Article 19 CRTS credits: registration of ZE SPVs (CRTS participants)

(1)

Subject to paragraph (3), a CRTS participant acquires a CRTS credit for a scheme year for each ZE SPV of which it is the manufacturer and which—

(a)

is registered during the scheme year;

(b)

is a vehicle of category M1; and

(c)

is not a ZE wheelchair accessible SPV.

(2)

Subject to paragraph (3), a CRTS participant acquires one and a half CRTS credits for a scheme year for each ZE wheelchair accessible SPV of which it is the manufacturer and which is registered during the scheme year.

(3)

A CRTS participant may not acquire a number of CRTS credits in accordance with this article for a scheme year which exceeds the number which is the greater of—

(a)

the number of CRTS allowances allocated to that participant in accordance with article 13 for the scheme year; or

(b)

the number of units of activity in the CRTS which that participant has for the scheme year, measured in accordance with article 24.