Although the Biden administration's attitude towards Tesla has always been very cold, and the White House has not invited Musk to attend several electric car conferences, the latest policy has made Tesla successful.
The National Highway Traffic Safety Administration (NHTSA) announced an increase in fines for cars that produce high-emission models, leaving many traditional automakers facing hundreds of millions of dollars in fines, with Tesla as the biggest winner.
For example, Chrysler, which sells a wide range of fuel-efficient models such as SUVs and pickups, has faced a $572 million fine for its parent company, Stellantis. This will also force Stallantis to buy more carbon credits from electric vehicle companies such as Tesla, increasing the revenue of these electric vehicle companies.
The rule was introduced in 2016, and the Obama term decided to more than double the penalty from 2019, but the Trump term postponed the effective date of the regulation to 2022, so car companies are exempt from this penalty from 2019 to 2021.
Now that the court is reviewing, penalties may be reinstated for high-emission models produced between 2019 and 2021. According to the regulations, the fine for high-emission models produced during the 2019-2021 period is $14 per vehicle, and the fine for vehicles produced in 2022 is increased to $15 per vehicle.
After the regulation was introduced in 2016, it was opposed by traditional car companies, who claimed that the policy would increase the cost of the auto industry by at least $1 billion a year. NHTSA expects vehicles produced in 2019 to face $294 million in fines to be paid.
Although the fine cannot be escaped, they also expressed their attitude to the government, hoping that the fine can be used to invest in electric vehicles, batteries and charging infrastructure, rather than become ordinary financial funds.
As for how much the new rules will increase Tesla's revenue, it is uncertain, but it is certain that it will be the biggest winner of this new US policy.
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