Article 54 VRTS credits: car clubs (SPV van manufacturers)
Subject to paragraph (3), an SPV van manufacturer acquires half a VRTS credit for a scheme year (in addition to any VRTS credit acquired under article 53 where applicable) for each ZE SPV of category N1 or ZE SPV of category N2 which falls within the description in paragraph (c) of the definition of “van” in article 3(1)—
of which it is the manufacturer and which is registered during the scheme year; and
which is to be used exclusively by a car club for the provision of a car club service for a period of 18 months from the date it is registered.
The administrator must record in the registry the expiry of a half CRTS credit acquired by an SPV van manufacturer under paragraph (1) if—
the administrator gives written notice to the SPV van manufacturer that it is satisfied that a ZE SPV mentioned in paragraph (1)(a) is not being, or has not been, used in accordance with paragraph (1)(b); and
the SPV van manufacturer has not traded that half VRTS credit in accordance with article 58.
Where an SPV van manufacturer receives, before 1st November 2031, a notice from the administrator in accordance with paragraph (2)(a) and it has traded in accordance with article 58 a half VRTS credit acquired under paragraph (1) to which that notice applies, the SPV van manufacturer must forfeit a half VRTS credit to which it becomes entitled under paragraph (1) for each half VRTS credit to which the notice relates.
The administrator may not give a notice in accordance with paragraph (2)(a) where—
the car club has ceased to use the ZE SPV for the purposes of offering a car club service because the vehicle has sustained damage; and
the Secretary of State has been notified of that in accordance with paragraph 1 or 2 of Schedule 3A to the Road Vehicles (Registration and Licensing) Regulations 2002.