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Stellantis expects to hit emissions target without Tesla's help

Franco-Italian carmaker Stellantis expects to achieve its European carbon dioxide (CO2) emissions targets this year without environmental credits bought from Tesla, its CEO said in an interview published on Tuesday. Stellantis was formed through the merger of France's PSA and Italy's FCA, which spent about 2 billion euros ($2.40 billion) to buy European and U.S. CO2 credits from electric vehicle maker Tesla over the 2019-2021 period. "With the electrical technology that PSA brought to Stellantis, we will autonomously meet carbon dioxide emission regulations as early as this year," Stellantis boss Carlos Tavares said in the interview with French weekly Le Point. "Thus, we will not need to call on European CO2 credits and FCA will no longer have to pool with Tesla or anyone." California-based Tesla earns credits for exceeding emissions and fuel economy standards and sells them to other automakers that fall short. European regulations require all car manufacturers to reduce CO2 emissions for private vehicles to an average of 95 grams per kilometer this year. A Stellantis spokesman said the company is in discussions with Tesla about the financial implications of the decision to stop the pooling agreement. "As a result of the combination of Groupe PSA and FCA, Stellantis will be in a position to achieve CO2 targets in Europe for 2021 without open passenger car pooling arrangements with other automakers," he added. Tesla's sales of environmental credits to rival automakers helped it to announce slightly better than expected first-quarter revenue this week. The next tightening of European regulations will soon be the subject of proposals from the European Commission. The 2030 target could be lowered to less than 43 grams/km. Related Video: Government/Legal Green Alfa Romeo Chrysler Dodge Fiat Jeep Maserati RAM Tesla Citroen Peugeot Emissions Stellantis

NY Gov. Cuomo in favor of revived anti-Tesla store legislation

When we last left the New York auto dealers and their fight against Tesla Motors, there scene was an uneasy ceasefire. The New York State Assembly and its backers from the Greater New York Automobile Dealers Association said last summer that they would allow the three currently operating Tesla stores to continue operating but would pick up the issue again when the legislature reconvened in early 2014. Well, guess what? That time has come a new bill is being promoted that tries once again to stop the California automaker from selling its electric vehicles in its non-traditional way. The dealers say the bill doesn't target EV companies unfairly. Capital New York says representatives of the state's dealers have met with Governor Andrew Cuomo about the new bill and he apparently said he would sign it if it reaches his desk. The dealers say the bill doesn't target EV companies unfairly and just asks them to play by the same rules as everyone else, which means selling cars through traditional dealerships. Tesla says that traditional dealerships don't work for EVs and currently sells its Model S out of small stores in places like shopping malls. Actor Mark Ruffalo (best known as the Hulk in the recent Avengers movie) tweeted his support, saying that EVs are good for New York and that what the bill is trying to do is akin to stopping Apple from selling its products directly to customers. He also asked his many, many Twitter followers to call and oppose the bills. Tesla is fighting against similar laws and proposals in many other states, including Texas and Ohio. We have asked Tesla for a comment on the new New York legislation and will update this post if we hear back.

Demand for electric car rentals unplugged by range anxiety

It's the hurdle that electric vehicles must clear to be launched into the mainstream: range anxiety. But this time it isn't prospective customers who worry about running out of juice, Bloomberg reports, but renters who return to car rental agencies before their lease is up and trade their EVs in for more traditional gasoline-powered autos and gas-electric hybrids.
"People are very keen to try [electric vehicles], but they will switch out of the contract part way through ... they think they can't get to a charging station," says Lee Broughton, head of sustainability at Enterprise. Enterprise customers who rent EVs reportedly trade them in 1.6 days into the rental period on average, which compares unfavorably to the six- to seven-day rental periods of traditional, fuel-burning automobiles.
Christopher Agnew, an analyst at MKM Holdings LLC, says that longer range would help rental customers' range anxiety, especially since they are usually renting vehicles in unfamiliar places.