Tesla, Polestar withdraw from FCAI over “misleading future vehicle prices”

TESLA AND POLESTAR HAVE WITHDRAWN from the Federal Chamber of Automotive Industries, claiming the FCAI is “misleading the public over future new vehicle prices” under the New Vehicle Efficiency Standard (NVES).

Hot on the heels of Tesla’s announcement, Polestar also released a statement that the price estimates being announced by the FCAI “do not represent the position of Polestar and may have irrevocably damaged consumer perception and trust in the proposed policy”.

The FCAI has been telling the media that reduced prices for new cars next year could be expected. The FCAI predicted that the Tesla Model 3 would fall by $15,940 and the Model Y $15,390 under the proposed new efficiency standards. Tesla disputes these figure as “simply untrue”.

Both Tesla and Polestar fear that many buyers would postpone new car buying decisions in anticipation of the lower prices.

Tesla has requested that the FCAI issue a public correction to its claims, cease the public dissemination of misleading or deceptive information regarding the potential impact of NVES and cease any commentary and meetings that foreshadow how companies will change prices or supply in response the NVES.

Polestar, stated that the FCAI is deliberately slowing the national adoption of vehicles with lower CO2 outputs. Polestar’s Samantha Johnson said, in a letter to Tony Weber, CEO of FCAI, that “data being disseminated by the chamber in its battle to have the government modify the stringent rules proposed under the New Vehicle Efficiency Standard (NVES) was not in the best interests of the company.”