Article 1
Open ↗Regulation (EU) 2019/631 is amended as follows: (1) in Article 4, the following paragraph is inserted: ‘1a. By way of derogation from paragraph 1, for the three-year period comprising the calendar years 2025 to 2027, a manufacturer, including when it is a member of a pool, shall ensure that its average specific emissions of CO 2 over that period do not exceed its specific emissions target over that period. Those average specific emissions of CO 2 shall be calculated as the average over the three-year period of the annual average specific emissions of CO 2 weighted according to the number of newly registered vehicles for the manufacturer in each calendar year. The specific emissions target shall be calculated as the average over the three-year period of the annual specific emissions targets determined in accordance with point 6.3 of Part A or Part B of Annex I or, where a manufacturer is granted a derogation under Article 10, in accordance with that derogation, weighted according to the number of newly registered vehicles for the manufacturer in each calendar year. For each calendar year in which a manufacturer was included in a pool, the annual average specific emissions of CO 2 and the annual specific emissions target to be used for those calculations shall be the values for that pool.’ ; (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 CO 2 over those three years exceed its specific emissions target over the period 2025 to 2027.’.