Fact #871: May 4, 2015 Most Manufacturers Have Positive CAFE Credit Balances at the End of Model Year 2013

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At the end of the 2013 model year (MY), Toyota, which neither bought nor sold credits between 2010 and 2013, had by far the highest balance of Corporate Average Fuel Economy (CAFE) credits at more than 100 million credits. Tesla produces electric vehicles exclusively and therefore does not need to retain credits as an off-set. Tesla sold nearly all their credits and ended the model year with a balance of just 1,271 credits. Fiat Chrysler, Mercedes, and Ferrari purchased credits during the period from 2010 to 2013. By the end of MY 2013, only five manufacturers (Jaguar LandRover, Aston Martin, McLaren, and Lotus) had a deficit of CAFE credits. This does not, however, mean any manufacturer is out of compliance, as the regulation allows for a deficit to be carried over for up to three model years.

Cumulative CAFE Credit Balances by Manufacturer as of the End of MY 2013

Graph showing cumulative CAFE credit balances by manufacturer as of the end of MY 2013

Fact #871 Dataset

Supporting Information

Cumulative CAFE Credit Balances by Manufacturer as of the End of MY 2013
Manufacturer Credits
Jaguar Land Rover -927,143
Aston Martin -4,783
McLaren -3,620
Lotus -763
Ferrari -653
Tesla 1,271
BYD Motors 2,276
Coda 7,251
Fisker 46,694
Mercedes 129,312
Volvo 268,157
Porsche 426,439
BMW 456,812
Suzuki 693,553
Mitsubishi 1,565,382
Volkswagen 5,789,961
Mazda 7,003,960
Fiat Chrysler 7,279,810
Subaru 7,597,337
Kia 13,016,497
Nissan 21,641,784
Hyundai 23,186,604
Ford 28,546,438
GM 29,185,540
Honda 50,234,560
Toyota 103,484,295

 

Reported Credits Sold and Purchased, MY 2010-2013
  Manufacturer Model Year Total
2010 2011 2012 2013
Credits Sold Honda -434,383       -434,383
Nissan -200,000 -500,000 -250,000   -950,000
Tesla -35,580 -14,192 -177,941 -1,048,689 -1,276,402
 
Credits Purchased Fiat Chrysler 144,383 500,000   1,048,689 1,693,072
Ferrari 90,000       90,000
Mercedes 435,580 14,192 427,941   877,713

Source: U.S. Environmental Protection Agency, Greenhouse Gas Emission Standards for Light-Duty Vehicles: Manufacturer Performance Report for the 2013 Model Year, EPA-420-R-15-008a, Table 5-2 and Table 4-1, March 2015.

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