June 6, 2023

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Jaguar Land Rover Needs Help From A Staunch Rival Just To Survive

The report didn’t make clear exactly how much JLR will contribute to be included in the pool this year. Last year, it had to fork over about $50 million. So far this year, Tesla has a little more than $1 billion in regulatory credit revenue globally. The newly Texas-based EV automaker has been selling emissions credits to rival automakers for years. It’s actually been a win-win situation.

Tesla earns a lot of money simply because it’s an EV automaker only while competitors purchase credits for a lot less money than regulatory fines. Another example of this successful arrangement involves FCA, which struck a $2 billion deal with Tesla in 2019 to pool its European sales.