Tesla, the leading electric vehicle maker, is the top green credit generator in China, according to MIIT. Tesla reported receiving $1.58 billion from credit sales last year globally. (Filepic shows Tesla 3 electric car in China.)
SHANGHAI: 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.
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