(1)

Regulation (EU) 2019/631 of the European Parliament and of the Council (3) sets the CO2 emission performance standards for new passenger cars and new light commercial vehicles that form a key part of the Union framework to reduce net greenhouse gas emissions by at least 55 % compared to 1990 levels by 2030 and to achieve economy-wide climate-neutrality by 2050.

(2)

In response to a request from stakeholders for additional compliance flexibility on CO2 targets as regards the period 2025 to 2027, it is appropriate to urgently adopt an amendment that provides for a one-off flexibility for those three years in respect of calculating compliance with CO2 emission performance standards, while maintaining the targets for reducing CO2 emissions.

(3)

During the period 2025 to 2027, manufacturers should ensure that the average specific emissions of CO2 of their vehicles do not exceed an emissions target, calculated as the average of their annual specific emissions targets over that period. Compliance with those targets should be assessed at the end of the three-year period for each individual manufacturer. The excess emission premiums should be calculated accordingly.

(4)

In order to align the pooling provisions with the additional compliance flexibility in the years 2025 to 2027, it should be possible to enter into pooling agreements for the calendar year 2025 or 2026 until the end of 2027.

(5)

Since the objective of this Regulation, namely to provide additional flexibility for the CO2 compliance in the period 2025 to 2027 while preserving the CO2 emissions reduction requirements for both new passenger cars and new light commercial vehicles, cannot be sufficiently achieved by the Member States, but can rather, by reason of its scale and effects, be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve that objective.

(6)

In view of the urgency to provide an additional flexibility for the CO2 compliance in the period 2025 to 2027 while preserving the CO2 emissions reduction requirements for both new passenger cars and new light commercial vehicles, it is considered to be appropriate to invoke the exception to the eight-week period provided for in Article 4 of Protocol No 1 on the role of national Parliaments in the European Union, annexed to the Treaty on European Union, to the Treaty on the Functioning of the European Union and to the Treaty establishing the European Atomic Energy Community.

(7)

Regulation (EU) 2019/631 should therefore be amended accordingly,

(1)

in Article 4, the following paragraph is inserted:

(2)

in Article 6(2), the following subparagraph is added:

‘By way of derogation from the first subparagraph, an agreement to form a pool covering the calendar year 2025 or 2026 may be entered into up to 31 December 2027.’

(3)

in Article 8(1), the following subparagraph is added:

‘By way of derogation from the first subparagraph, with respect to the calendar years 2025 to 2027, the Commission shall impose an excess emissions premium on any manufacturer whose average specific emissions of CO2 over those three years exceed its specific emissions target over the period 2025 to 2027.’.