The Vehicle Emissions Trading Schemes (Amendment) (No. 2) Order 2025

1. Introductory Text

2. Part 1 Preliminary matters

   1. 1. Citation, commencement and extent

   2. 2. Amendment of the Vehicle Emissions Trading Schemes Order 2023

3. Part 2 General amendments to the Trading Schemes

   1. 3. Amendment of article 3 (interpretation)

   2. 4. Amendment of article 14 (banking CRTS allowances)

   3. 5. Amendment of article 15 (borrowing CRTS allowances)

   4. 6. Amendment of article 18 (CRTS credits: general)

   5. 7. Amendment of article 22 (CRTS credits: car clubs (SPV car manufacturers))

   6. 8. Amendment of article 23 (CRTS credits: conversion of unused CCTS allowances)

   7. 9. Insertion of new article 23A (CRTS credits: conversion of unused VRTS allowances by a CRTS participant which is also a VRTS participant)

   8. 10. Insertion of new article 23B (CRTS credits: conversion of VRTS credits by a CRTS participant which is also an SPV van manufacturer)

   9. 11. Amendment of article 25 (trading CRTS allowances and credits: CRTS participants)

   10. 12. Insertion of new article 25A (trading CRTS allowances with VRTS participants)

   11. 13. Amendment of article 26 (trading CRTS credits: SPV car manufacturers)

   12. 14. Insertion of new article 26A (trading CRTS credits with VRTS participants: SPV car manufacturers)

   13. 15. Amendment of article 28 (payments: CRTS)

   14. 16. Amendment of article 29 (banked or borrowed CRTS allowances of former CRTS participants)

   15. 17. Amendment of article 30 (expiry of CRTS allowances and CRTS credits)

   16. 18. Amendment of article 35 (conversion of unused CRTS allowance into CCTS allowances)

   17. 19. Amendment of article 46 (banking VRTS allowances)

   18. 20. Amendment of article 47 (borrowing VRTS allowances)

   19. 21. Amendment of article 50 (VRTS credits: general)

   20. 22. Amendment of article 54 (VRTS credits: car clubs (SPV van manufacturers))

   21. 23. Amendment of article 55 (VRTS credits: conversion of unused VCTS allowances)

   22. 24. Insertion of new article 55A (VRTS credits: conversion of unused CRTS allowances by a VRTS participant which is also a CRTS participant)

   23. 25. Insertion of article 55B (VRTS credits: conversion of CRTS credits by a VRTS participant which is also an SPV car manufacturer)

   24. 26. Amendment of article 57 (trading VRTS allowances and credits: VRTS participants)

   25. 27. Insertion of new article 57A (trading VRTS allowances with CRTS participants)

   26. 28. Amendment of article 58 (trading VRTS credits: SPV van manufacturers)

   27. 29. Insertion of new article 58A (trading VRTS credits with CRTS participants: SPV van manufacturers)

   28. 30. Amendment of article 60 (payments: VRTS)

   29. 31. Amendment of article 61 (banked or borrowed VRTS allowances of former VRTS participants)

   30. 32. Amendment of article 62 (expiry of VRTS allowances and VRTS credits)

   31. 33. Amendment of article 67 (conversion of unused VRTS allowances into VCTS allowances)

   32. 34. Amendment of article 80 (publication of final information)

   33. 35. Amendment of Schedule 3 (determination of the specific emissions of CO ₂ of completed vans)

4. Part 3 Amendments related to alternative specific emissions of CO ₂: OVC hybrid electric vehicles

   1. 36. Amendment of article 3 (interpretation)

   2. 37. Amendment of article 36 (measuring activity in the CCTS)

   3. 38. Amendment of article 68 (measuring activity in the VCTS)

   4. 39. Amendment of article 73 (information: participants in the Trading Schemes)

   5. 40. Amendment of article 93 (civil penalties: general)

   6. 41. Amendment of article 107 (appeals: decisions to which Part 7 applies)

   7. 42. Insertion of Schedule 3A (alternative specific emissions of CO ₂: OVC hybrid electric vehicles)

   8. 43. Amendment of Schedule 4 (low-volume CRTS participants and low-volume VRTS participants)

5. Signature

6. 1. Schedule

      Insertion of schedule 3A

7. Explanatory Note