TSLA - Tesla's Environmental Stand To NHTSA: Wants To Eliminate Off-Cycle Credits and Boost Fuel Economy Standards | Benzinga
Tesla, Inc. (NASDAQ: TSLA) has urged the National Highway Traffic Safety Administration to implement a fundamental emphasis on conserving energy and the environmental impacts of fossil fuel use.
The company has also called out the NHTSA to eliminate all off-cycle credits starting in 2027, according to a comment made by the firm in an online post.
The credit system allows automakers to offset sales of gas-powered vehicles with credits from electric vehicles, according to a news report by Bloomberg.
Under this system, vehicle manufacturers have been permitted to claim an equivalent of over 100 miles (161 kilometers) per gallon for each electric vehicle (EV) they ...