Fiat Chrysler will pay Tesla to dodge billions in emissions fines

Fiat Chrysler Automobiles (FCA) has struck a deal with Tesla to count the Silicon Valley automaker’s cars as part of its fleet in the European Union, lowering FCA’s average emissions output ahead of strict new EU regulations coming in 2021. Tesla will make “hundreds of millions of euros” from the sale of these emissions credits, according to the Financial Times.The scheme resembles the way regulatory credits can be bought and sold in the United States, which has been a s