(Source: Tesla)
In the United States, Tesla, Rivian and other car manufacturers EV see billions of dollars in revenues, as the United States officially put the end of the emission credit market.
As we mentioned above, the “big bill” recently adopted by Trump should have many impacts on the electric vehicle sector in the United States.
The main one is the abolition of the federal tax credit for the purchase of electric vehicles on September 30.
Another change is the end of the application of sanctions for car manufacturers with a lower average fuel saving – aka those that produce more gourmet gas vehicles and fewer electric vehicles.
This change is now already entirely in force.
The National Highway Traffic Safety Administration (NHTSA) has officially ceased to publish letters of compliance with car manufacturers for violation of fuel economy standards. This eliminates the credit market under the standard of the average fuel economy of fuel (CAFE).
Motor manufacturers who do not comply with CAFE rules had to pay fines or buy credits from other car manufacturers who had a surplus, mainly those who only sell electric vehicles, such as Tesla, Rivian and Lucid.
These car manufacturers would sell credits for less than fines, but now that the Trump administration has officially eliminated penalties, it has officially killed the credit market.
Many car manufacturers had offers to buy credits and after the adoption of the “big beautiful bill”, it was not clear if these offers would continue or if
The Zero Emission Transportation Association (ZETA), an EV commercial group, filed a request for the American Court of Appeal to force the NHTSA to take up the letters.
In the comments attached to the petition, Christopher Nevers, director of Rivian’s public policy, said that the company is unable to finalize its credit agreements due to the NHTSA decision to end the issuance of letters of conformity, resulting in a loss of $ 100 million in income.
Rivian is no longer expecting credit income at the coffee this year.
An NHTSA spokesperson said that he would amount to issuing letters of conformity after examining coffee standards (via Investing.com):
“The NHTSA focuses on the fixing of coffee standards to make cars more affordable again. Once this process is finished, we will be back to emit letters of compliance with manufacturers. ”
But it is important that this happens under the Trump administration.
Ironically, the automaker most affected by this change is Tesla, whose CEO has donated hundreds of millions to Trump’s campaign.
In the last four quarters, Tesla declared nearly $ 2.5 billion in regulatory credits, which represented a large part of its net income during the period.
These are global income for regulatory credit, and the automaker does not disclose which part comes from the United States, but it is estimated that half comes from its American sales.
Electrek taking
It’s a sad day. It was a direct transfer of money from companies that contribute to deadly pollution to companies that try to reduce this pollution.
It was undeniably a good thing, and we already see car manufacturers slowing down their electric vehicle plans in the United States.
Yesterday, I asked Honda leaders what they think is the main reasons for the slow adoption of electric vehicles in the United States, and their response was categorical: “political”.
It is not only real policies, but the uncertainty and constant changes that make it difficult to deploy a clear strategy.
In my opinion, electric vehicles are the higher product, and car manufacturers should endeavor to deliver the best possible product. However, societies have different objectives and I understand that these policy changes make it difficult to function.
The result is that the United States will gain more delay in electric vehicles while the world is advancing at full speed.
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