5 Colo. Code Regs. § 1001-24-D-IV

Current through Register Vol. 47, No. 24, December 25, 2024

Section 5 CCR 1001-24-D-IV - Credits and Debits

IV.A. Credits and Debits through model year 2025

IV.A.1. ZEV credits can be earned per vehicle delivered for sale in Colorado pursuant to California Code of Regulations, Title 13, Section 1962.2(d) and (g).

IV.A.2.Credits from ZEVs. The amount of credits earned by a manufacturer in a given model year from ZEVs shall be expressed in units of credits, and shall be equal to the number of credits from ZEVs produced and delivered for sale in Colorado (with the exception of hydrogen fuel cell vehicles pursuant to California Code of Regulations, Title 13, Section 1962.2(d)(5)(E)) that the manufacturer applied towards meeting its ZEV requirement pursuant to California Code of Regulations, Title 13, Section 1962.2(b).

IV.A.3.Credits from TZEVs. The amount of credits earned by a manufacturer in a given model year from TZEVs shall be expressed in units of credits, and shall be equal to the number of credits from TZEVs produced and delivered for sale in Colorado that the manufacturer applied towards meeting its ZEV requirement pursuant to California Code of Regulations, Title 13, Section 1962.2(b).

IV.A.4.Separate Credit Accounts. Credits and debits from a manufacturer's ZEVs, BEVxs, TZEVs, and NEVs shall each be maintained in separate accounts.

IV.A.5.Rounding Credits. ZEV credits and debits shall be rounded to the nearest 1/100th only on the final credit and debit totals using the conventional rounding method.

IV.A.6.ZEV Credits for MDVs. Credits from ZEVs and TZEVs classified as MDVs, may be counted toward the ZEV requirement for PCs and LDTs, and included in the calculation of ZEV credits as specified in this California Code of Regulations, Title 13, Section 1962.2(g) if the manufacturer so specifies.

IV.B. Calculating ZEV Requirement Performance for model year 2027 through 2032

IV.B.1. ZEV and PHEV vehicle values can be earned per vehicle delivered for sale in Colorado pursuant to California Code of Regulations, Title 13, Section 1962.4(d) and (e).

IV.B.2. Environmental Justice Vehicle Values can be earned per vehicle delivered for sale in Colorado and will be subject to the limitations and allowance pursuant to California Code of Regulations, Title 13, Section 1962.4.

IV.B.2.a. New ZEVs and PHEVs Provided for Use in Community-based Clean Mobility Programs. New 2024 through 2031 model year ZEVs and PHEVs provided for use in community-based clean mobility programs in Colorado will earn additional vehicle values that can be used to meet a portion of the manufacturer's Annual ZEV Requirement pursuant to California Code of Regulations, Title 13, Section 1962.4(e)(2)(A).

IV.B.2.b. Vehicles in Colorado Sold At the End of Lease to Participating Dealerships. ZEVs or PHEVs initially leased in Colorado and sold at the end of lease to a Colorado dealership participating in a financial assistance program will earn additional vehicle values that can be used to meet a portion of the manufacturer's Annual ZEV Requirement pursuant to California Code of Regulations, Title 13, Section 1962.4.

IV.B.2.c. New ZEVs and PHEVs below MSRP threshold. An additional vehicle value will be earned by a manufacturer for each 2026 through 2028 model year ZEV or PHEV delivered for sale in Colorado with an MSRP less than or equal to $20,275 for passenger cars and less than or equal to $26,670 for light-duty trucks. For purposes of this section, the MSRP values shall be adjusted annually, beginning in 2026 model year, per California Code of Regulations, Title 13, Section 1962.4(e)(2)(F).

IV.B.3 Early Compliance Vehicle Values. Manufacturers may fulfill a portion of their total Annual ZEV Requirement with early compliance vehicle values earned according to California Code of Regulations, Title 13, Section 1962.4(e)(3). The Early Compliance Vehicle Values can be earned for model year 2025 and 2026 in Colorado. The early compliance vehicle values earned in model year 2025 and 2026 can be used to meet manufacturers' Annual ZEV Requirement in model year 2027 through 2029 in Colorado.

5 CCR 1001-24-D-IV

46 CR 10, May 25, 2023, effective 6/14/2023

46 CR 21, November 10, 2023, effective 12/15/2023