The deal, the first of its kind to be reported between the two companies in China, highlights the scale of the task Volkswagen faces in transforming its huge petrol carmaking business into a leader in electric vehicles to rival Tesla.
Manufacturers are awarded green credits that can be offset against negative credits for producing more polluting vehicles. They can also buy green credits to ensure compliance with overall targets, though trade is usually between affiliated companies that share a major stakeholder. The ventures’ gasoline sedans and SUVs have so far proved far more popular in China than their electric vehicles.
a few weeks before biden took office EU signed CAI with ccp despite calling china out over hongkong days earlier. total hypocrisy led by Merkel & german auto sector like HerbertDiess ceo vw who can’t see genocide WATCH: audi Volkswagen Voltswagen
The rich can buy exemptions for their pollution whereas poor people can't, and it's poor people who suffer.
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