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Carbon Credits * USA - Hot Air Only in California
How a truckmaker plans to lose money on each sale--and make it up trading carbon credits
Ontario,CAL,USA -Forbes (NY ,USA), by Jonathan Fahey -12 March 2007: -- How's this for a business plan: buy a huge battery for $75,000, build an electric truck around it, sell the truck for $45,000. That's what Phoenix Motorcars, an aspiring automaker in Ontario, Calif., is planning to do starting this summer, when it will deliver an all-electric pickup truck about the size of a Chevrolet Colorado to fleet customers. Phoenix thinks it can sell 500 this year and 6,000 next... So what's the catch?: The company thinks it can turn a profit by exploiting California's auto emissions program. Chief Executive Daniel Elliott wants to amass emission credits it will get from the California Air Resources Board (CARB) for selling zero-emission vehicles and then sell them to other automakers in danger of falling short of minimum requirements... This scheme may be a quirky California creation now, but if Congress decides to set a cap on carbon emissions nationwide, this kind of horse-trading could become commonplace...
Labels: carbon credits
posted by Unknown @ 12:05 PM
2 Comments:
I don't understand all those schemes. I think just all the aspiring truckmakers will make profit in any case!
Carbon credits? It sounds incredible! Though I have a credit card applied for at http://www.better-credit.com and I read all the news concerning credit, I've never heard of this notion before.
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