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

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Fact #871 Dataset

Supporting Information

Cumulative CAFE Credit Balances by Manufacturer as of the End of MY 2013
ManufacturerCredits
Jaguar Land Rover-927,143
Aston Martin-4,783
McLaren-3,620
Lotus-763
Ferrari-653
Tesla1,271
BYD Motors2,276
Coda7,251
Fisker46,694
Mercedes129,312
Volvo268,157
Porsche426,439
BMW456,812
Suzuki693,553
Mitsubishi1,565,382
Volkswagen5,789,961
Mazda7,003,960
Fiat Chrysler7,279,810
Subaru7,597,337
Kia13,016,497
Nissan21,641,784
Hyundai23,186,604
Ford28,546,438
GM29,185,540
Honda50,234,560
Toyota103,484,295

 

Reported Credits Sold and Purchased, MY 2010-2013
 ManufacturerModel YearTotal
2010201120122013
Credits SoldHonda-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 PurchasedFiat Chrysler144,383500,000 1,048,6891,693,072
Ferrari90,000   90,000
Mercedes435,58014,192427,941 877,713

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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