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Tesla to earn $250 million from sales of California environmental credits

Tesla Motors is expected to release quarterly earnings figures within the next few days, and the Silicon Valley automaker is thought to have attained profitability for the first time ever. As it turns out, a good bit of that profit will reportedly come from the State of California.
According to an article from the LA Times, Tesla, which is reportedly on pace to sell 20,000 vehicles in 2013, receives as much as $35,000 in environmental credits from California for each Model S it sells. These credits can then be sold to other automakers that do business in the state but don't sell zero-emission vehicles of their own. Some experts believe Tesla could earn up to $250 million from such ZEV credits.
While profits from ZEV credits equals good news for Tesla, some experts and rival automakers aren't very pleased with California's strong-arm tactics when it comes to the sales of electric vehicles. "At the end of the day, other carmakers are subsidizing Tesla," said Thilo Koslowski, an analyst at Gartner Inc.

Recharge Wrap-up: Tesla is for Mistresses; Yo, free Smart ED rides!

Smart used the Yo app to give free test rides to San Franciscans last week. Yo is a free app wherein users tap a username to send a notification that simply says "Yo" to the recipient. Signs at locations in the Mission and SoMa neighborhoods gave instructions to send a Yo to SmartUSA for a free ride anywhere in the city. Three of the eight Smart vehicles used for the promotion were the Smart Fortwo Electric Drive. The event allowed people to see how well suited the cars are to the city, particularly when it comes to San Francisco's parking problems. It also saved users the fare of an Uber or Lyft hire. Read more at TechCrunch. Zipcar has added the 2014 Honda Fit EV to its UC Davis fleet near Sacramento, California. The cars will go to the school's West Village, a planned zero net energy community, which plans to generate as much energy as it uses within a year. "Innovations like solar power to help generate the electricity needed to charge the EV," says Dan Sperling, founding director of the school's Institute of Transportation Studies, "and fully zero emission car sharing moves us aggressively toward a sustainable future." The addition of the Fit EVs will also give cash-strapped students access to affordable emissions-free driving. Read more in the press release, below. California is one step closer to adding 15,000 new green HOV stickers after a bill was approved by the state Senate. Now the bill must go up before the California State Assembly for approval before it can be signed by Governor Jerry Brown. The bill will raise the total number of the green HOV stickers for plug-in hybrids to 70,000. Raising the cap on the green decals, which allow owners use of the carpool lanes, could encourage more California drivers to buy a PHEV. Read more at Inside EVs. The Tesla Model S made a star appearance on the ABC television show Mistresses. In the episode "Choices," the character Joss receives the car as a gift from her fiance, but is not all too happy about it, seeing it as putting her in a position of dependency. "I could never in a million years afford that Tesla," Joss complains to her friend. "How am I ever supposed to get mad at him when he can hold a Tesla over my head?" The luxury EV makes an on-screen appearance in the episode complete with an interior shot of the car's touchscreen display. See a clip from the episode below or read more at Green Car Reports. This content is hosted by a third party. To view it, please update your privacy preferences.

Recharge Wrap-up: Tesla Model 3 reservation priorities, Opel builds Ampera-e in US?

Opel will build the Ampera-e EV in the US. According to a report from German magazine Automobil Produktion, the electric Opel will be built alongside its sibling, the Chevrolet Bolt, at GM's Orion Assembly plant near Detroit, Michigan. GM CEO Mary Barra did not disclose the location of the Ampera-e's assembly, and Opel declined to comment on the report. A Vauxhall spokesman in the UK declined to comment on whether the car would be sold there as a right-hand-drive model. Read more from Automotive News Europe. How will Tesla prioritize reservations for the Model 3? While some folks argue that orders should be prioritized according to time zone, others think all the Tesla stores should open at the same exact time, regardless of time zone. What is more likely, however, is that places where more deliveries take place will get their cars before locations with fewer buyers, for the sake of efficiency. Elon Musk has also said that the cars ordered with the most options will be built first. Read more at Teslarati. The Zoleco is an attempt at ultimate aerodynamic car design. Built by Zoltan Bod in British Columbia, it is a body concept that will potentially be sold as a kit meant for various propulsion systems. The idea is to reduce aerodynamic drag as much as possible, while saving weight wherever possible, in order to get the greatest efficiency out of the powerplant - be it gas, electric or some other form of energy. Bod says the car can achieve 151 mpg at 45 mph, or 91 mpg at 65 mph using a turbocharged, three-cylinder gasoline engine. Learn more at the Zoleco website. Featured Gallery Opel Ampera-e View 12 Photos News Source: Automotive News Europe, Teslarati, ZolecoImage Credit: Opel Design/Style Green Plants/Manufacturing GM Automakers Tesla Opel Fuel Efficiency Green Automakers Electric recharge wrapup