A policy shift by China's government is ratcheting up pressure on automakers to hasten development of green vehicles or pay rivals such as Tesla Inc and Chinese startups for green credits. Regulators are putting more teeth on a system of tradable green car credits to wean the industry off a decade-long policy of subsidies which has helped create some of the biggest companies in the industry. The system gives automakers credits for selling electric or fuel-efficient vehicles that can offset penalties on their more carbon-intensive models.
“There was no one in the driver’s seat," Sgt. Cinthya Umanzor of the Harris County Constable Precinct 4 said. The 2019 Tesla Model S was traveling at a high rate of speed, when it failed to negotiate a curve and went off the roadway, crashing to a tree and bursting into flames, local television station KHOU-TV said. After the fire was extinguished, authorities located 2 occupants in the vehicle, with one in the front passenger seat while the other was in the back seat of the Tesla, the report said, citing Harris County Precinct 4 Constable Mark Herman.
Chinese firms prepare to charge into Europe’s electric car marketTesla could be in for a shock as far-eastern rivals use cheap money to gain traction among affluent western car buyers Chief executive William Li at the launch of Nio’s ET7 saloon in Chengdu, China. Photograph: AFP/Getty Images