California Launches Electric Car 'Cap-in-Trade' Scheme
What a terrific idea!
California's zero emissions vehicle (ZEV) law requires automakers to sell an increasing number of zero emission vehicles in the state - and those that can't meet their targets can buy "credits" from automakers who can.
Automakers that can't meet their targets or don't buy enough credits face thousands of dollars in fines for each missed credit. The state can also ban the automaker from selling cars there.
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