Over the years, some of the best ideas for my blog have come from thoughtful reader comments. It’s good to know the tradition continues.
Last Wednesday I speculated that Tesla (TSLA) might be counting on a billion-dollar regulatory credit bonanza in the last half of 2018. It was almost painful to write that after years of strident criticism I’d purchased Tesla calls.
Mercifully, a thoughtful reader directed me to a twitter stream from “People’s [email protected]
” that discussed a pending Environmental Protection Agency, or “EPA,” proposal that would put an end to California’s state level zero-emission vehicle, or “ZEV,” mandates.
I investigated.
I learned that the EPA plans to withdraw a 2013 waiver of Federal preemption that was granted pursuant to the express authority if Section 209(b)(1)(c) of the Clean Air Act of 1963, or “CAA.” I also learned that the National Highway Traffic Safety Administration, or “NHTSA”, plans to issue a formal finding that California’s GHG and ZEV mandates are preempted by the Energy Policy and Conservation Act of 1975, or “EPCA,” which has no waiver provisions.
