The revised Annual LEV and ZEV Supply Regulation was promulgated on March, 25. With this revision, MOE seeks to promote the spread of LEV/ZEV by providing vehicle manufacturers with more flexibility to carry over, trade, convert excess credits. These measures are expected to help meet the supply target*.
* Current supply target
| Category | 2021 | 2022 | |
| LEV target (including ZEV target) | 18% | 20% | |
| ZEV target | 10% | 12% | |
| Differentiated supply target | 4% | 8% |
The revisions are follows:
- Redefine the “manufacturers subject to the ZEV supply target” :
“Manufacturers whose 3-year annual average sales volume for PCs and buses with a seating capacity of 15 persons or less has been 20,000 units or more since 2016 for three consecutive times. If the average sales volume is less than 20,000 units for three consecutive years, the manufacturer will be exempted from the ZEV supply target after two years from the corresponding year. However, the differentiated supply target may apply for the vehicle seller who has sold the annual average sales volume of 20,000 units or more and less than 100,000 units for the same period.”
- Flexibility means that the excess credits of LEV/ZEV can be carried over, traded, or converted.
- Excess LEV/ZEV credits may apply interchangeably at a different ratio.
- 3-year carry-forward of excess credits is allowed, etc.
