The electric-car maker led by Elon Musk was the top seller of California zero-emission vehicle credits in the past year as Toyota led hybrid-car credit trades, according to a state tally.
Tesla transferred 1,311.52 ZEV credits from Oct. 1, 2012, through Sept. 30 of this year, 32 times the number of Suzuki, the next biggest seller, according to a California Air Resources Board report yesterday. Toyota transferred 507.5 AT PZEV credits, those generated by its Prius hybrid, and General Motors acquired the same number, the report said.
Prices and specific trades between companies aren’t tracked by California, said Dave Clegern, a spokesman for the Sacramento-based agency. All automakers covered by the program are “in compliance and that to us is the goal,” he said.
California, with authority to set pollution rules that are more stringent than U.S. standards, requires automakers to sell electric or other non-polluting vehicles in proportion to their market share in the state. The state’s target is to get 1.5 million zero-emission vehicles on the road by 2025.
Each Tesla Model S, priced from $70,000 to more than $100,000, generates as many as seven ZEV credits, the maximum issued by California. That’s because of its driving range of as much as 300 miles (483 kilometers) per charge and ability to be rapidly refueled by swapping its battery pack with a charged one.
) - Friday, October 18th, 2013 - filed under News
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