% 'Must recharge in 15min or less' is a ridiculous requirement that no
worthy-EV will achieve. Pack swapping is a work-around that not all
customers will want (memories of Better-Place's demise). %

http://etfdailynews.com/2014/04/09/tesla-motors-inc-will-receive-lower-zev-credits-for-its-model-s/
Tesla Motors Inc Will Receive Lower ZEV Credits For Its Model S
April 9th, 2014  Zacks.com

Tesla Motors Inc will receive lower zero-emission vehicle (:ZEV) credits for
its Model S cars from California as the state has altered its zero-emission
vehicle program.

California’s Air Resources Board revealed that the company will receive only
4 ZEV credits per Model S sold in California and some other states, compared
with 7 credits received last year.

The reduction in Tesla’s credits results from its inability to meet the
rapid-refueling requirement, which requires cars to be refueled within 15
minutes or less.

Tesla’s battery packs take a long time to charge, thus making Model S a Type
III ZEV.

The change in rule will be implemented after a public review period.

The move will hurt Tesla’s bottom line as the company struggles to attain
profitability despite rising sales.

The electric carmaker had received $129.8 million from the sale of ZEV
credits in 2013.

In fact, the company generated 9.7% of its annual revenues or $194.4 million
from sales of ZEV and the U.S. Corporate Average Fuel Efficiency credits in
2013. It is the leading seller of California ZEV credits.

Nevertheless, Tesla is planning to open battery-swap stations, which will
allow car owners to exchange depleted battery packs with fully charged ones.

Once this is put into effect, the company will likely receive more ZEV
credits per car.

According to CEO and co-founder Elon Musk, Tesla’s earnings from ZEV credit
sales will also diminish due to increasing export of California-built cars
to markets like Europe and Asia.

Tesla sells its ZEV credits to other automakers to help them meet
California’s Air Resources Board’s emission rules, which necessitate the
sale of 1.4 million low-pollution plug-in hybrids, battery-powered autos and
[h2fcvs] per annum by the mid 2020s. Tesla is not yet large enough to
qualify for [that] rule ...
[© 2014 WBC Media]




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EVLN: Avoid Charge-Rage, guide to electric car etiquette
EVLN: Samsung SDI & LG Chem> E-bike Battery Market
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+
EVLN: BMW Motorrad electric C Evolution in May 2014 r:62mi ts:75mph


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