Clean Vehicle Standard 2022 Regulations
The Clean Vehicle Standard sets ambitious targets and financial penalties on importers to regulate the emissions from light duty vehicles.
Stricter targets are applied on light passenger cars than on light commercial vehicles. In 2023, light passenger vehicles must meet a standard of 145g CO2e/km, while light commercial vehicles must not emit more than 218g CO2e/km. These standards increase stringency to 63.3g CO2e/km and 87.2g CO2e/km in 2027 for light-duty passenger and light commercial vehicles, respectively. Revenues generated are used to provide rebates on low emitting vehicles.
In July 2024, CO2 targets for commercial vehicles were softened. In this regard, the CO2 target for 2025 has been lifted from 155g/km to 223g/km. The target for 2027 drops from 87.2g/km in 2027 to 103g/km. In 2028 and 2029, New Zealand will adopt Australia’s CO2 targets of 144g/km in 2028 and 131g/km in 2029.
Targets for passenger vehicles were also modified, but to a lesser extent. The target for 2025 is still at 112.6g/km. In 2026, it has been adjusted from 84.5g/km to 108g/km, and then from 63.3g/km to 103g/km in 2027.
Want to know more about this policy ? Learn more (https://www.legislation.govt.nz/act/public/2022/0002/latest/whole.html#LMS536334)