Part 13
Clean vehicle standard
Clean vehicle standard:
Category 1 light vehicle importers: obligations and ways of complying with targets
177Charges payable by category 1 light vehicle importer if carbon dioxide emissions targets exceeded
If the actual average vehicle carbon dioxide emissions across the fleet of vehicles imported by a category 1 light vehicle importer in an obligation year exceed the category 1 light vehicle importer fleet target, the charges calculated in accordance with subsection (2) apply, unless—
- there are sufficient carbon dioxide credits available in the importer’s carbon dioxide account to offset the excess emissions (whether such credits may have resulted from banking overachievement under section 178 or from 1 or more transfers of carbon dioxide credits into the importer’s carbon dioxide account under section 180); or
- the importer can defer their obligation under section 179.
The charges are,—
- from 1 January 2023,—
- $22.50 per gram of carbon dioxide in excess multiplied by the number of used vehicles in the fleet; and
- $45.00 per gram of carbon dioxide in excess multiplied by the number of new vehicles in the fleet; and
- $22.50 per gram of carbon dioxide in excess multiplied by the number of used vehicles in the fleet; and
- from 1 January 2025,—
- $33.75 per gram of carbon dioxide in excess multiplied by the number of used vehicles in the fleet; and
- $67.50 per gram of carbon dioxide in excess multiplied by the number of new vehicles in the fleet.
- $33.75 per gram of carbon dioxide in excess multiplied by the number of used vehicles in the fleet; and
The charges payable under this section are land transport revenue for the purposes of the Land Transport Management Act 2003.
Notes
- Section 177: inserted, on , by section 10 of the Land Transport (Clean Vehicles) Amendment Act 2022 (2022 No 2).