Get the latest tech news

Tesla Could Get $1 Billion From Its Rivals Thanks to New EU Regs

Tesla's entire fleet of production vehicles are electric. By pooling with Tesla's fleet, other automakers could avoid fines levied against combustion cars.

Being an all-electric manufacturer with significant sales in the European market, Tesla has all kinds of breathing room for the new regulations. Thus far, major players such as Ford, Stellantis, Mazda, Subaru, and even Toyota have teamed up with the Texas-based EV brand. Everything is rolling towards a 2035 rule requiring automakers to go EV-only, or use combustion engines running solely on e-fuel throughout Europe.

Get the Android app