BEIJING -- Tesla is expected to earn about $390 million this year from automobile emissions credits in China, while Volkswagen looks to be the biggest loser in the carbon trading scheme.
Automakers and auto importers operating in China are required to manufacture and sell a certain ratio of new-energy vehicles, which include electric cars and plug-in hybrids. Companies receive credit points for surpassing the goal, set at 12% of total sales volumes in 2020. Trading of those credit points started this year.
