The US National Highway Traffic Safety Administration (NHTSA) has just announced the re-imposition of an increase in fines for vehicle manufacturers that fail to meet CAFE emissions requirements that the country introduced nearly 50 years ago. . It is known that under Donald Trump, this regulation had to be stopped.
NHTSA said that the decision “will increase liability for violating car manufacturers. After 60 days from the date of notice, the sanction decisions will take effect.”
In 2019, it was estimated that the government would collect more than fined manufacturers, but this action was not taken with models produced between 2019 and 2021.
Ford used to be controversial when using a small displacement turbocharged engine on a muscle car that is famous for its large displacement engine.
With this regulation, car manufacturers will need to see if their car model exceeds the standard emission threshold for each model. If so, the rate has now increased, from $5.50 to $14 per 0.1 MPG (MPG: Miles traveled per gallon of gasoline – a measure of fuel consumption; the larger the MPG number, the more economical it is. fuel economy) that the model exceeds the standard, then multiplied by the number of models sold.
The change in the fine level should have included an additional fine, but in fact, during the past nearly 50 years, this fine has only increased once. In this 2022, the fine is expected to increase to 15 USD; However, this figure is still “light” compared to inflation.
According to the US Inflation Calculator, an item that cost $5 in 1975 will now cost $26.37 in 2022. Of course, automakers still regularly oppose the regulation. This fine, said that this fine could have been used to develop more electric vehicle models, instead of having to go to the state coffers. However, it should also be mentioned that the White House plans to spend $ 7.5 billion to increase the number of public electric vehicle charging ports from about 40,000 to 500,000.
Stellantis (the parent company of about 14 car brands, including Dodge and Chrysler) may have to pay a fine of up to nearly $ 600 million.
According to separate estimates for 2019 models, NHTSA car manufacturers will be fined about 294 million USD under the new fine, instead of 115.4 million USD at the old level.
Another estimate shows that Stellantis will be one of the car manufacturers with large payouts, possibly up to about 572 million USD when calculating all penalties. Speaking of the fines, Stellantis said that it “would like to talk further with the regulator and Congress about using the money it has to pay to further bolster its investment in technology and facilities.” serving the poor tram system in the US”.
BIG OPPORTUNITY FOR ELECTRIC VEHICLE MANUFACTURERS
By continuing to impose an increase in penalties, Tesla and electric vehicle manufacturers in the US (including VinFast when its factories come into operation) will benefit greatly as their carbon credits will be valuable. than when sold to manufacturers who do not meet discharge requirements.
To put it simply, each year, car manufacturers are assigned a certain amount of credits. As a pure electric vehicle manufacturer, Tesla uses almost no credit and can completely sell to manufacturers that exceed government regulations. The income from selling these carbon credits has a return rate of almost 100%, because “capital” is not required but can still be sold.
In 2020, the profit from the sale of carbon credits alone brought Tesla an amount of up to 1 billion USD 580 million. According to the chart above, the profit from selling carbon credits seems to increase, but in reality, this may not be the case when other car manufacturers have more and more electric models, other electric car manufacturers have also joined. more entry into the market. However, the income from the sale of these carbon credits will be not small for electric vehicle manufacturers such as Tesla, VinFast.
at Blogtuan.info – Source: autopro.com.vn – Read the original article here
