Elon Musk's recent political stances are causing backlash against Tesla, leading to protests and vandalism. Meanwhile, BYD is finding a way to overcome new EU tariffs by selling carbon credits to other automakers struggling to meet emissions targets.
Cars, rockets and AI. Elon Musk has never been one to stay in his lane, and that's what led people to hail the CEO as a visionary entrepreneur. But now, as he delves away from business and into politics, people are finding that Musk's influence over government policy is proving to be a problem—and Tesla is the one that's paying the price. Welcome back to Critical Materials, your daily roundup for all things electric and automotive tech.
So if each car is rated for 25 grams under the limit, that means each vehicle is generating $2,450 worth of credits that BYD can then sell off to other automakers. BYD's tariffs under the EU's new anti-China EV scheme are at 17%, meaning a $30,000 vehicle would incur an additional $5,100 in import levies.
Technology ELON MUSK TESLA BYD CARBON CREDITS EU TARIFFS ELECTRIC VEHICLES PROTESTS
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