31. The charge referred to in section 8 of the Act, payable to the Minister by every motor vehicle manufacturer that, at the end of the period provided for in that section, has not accumulated the total number of credits that it had to accumulate for the 3 model years covered by that period, is calculated using the following equation: C = (Nce – Nca) × Vc
where
C = the charge payable by the motor vehicle manufacturer concerned;
Nce = the number of credits that the motor vehicle manufacturer should have accumulated;
Nca = the number of credits accumulated by the motor vehicle manufacturer;
Vc = the value of a credit for calculating the charge.
Up to the period of 3 consecutive calendar years concerning the 2022 to 2024 model years, for calculating the charge, the value of a credit is set at $5,000.
As of the period of 3 consecutive calendar years concerning the 2025 to 2027 model years, for calculating the charge, the value of a credit is set at $20,000. The value is adjusted on 1 January of each year using the rate calculated in the manner set out in section 83.3 of the Financial Administration Act (chapter A-6.001). The Minister publishes the result of the adjustment by means of a notice in the Gazette officielle du Québec or by any other means deemed appropriate by the Minister. The charge calculated under the first paragraph is payable in one installment.
1217-2017O.C. 1217-2017, s. 31; 1422-2023O.C. 1422-2023, s. 2412.