Stellantis expects to reach emissions targets without Tesla’s help

Italy-Italian automaker Stellattis hopes to achieve its European carbon dioxide (CO2) emission target this year without purchasing environmental credits Tesla, Its CEO said in an interview released on Tuesday.

Stellantis was formed by the merger of French PSA and Italian PSA FCA, It took about 2 pcs One billion euros (US$2.4 billion) to purchase carbon dioxide credits in Europe and the US from the following countries electric car Manufacturer Tesla in the period from 2019 to 2021.

Stellantis boss Carlos Tavares said in an interview with French Weekly: “With the electrical technology that PSA brings to Stellatis, we will automatically meet carbon dioxide emissions regulations as early as this year.” View.

“Therefore, we will no longer need to call on Europe to reduce carbon dioxide emissions, and the FCA will no longer need to work with Tesla or any other agency.”

California-based Tesla earns points for exceeding emissions standards. Fuel economy And sell it to other car manufacturers that do not meet the requirements.

European regulations require all car manufacturers to reduce the carbon dioxide emissions of private cars to an average of 95 grams per kilometer this year.

A Stelantis spokesperson said the company is in discussions with Tesla on the financial implications of terminating the merger agreement.

He added: “Thanks to the merger of the PSA Group and the FCA Group, Stellattis will be able to achieve Europe’s carbon dioxide emission targets in 2021 without the need for open passenger car sharing arrangements with other car manufacturers.

The environmental credits Tesla sold to rival automakers allowed it to announce slightly better than expected first-quarter revenue this week.

The next tightening of European regulations will soon become the subject of a proposal by the European Commission. The target by 2030 can be reduced to 43 grams/km or less.

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