The Korea Fair Trade Commission (KFTC) Will Impose A Fine Of $2.2 Million On Tesla Inc
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Electronic cars are becoming more and more popular, be it from manufacturers, users or investors. Like everything, it has its limits. It turns out that the most popular EV manufacturer Tesla overestimated its capabilities for which it can pay as much as $2.2 million. Ecology is not only a change of sapline cars to EVs, but also a reduction in the production of plastic or its recycling. Plastic is still arriving and its recycling takes too long compared to its production. Chemical recycling may be the solution.
In this article:
- Punishment for Tesla
- Chemical recycling
Punishment for Tesla
There is no doubt that electric cars are our future. The most famous electric car maker, Tesla, has been struggling with a lot of problems lately, while its owner Elon Musk is focusing his attention on Twitter activities. Although we can already use electric vehicles, there are still many problems that need to be eliminated if electric cars are to become as common as the current ones powered by oil or gas.
Tesla advertises itself as the most efficient electric car, but according to South Korea, it is not.
The driving range of the US electric car maker's cars drops by up to 50.5% in cold weather compared to how they are advertised online. According to the Korea Fair Trade Commission (KFTC), the range has been exaggerated, and thus the KFTC will impose a fine on the producer. South Korea's antitrust regulator has said it will impose a fine of 2.85 billion won ($2.2 million) on Tesla Inc.
South Korea fines Tesla $2.2 million, saying the driving range of the American EV maker's cars can plunge in low temperatures by up to about half of what they’re advertised online https://t.co/bjVbATtXyk pic.twitter.com/jpQTY2wjAG
— Reuters Business (@ReutersBiz) January 3, 2023
How to deal with excess plastic garbage - chemical recycling
As consumption increases, so does production, and so does trash. On a worldwide scale, we produce 2.6 trillion pounds of trash per year.
What's more, the most of it are plastic items that decompose far too long. Plastics, often colloquially referred to as plastic, can take 100 to 1000 years to decompose. In this case, too, much depends on the specificity of the discarded material. For example, a plastic bag takes about 400 years to decompose, and candy wrappers take 450 years to decompose.
To change the amount of waste generated, it is recycled, but as recent data shows, this is not enough. Scientists and other activists are trying to find innovative solutions to this problem.
The problem is that most plastics are simply not recyclable. And even those whose quality deteriorates every time they are reworked, meaning they will eventually end up in the landfill as well. Many environmentalists say this means we need to stop producing plastics at source and support bans or taxes on single-use plastics.
But plastics industry groups are betting on a technology known as chemical recycling to break down any type of plastic into its raw components and turn it into fuel or plastic that is just as good.
Chemical recycling has many advantages, e.g. we reduce the amount of waste, we do not have to produce materials from scratch or waste non-renewable resources, we do not need additional space for storing plastic waste and we are able to reduce the area of ​​existing landfills. So it may turn out to be more beneficial for the environment.
Plastics recycling is failing, and the industry is betting big on a technology called chemical recycling to try and save it. So can chemical recycling help our plastic problem? Watch the full video here: https://t.co/0uDzfiPF7k pic.twitter.com/rQPPxobUKb
— CNBC (@CNBC) January 3, 2023
