GM and Fiat Chrysler disclosed to the state of Delaware earlier this year that they had reached agreements to buy federal greenhouse gas credits from Tesla.
A battery is lifted into place for installation in the Chevrolet Bolt EV at the GM Orion Assembly plant in Orion Township, Mich.
The deal with GM will come as a surprise to those who thought years of sales of plug-in hybrid Chevrolet Volts and all-electric Chevy Bolts would leave the largest U.S. automaker in the clear with regard to regulatory compliance. But although sales of those models have put GM in a position where it doesn’t need extra credits today, demand for its battery-powered vehicles is dwarfed by demand for its gas-guzzling trucks and SUVs.
In four separate filings, Fiat Chrysler disclosed agreements to buy credits from Tesla that were reached in 2016, 2018 and earlier this year. Eric Mayne, a spokesman for the Italian American automaker, said U.S. standards were getting stricter at a pace that “far exceeds” the level of consumer demand for electric cars that is required for compliance.
GM’s credit purchases illustrate how challenging the U.S. fuel efficiency requirements are getting, even for automakers that are adding more zero-emission vehicles to their lineup. In March, Chief Executive Officer Mary Barra announced the company would spend $300 million and add 400 workers at its plant north of Detroit where the Chevy Bolt is built to add production of another fully electric model.Although all automakers complied with U.S.
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