As of January 1, 2025, Australia implemented its inaugural CO2 emission standards, with Polestar taking the lead by selling credits to other manufacturers. This development follows the finalization of the New Vehicle Efficiency Standard (NVES) Act in May 2024, which sets emission reduction targets from 2025 to 2029 for various vehicle types. Polestar, focusing solely on electric vehicles, meets the new standards easily and stands to gain from selling NVES credits, although not as much as Tesla, which may earn significantly by sharing credits within the European market.
As Polestar becomes the first to sell carbon credits under Australia’s new emission standards, it highlights a growing trend of compliance strategies among EV manufacturers.
Polestar, selling exclusively electric vehicles, is well-positioned to benefit from Australia’s CO2 emission standards, potentially profiting through the sale of NVES credits.
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