
PRESS RELEASE
MOBILIS TRADING
TO ASSIST AUTOMAKERS COMPLY WITH NEW FUEL ECONOMY AND CO2 STANDARDS
New Washington
DC-based startup offers online compliance credit trading for automakers, engine
manufacturers, fuels producers, and alternative fuel vehicle fleet operators
Washington, DC, Oct.
15, 2012
– In today’s Federal Register (77 FR 62624),
EPA and NHTSA published their final fuel economy and GHG emissions standards
for 2017-2025 model year light duty vehicles.
On average, by 2025, light duty vehicles will be required to achieve
roughly 54.5 mpg. For some companies
like BMW, Mercedes, Jaguar Land Rover, VW and Volvo, this will be a tough nut
to crack because 54.5 mpg is a big leap from where most of them are today
(roughly 30 mpg). On the other hand,
there are manufacturers like Toyota, Hyundai, Nissan, Honda (and let’s not
forget electric vehicle manufacturers like Tesla, Fisker, Coda and Wheego) who
are already meeting tomorrow’s standards.
Some of these companies, in fact, have generated and banked hundreds of
millions of CAFE credits. In fact, there
are over
1.6 billion CAFE credits currently in the bank at NHTSA waiting to be sold
to other manufacturers at a serious profit.
As the CAFE standards increase and the IRS CAFE penalties become
prohibitively expensive, these credits are likely to become increasingly more
valuable to those who hold them.
Seeing
the need to provide automakers with a platform for trading CAFE and other types
of regulatory compliance credits, Mobilis Trading LLC (www.mobilistrading.com) recently
introduced the first of its kind online platform providing automakers the
opportunity to trade compliance credits by running forward and reverse
auctions. Using the Mobilis trading
platform, companies needing credits to comply can run reverse auctions allowing
companies with excess banked credits to profit by selling their credits to the
company with the shortage. The reverse
auction option makes it easy for companies short on credits to get exactly what
they need and nothing more.
In
addition to helping automakers comply with CAFE, Mobilis is also set up to
assist automakers trade motor vehicle CO2 credits and California zero emission
vehicle credits. Mobilis has also
established trading exchanges for engine manufacturers, fuels producers, and
alternative fuel vehicle fleet operators.
Mobilis is particularly excited about a new Department of Energy final
rule that is due out soon that should put a stop to the Department’s historic
practice of granting fleets waivers from the EPAct requirement that requires a
specified percentage of new vehicle acquisitions to be alternative fuel
vehicles. As discussed in the notice of
proposed rulemaking issued October 5, 2011, DOE has proposed to modify the
exemption process so that, in the future, noncompliant fleets will need to make
a good faith effort to purchase credits in the market place prior to applying
for an exemption from the requirements. Mobilis is also very excited
about California’s Low Carbon Fuel Standard regulation and the opportunities
for credit trading that exist within that program.
Mobilis
is now in the process of signing up customers and the company anticipates that
the first trades via the platform will take place later this summer. To
open an account with Mobilis, a company must be regulated under at least
one of the credit trading programs for which the platform has been designed.
Companies that establish an account with Mobilis in 2012 pay no fee to
access the platform. Mobilis will generate revenue by charging credit
buyers a fee for each credit transfer that results from an auction run using
the Mobilis platform.
For
more information on the new Mobilis compliance credit trading platform, please
go to www.mobilistrading.com.
About
Mobilis Trading:
Mobilis
Trading’s mission is to make credit trading a practicable compliance option for
vehicle manufacturers, engine manufacturers, fuels suppliers, and
alternative fuel vehicle fleet operators. Mobilis has developed an online
trading platform which makes it possible for regulated parties to trade
emissions compliance credits by running forward and reverse auctions.
Contact:
Dale
Kardos
Mobilis Trading, LLC
325 7th St., NW Suite 400
Washington, DC 20004
Tel: (202) 567-2926
Email: kardos@mobilistrading.com