N.M. Code R. § 20.11.104.108 [Effective Until 12/31/2023] Zero-Emission Vehicle Credit Requirement, Reporting, and Compliance

• Library: New Mexico Administrative Code
• Edition: 2023
• Currency: Current through Register Vol. 34, No. 24, December 19, 2023
• Citation: N.M. Code R. § 20.11.104.108
• Year: 2023

A. Each manufacturer subject to 20.11.104 NMAC shall deliver for sale, offer for sale, sell, import, deliver, or lease motor vehicles certified as zero-emission vehicles in accordance with CCR, Title 13, Section 1962.2(a) in New Mexico.

B. Each manufacturer subject to 20.11.104 NMAC shall comply with the ZEV credit percentage requirement set forth in CCR, Title 13, Section 1962.2(b). Compliance shall be based on the motor vehicles subject to 20.11.104 NMAC and 20.2.91 NMAC that each manufacturer delivers for sale, offers for sale, sells, imports, delivers, or leases in New Mexico, and shall be determined on a statewide basis.

C. Before May 1 of each year, each manufacturer subject to 20.11.104 NMAC shall submit to the environment department a report detailing the credits generated or credits transferred to or from any manufacturer for each qualifying motor vehicle delivered for sale, offered for sale, sold, imported, delivered, or leased in New Mexico during the previous model year in accordance with CCR, Title 13, Sections 1962.2(c), (d) and (g). ZEV credit accounting shall be on a statewide basis. The report shall be prepared in the same format used to report credit history to CARB. If the manufacturer intends to use credits for future compliance with the ZEV credit percentage requirement at CCR, Title 13, Section 1962.2(b), the manufacturer shall record and certify the transaction in the ZEV credit bank.

D. Each intermediate volume manufacturer and large volume manufacturer shall open an account in the ZEV credit bank and submit information to the environment department for banking credits generated in New Mexico. Small volume manufacturers and...