Automotive

Reuters exclusively reports Tesla seeks entry into U.S. renewable fuel credit market

Reuters exclusively reported that Tesla Inc is seeking to enter the multi-billion-dollar U.S. renewable credit market, hoping to profit from the Biden administration’s march toward new zero-emission goals. Tesla’s entry could potentially reshape the renewable credit market, established in the mid-2000s to boost investment in the U.S. biofuel industry. The market generated some 18 billion credits in 2020 and is currently dominated by ethanol producers. Tesla’s application would likely be tied to the production of electricity associated with biogas, sources told Reuters.

Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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