GreenPower Motor Company says it’s selling its tradable emissions compliance credits under various regulations related to zero-emissions vehicles, greenhouse gas emissions, fuel consumption, renewable energy and clean fuels.
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“We have generated hundreds of tradable credits and will continue to generate significant numbers of tradable credits,” says GreenPower CEO Fraser Atkinson. “We are in discussions with a number of traditional OEM manufacturers and have also engaged veteran brokerage firm Kardos & Associates LLC to assist use in selling our credits. If a sale is completed, based on Tesla’s success trading credits, could generate significant potential revenue for GreenPower. Given the increasingly more stringent emissions standards being implemented by state and federal regulators, the demand for credits is increasing and GreenPower is positioned to benefit by supplying traditional OEMs with the credits needed to ensure compliance with the regulations.”
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California’s Advanced Clean Truck regulation, EPA’s Phase 3 greenhouse gas regulation, NHTSA’s Fuel Consumption Credit program and other state-level mandates each include credit trading programs that provide manufacturers enhanced compliance flexibility and the opportunity for reduced compliance costs through the acquisition of credits.
Using these trading programs, manufacturers can earn credits by exceeding the emissions standards named in the regulations. Once generated, credits can either be used to offset internal deficits or traded to other manufacturers. GreenPower has no internal deficits and is positioned to trade every credit it generates.
