Exclusive Jaguar Land Rover intend to join Tesla's EU CO2 pool for 2021
Duration of open pool: 2021
Jaguar Land Rover intend to join Honda in Tesla's EU CO2 pool in 2021
UPDATE: UK-only pool also updated, reflecting JLR/Tesla/Honda EU pool
According to latest exclusive Schmidt Automotive Research and European Commission data, Tesla have found a new partner to join its EU CO2 pool for 2021. British-based and Tata owned Jaguar Land Rover intend to form a CO2 pool with the Elon Musk-run company for 2021, alongside Honda that were part of Tesla's pool last year.
From January to August across the 18 market West European region, just over 25,000 JLR plug-ins were registered across the European region which made up one quarter of their total registrations.
However look further afield and premium competitor's plug-in penetration level from Daimler was well over 30 per cent across the European region according to data published each month in Schmidt Automotive Research's European Electric Car Report.
Despite almost all manufacturers being bullish on CO2 targets this year, it is noteworthy that Jaguar Land Rover (JLR) under the shadow of the semiconductor shortage have likely concluded that they are more willing to derail their CO2 compliance targets in order to help their underlying profits from their higher emitting profitable models than sacrifice these in order to meet their compliance targets.
JLR which is classified as a niche manufacturer has a derogation target of just 131.8g/km rather than the fleet weight-based average 95g/km (NEDC) target for volume manufacturers. According to Tesla data, the US pure electric manufacturer accumulated $1.15 billion from global regulatory credits so far this year (Q1-Q3 2021), which includes credits from China, North America and Europe. This was slightly down on the same period last year ($1.18 billion) which notably included Fiat Chrysler (FCA) which are no longer part of the Tesla EU CO2 pool thanks to their merger with PSA to form the Stellantis. Additional update to original text (27.10.2021 00:15)
Schmidt Automotive Research and the monthly European Electric Car Report can also confirm that JLR also intend to join the Tesla/Honda UK-only pool for 2021 according to UK government data. The update (see below) was published hours after Land Rover had presented their new Range Rover to the world's press at an event in London where they also revealed a pure electric version of the latest incarnation will arrive in 2024. This is the first year UK only CO2 targets – largely carried over from the European system – will be enforced following the transition period which ended at the end of 2020.
Last year JLR failed to meet its EU CO2 obligation goal, attributing 35 million GBP to fines for this according to JLR.
The European Electric Car Flash Report which is published on a monthly basis covers the entire West European region in a detailed data-driven manner.
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*Western Europe 18 Markets: EU Member States prior to the 2004 enlargement plus EFTA markets Norway, Switzerland, Iceland, plus UK