- This will add $1,2 billion to Tesla’s coffers.
- Weak Honda e sales are partially responsible for Honda’s position.
- New tougher European emission rules are creating fleet pools to avoid huge fines and penalties.
Carmakers like Honda, Fiat, Ford, and others that sell new vehicles in Europe must meet extremely tough newly instilled fleet emission rules that stipulate that, on average, their cars must emit no more than 95 grams of CO2 per kilometre.
Honda’s long since been recognized as a maker of efficient vehicles. Despite that, their lack of electrified models for the European market has made them vulnerable to paying enormous fines. Tesla, on the other hand, does not have this issue which explains why Honda has declared their intent to jointly meet greenhouse-gas emissions standards, according to Bloomberg.
Honda Jazz – Honda
Tesla had already signed a three-year agreement with FCA but clearly, the American EV maker has plenty of wiggle room left. In order to bond its fleet with that of FCA and Tesla, Honda will need to pay a considerable sum – an amount that is not known.
Volvo has recently announced that it will surpass regulation goals thus leaving room for an automaker, Ford in this instance, to merge its fleet with the Swedes.
2020 Honda CR-V Hybrid | Photo: Honda
