credits bought from Tesla this year, the group's head of European operations Jean-Philippe Imparato said: "I'll use everything".
Full article:
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www.reuters.com
RELATED: Get Ready For The Republican Carbon Market
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