Honda pools CO2 fleet emissions with Tesla and FCA

Honda pools CO2 fleet emissions with Tesla and FCA

Honda has officially joined Fiat Chrysler Automobiles (FCA) and Tesla to pool CO2 fleet emissions in order to avoid being fined by the European Commission. This will help the Japanese automaker meet the tough 95 g/km fleet average CO2 target.

Based on the rules, companies with a high number of emissions credits (earned by selling low CO2 models such as EVs) may sell them to other automakers that are struggling to meet their CO2 targets, Autocar reports. Pooling these credits allow several auto companies to combine their fleet emissions as one.

This of course costs money. Tesla reportedly made over US$1.4 billion (RM5.82 billion) between 2016 and 2018 just by selling these credits to other US car manufacturers. The FCA spent hundreds of millions to purchase credits from Tesla, and in doing so avoided billions in fines. Honda will do the same, but no figures have been disclosed as yet.

Besides Honda, Ford also entered into a CO2 pooling agreement with Volvo and Polestar. Toyota and Mazda are also expected to do the same, though it’s unclear which will take up Renault’s CO2 pool offer.

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Matthew H Tong

An ardent believer that fun cars need not be fast and fast cars may not always be fun. Matt advocates the purity and simplicity of manually swapping cogs while coping in silence of its impending doom. Matt's not hot. Never hot.

 

Comments

  • donno on Nov 03, 2020 at 9:57 am

    So can this concept be used for exams too?

    Students on the brink of failure to pay top scoring students to combine their marks so that they could pass?

    Like or Dislike: Thumb up 13 Thumb down 1
    • Ahmadjr on Nov 03, 2020 at 10:27 am

      Yes bolehh, Cash is king now. Proton boleh pooling agreement with Volvo and Polestar.

      Like or Dislike: Thumb up 1 Thumb down 0
  • Not Tesla Fans on Nov 03, 2020 at 10:00 am

    95g/km CO2 easily achieved lower by some gasoline vehicles.

    Why Honda is making air polluting 2 door kancil, prffft.

    Like or Dislike: Thumb up 4 Thumb down 1
 

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