It is possible what they say .... that GM is purchasing those credits just in case they need them in the future. But GM is one of the least in need of buying them, since they sell their own electric cars to help make up for those evil gasoline machines.
Tesla has no choice, they HAVE to sell every credit they can, at whatever price they can get, to get the cash. But GM could also be speculating in credits. In coming years, assuming the regulatory atmosphere tightens up, the value of those credits goes up. GM could flip those credits, and sell them for way more than they paid for them.
Last edited by CaptainDan; 06-04-2019 at 01:19 PM.
'16 Chevy SS
a 4 door Camaro
Emissions credit purchases should be limited so as to prevent manufacturers form thinking that they can build anything and then just wipe the slate clean by purchasing credits.
I find it bazaar that the EPA has regulated even efficient cars to the point of extinction by making manufacturers meet stepeling fuel economy targets. The other side of that manufacturers have followed the path of least resistance and systematically encouraged buyers over into higher profit trucks and Utilities knowing that it's easier to meet emissions.....
Last edited by jpd80; 06-04-2019 at 03:50 PM.
Is this supposed to be "breaking news"??? Tesla has been selling pollution credits for years and the fact that GM and FCA bought some is not a surprise.
Meanwhile, hybrid sales are up...toyota hybrids up 44% even though Prius is way down.
Current ride: 2015 Chevy Sonic 1.8L 5sp manual sedan
Previous ride: 1998 Subaru Legacy Wagon AWD 2.2L 5sp manual
Next ride: Maybe a 2020 2.0T CT4, weekend car, keep the Sonic as DD
Current: Hidden Content Hidden Content
Past: '17 Cruze; '15 F150; '14 Volt; '13 MKX; '13 Silverado; '13 Fusion; '11 Ram; '10 Commander; '08 Sierra; '07 Rendezvous; '05 Ram; '04 Grand Cherokee; '03 F150; '01 Silverado; '00 Jimmy; '99 Sierra; '97 Ram; '96 Mustang GT; '96 Jimmy; '90 Escort GT; '89 Ranger; '84 Omni; '76 Malibu; '78 LeMans; '85 Escort; '82 Lynx; '75 Sierra
wait for it...
...the SUPPLY of buyers is not there!
I disagree with the entire idea, but with this in place, there are limits. I am very much a no rules, Libertarian-type on this, but if politicians put this out there... they prove their ignorance yet again.
TESLA is still circling the drain, even WITH this subsidy. Undeniable. And, Trump is not going to extend a market gimmick like this. If they can't survive, the end is what it is. Unlike the Big 3, these guys have no pensions, no retirees to be hurt. Let them die the death of bad ideas... It is, after all, about making a profit.
Last edited by Chassis Guy; 06-05-2019 at 06:49 PM.