The Vehicle Emissions Trading Schemes Order 2023

CRTS credits: registration of ZE SPVs (CRTS participants)

19.—(1) Subject to paragraph (3), a CRTS participant acquires a CRTS credit for a scheme year for each ZE SPV of which it is the manufacturer and which—

(a) is registered during the scheme year;

(b) is a vehicle of category M1; and

(c) is not a ZE wheelchair accessible SPV.

(2) Subject to paragraph (3), a CRTS participant acquires one and a half CRTS credits for a scheme year for each ZE wheelchair accessible SPV of which it is the manufacturer and which is registered during the scheme year.

(3) A CRTS participant may not acquire a number of CRTS credits in accordance with this article for a scheme year which exceeds the number which is the greater of—

(a) the number of CRTS allowances allocated to that participant in accordance with article 13 for the scheme year; or

(b) the number of units of activity in the CRTS which that participant has for the scheme year, measured in accordance with article 24.