Washington, D.C. (PRWEB) October 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 (http://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 http://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.
Mobilis Trading, LLC
325 7th St., NW Suite 400
Washington, DC 20004
Tel: (202) 567-2926