14. As of model year 2020, among the credits that a large volume motor vehicle manufacturer must accumulate for a particular model year, a certain number of the credits may only be accumulated by selling or leasing new or reconditioned zero-emission motor vehicles or new or reconditioned motor vehicles with a range extender, or by acquiring, from another motor vehicle manufacturer, NZEV, RZEV, NVRE or RVRE credits.
The number of credits referred to in the first paragraph is determined using a fraction of the total percentage of the average of its sales and leases of new motor vehicles, using the following equation: Nc ZEV = Pf ZEV x A
where
Nc ZEV = the number of credits that may only be accumulated by the motor vehicle manufacturer by selling or leasing new or reconditioned zero-emission motor vehicles or new or reconditioned motor vehicles with a range extender, or by acquiring NZEV, RZEV, NVRE or RVRE credits;
Pf ZEV = a fraction of the total percentage of the average used in the equation in section 13;
A = the same average as the average used in the equation in section 13.
The other part of the credits that a large volume motor vehicle manufacturer must accumulate for the model year referred to in the first paragraph may be accumulated by selling or leasing any type of new or reconditioned motor vehicle defined in section 1 or by acquiring, from another motor vehicle manufacturer, credits belonging to any of the categories provided for in section 16.
The fraction of the total percentage of the average referred to in the equation in the second paragraph is determined below, based on the model year concerned by the calculation.Model year | Total percentage (P) applicable to intermediate and large volume motor vehicle manufacturers subject to the Regulation | Fraction of the total percentage (Pf ZEV) applicable for the part of the credits referred to in the first paragraph | Fraction of the total percentage (Pf) applicable for the part of the credits referred to in the third paragraph |
2020 | 9.50% | 6.00% | 3.50% |
2021 | 12.00% | 8.00% | 4.00% |
2022 | 14.50% | 10.00% | 4.50% |
2023 | 17.00% | 12.00% | 5.00% |
2024 | 19.50% | 14.00% | 5.50% |
2025 and subsequent | 22.00% | 16.00% | 6.00% |
1217-2017O.C. 1217-2017, s. 14; I.N. 2018-03-01.