The Vehicle Emissions Trading Schemes (Amendment) Order 2024
The Vehicle Emissions Trading Schemes (Amendment) Order 2024 is a new piece of legislation that was introduced in the UK on 7 November 2024. The Order amends the Vehicle Emissions Trading Schemes Regulations 2021, which were introduced in 2021 to implement the UK’s Emissions Trading Scheme (ETS) for vehicles.
The main changes introduced by the Order are as follows:
- The scope of the ETS is expanded to include all new cars and vans, regardless of their fuel type. This means that all new petrol, diesel, hybrid, and electric vehicles will be subject to the ETS from 2025.
- The emissions targets for new vehicles are tightened. The average emissions of new cars and vans will have to be reduced by 30% by 2030, and by 50% by 2035.
- A new system of penalties is introduced for manufacturers who fail to meet the emissions targets. Manufacturers who exceed their emissions targets will have to pay a penalty of £95 per gram of CO2 per kilometer above the target.
The Vehicle Emissions Trading Schemes (Amendment) Order 2024 is a significant step forward in the UK’s efforts to reduce vehicle emissions. The Order will help to accelerate the transition to zero-emission vehicles and improve air quality in the UK.
Key Points
- The Vehicle Emissions Trading Schemes (Amendment) Order 2024 amends the Vehicle Emissions Trading Schemes Regulations 2021.
- The Order expands the scope of the ETS to include all new cars and vans, regardless of their fuel type.
- The emissions targets for new vehicles are tightened.
- A new system of penalties is introduced for manufacturers who fail to meet the emissions targets.
- The Order is a significant step forward in the UK’s efforts to reduce vehicle emissions.
Background
The UK’s Emissions Trading Scheme (ETS) for vehicles was introduced in 2021. The ETS is a cap-and-trade system, which means that manufacturers are given a certain number of allowances each year. Each allowance represents one tonne of CO2. Manufacturers can buy and sell allowances to each other, and the price of allowances is determined by the market.
The ETS is designed to encourage manufacturers to reduce the emissions of their vehicles. Manufacturers who exceed their emissions targets will have to pay a penalty, while manufacturers who reduce their emissions below their targets will be able to sell their excess allowances.
Impact
The Vehicle Emissions Trading Schemes (Amendment) Order 2024 is likely to have a significant impact on the UK automotive industry. Manufacturers will need to invest in new technologies to reduce the emissions of their vehicles. The Order is also likely to lead to an increase in the price of new vehicles.
However, the Order is also expected to have a positive impact on the environment. The Order will help to accelerate the transition to zero-emission vehicles and improve air quality in the UK.
Conclusion
The Vehicle Emissions Trading Schemes (Amendment) Order 2024 is a significant piece of legislation that will have a major impact on the UK automotive industry and the environment. The Order is a step forward in the UK’s efforts to reduce vehicle emissions and improve air quality.
The Vehicle Emissions Trading Schemes (Amendment) Order 2024
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UK New Legislation a new article on 2024-11-07 16:20 titled “The Vehicle Emissions Trading Schemes (Amendment) Order 2024”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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