The Albanese government’s new vehicle emissions standards have sparked a war among manufacturers after electric car pioneer Tesla quit the key car makers lobby group claiming it was peddling falsehoods about the policy. Major electric car maker Volvo spin-off Polestar is also assessing whether it will stay on as a member of the Federal Chamber of Automotive Industries (FCAI).
But industry experts said Tesla, owned by billionaire Elon Musk, also had a vested interest in the policy going ahead without amendment, given it stands to make about $200 million by selling credits to manufacturers of fuel-driven cars trying to meet the emissions caps the government will impose.In the United States in 2023, Tesla made $US1.79 billion ($2.7 billion), or almost a third of its profit, from selling credits to other manufacturers under that nation’s emissions schem
Tesla Car Makers Lobby Group Emissions Policy Vehicle Emissions Standards Polestar Government Manufacturers Fuel-Driven Cars Emissions Caps
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