Part 3The Trading Schemes
Chapter 3The Non-Zero-Emission Van Registration Trading Scheme (VRTS)
VRTS credits: car clubs (VRTS participants)52
1
Subject to paragraph (6), a VRTS participant acquires half a VRTS credit for a scheme year (in addition to any VRTS credit acquired under article 51 where applicable) for each ZE van, ZE SPV of category N1, or ZE SPV of category N2 which falls within the description in paragraph (c) of the definition of “van” in article 3(1)—
a
of which it is the manufacturer and which is registered during the scheme year; and
b
which is to be used exclusively by a car club for the provision of a car club service for a period of 18 months from the date it is registered.
2
The administrator must record in the registry the expiry of a half VRTS credit acquired by a VRTS participant under paragraph (1) if—
a
the administrator gives written notice to the VRTS participant that it is satisfied that a ZE van or ZE SPV mentioned in paragraph (1)(a) is not being, or has not been, used in accordance with paragraph (1)(b); and
b
the VRTS participant has not traded that half VRTS credit in accordance with article 57 nor surrendered it in accordance with article 59.
3
Where a VRTS participant receives, before 1st November 2031, a notice from the administrator in accordance with paragraph (2)(a) and it has traded in accordance with article 57, or surrendered in accordance with article 59, a half VRTS credit acquired under paragraph (1) to which that notice applies, that participant must account for each such half VRTS credit in accordance with article 59(1)(b).
4
A VRTS participant must comply with the obligation in paragraph (3)—
a
for the scheme year for which the administrator is satisfied that a ZE van or ZE SPV mentioned in paragraph (1)(a) is not being, or has not been, used in accordance with paragraph (1)(b); or
b
for the 2030 scheme year, where the administrator is so satisfied after the end of the 2030 scheme year but before 1st November 2031.
5
a
the car club has ceased to use a ZE van or ZE SPV for the purposes of offering a car club service because the vehicle has sustained damage; and
b
the Secretary of State has been notified of that in accordance with paragraph 1 or 2 of Schedule 3A to the Road Vehicles (Registration and Licensing) Regulations 2002.
6
A VRTS participant may not acquire a number of VRTS credits for a scheme year in accordance with this article which exceeds 2.5% of the number of cars, vans and SPVs of which that participant is the manufacturer and which were registered during the scheme year.