Honda will pay Tesla to avoid fines in Europe

Honda will pay Tesla to avoid fines in Europe

November 3, 2020 0 By autotimesnews

American concern will help the Japanese to credit the sales of electric vehicles

Honda and Tesla have agreed to combine sales results in Europe, Bloomberg reported. This will help the Japanese concern avoid a billion dollar fine for non-compliance with carbon dioxide emission standards.

According to the adopted standards, in 2020 the average CO2 emission per 1 kilometer of the track for all vehicles sold of each brand should not exceed 95 grams. For gasoline cars, this corresponds to a fuel consumption of 4.1 liters per 100 kilometers, for diesel cars 3.6 liters per 100 kilometers.

In this case, we are talking about the average consumption. That is, if a company sells 50 gasoline cars with a consumption of 8.2 liters per 100 kilometers and 50 electric cars with zero emissions per year, then it fits into the norm by the average.

Honda has an e-car, but it turns out its expected 2020 sales won’t meet the stringent norm. In this case, the company has a choice: pay a large fine or negotiate with another manufacturer of electric vehicles, which will combine the results of sales. Tesla has become such a “savior” for Honda.

The amount Tesla will receive from Honda is not disclosed. However, this is not the first auto concern with which Elon Musk’s company has entered into a similar deal. Tesla previously agreed to “share” its European sales with the Fiat Chrysler Group. According to rumors, in return, the Italians are paying for the construction of Tesla’s gigafactory in Berlin.

Ford and Volvo also announced a similar collaboration. Moreover, the donor in this case is the Swedes, who have succeeded in selling not so much electric as rechargeable hybrid cars. For the latter, the average fuel consumption is calculated only for the first 100 kilometers of the route, half of which the rechargeable hybrids pass exclusively on electric traction. So Volvo meets the standard with a margin and is ready to sell the surplus to Ford.