As per a report from Korea Economy TV, it is estimated that Tesla holds about 4 million grams/km of tradable emission credits in South Korea. This could translate into a potential value of up to 200 billion won (approximately $145 million) based on current penalty rates.
When the law for emission credits trading was enacted by the country in 2011, the regulations only allowed the trading of emission credits for automakers that sell more than 4,500 vehicles per year as of 2009. Tesla did not meet this metric.
And in 2021, domestic regulations were amended to allow Tesla to legally participate in the emission credit market. While legal clearance was achieved at the time, final approval from the Ministry of Environment was still required to initiate actual trading.
[
add
]
[
|
|
...
]