10 C.F.R. Subpart F—Alternative Fueled Vehicle Credit Program
Title 10 - Energy
This subpart implements the statutory requirements of section 508 of the Act, which provides for the allocation of credits to fleets or covered persons who acquire alternative fueled vehicles in excess of the number they are required or obtain alternative fueled vehicles before the model year when they are first required to do so under this part. This subpart applies to all fleets and covered persons who are required to acquire alternative fueled vehicles by this part. A fleet or covered person becomes entitled to alternative fueled vehicle credits by— (a) Acquiring alternative fueled vehicles, including those in excluded categories under section 490.3 of this part and those exceeding 8,500 gross vehicle weight rating, in excess of the number of alternative fueled vehicles that fleet or covered person is required to acquire in a model year when acquisition requirements apply; or (b) Acquiring alternative fueled vehicles, including those in excluded categories under section 490.3 of this part and those exceeding 8,500 gross vehicle weight rating, in model years before the model year when that fleet or covered person is first required to acquire alternative fueled vehicles. (c) For purposes of this subpart, a fleet or covered person that acquired a motor vehicle on or after October 24, 1992, and converted it to an alternative fueled vehicle before April 15, 1996, shall be entitled to a credit for that vehicle notwithstanding the time limit on conversions established by sections 490.202(a)(3) and 490.305(a)(3) of this part. (a) Based on annual credit activity report information, as described in section 490.507 of this part, DOE shall allocate one credit for each alternative fueled vehicle a fleet or covered person acquires that exceeds the number of alternative fueled vehicles that fleet or person is required to acquire in a model year when acquisition requirements apply. (b) If an alternative fueled vehicle is acquired by a fleet or covered person in a model year before the first model year that fleet or person is required to acquire alternative fueled vehicles by this part, as reported in the annual credit activity report, DOE shall allocate one credit per alternative fueled vehicle for each year the alternative fueled vehicle is acquired before the model year when acquisition requirements apply. (c) DOE shall allocate credits to fleets and covered persons under paragraph (b) of this section only for alternative fueled vehicles acquired on or after October 24, 1992. At the request of a fleet or covered person in an annual report under this part, DOE shall treat each credit as the acquisition of an alternative fueled vehicle that the fleet or covered person is required to acquire under this part. Each credit shall count as the acquisition of one alternative fueled vehicle in the model year for which the fleet or covered person requests the credit to be applied. (a) DOE shall establish a credit account for each fleet or covered person who obtains an alternative fueled vehicle credit. (b) DOE shall send to each fleet and covered person an annual credit account balance statement after the receipt of its credit activity report under section 490.507. (a) Any fleet or covered person that is required to acquire alternative fueled vehicles may transfer an alternative fueled vehicle credit to— (1) A fleet that is required to acquire alternative fueled vehicles; or (2) A covered person subject to the requirements of this part, if the transferor provides certification to the covered person that the credit represents a vehicle that operates solely on alternative fuel. (b) Proof of credit transfer may be on a form provided by DOE, or otherwise in writing, and must include dated signatures of the transferor and transferee. The proof should be received by DOE within 30 days of the transfer date to the Office of Energy Efficiency and Renewable Energy, U.S. Department of Energy, EE-33, 1000 Independence Ave., SW., Washington, DC 20585 or such other address as DOE publishes in the (a) A covered person or fleet applying for allocation of alternative fueled vehicle credits must submit a credit activity report by the December 31 after the close of a model year to the Office of Energy Efficiency and Renewable Energy, U.S. Department of Energy, EE-33, 1000 Independence Ave, SW., Washington, DC 20585 or other such address as DOE may publish in the (b) This report must include the following information: (1) Number of alternative fueled vehicle credits requested for: (i) alternative fueled vehicles acquired in excess of required acquisition number; and (ii) alternative fueled vehicles acquired in model years before the first model year the fleet or covered person is required to acquire vehicles by this part. (2) Purchase of alternative fueled vehicle credits: (i) Credit source; and (ii) Date of purchase; (3) Sale of alternative fueled vehicle credits: (i) Credit purchaser; and (ii) Date of sale.
Title 10: Energy
PART 490—ALTERNATIVE FUEL TRANSPORTATION PROGRAM
Subpart F—Alternative Fueled Vehicle Credit Program
§ 490.500 Purpose and Scope.
§ 490.501 Applicability.
§ 490.502 Creditable actions.
§ 490.503 Credit allocation.
§ 490.504 Use of alternative fueled vehicle credits.
§ 490.505 Credit accounts.
§ 490.506 Alternative fueled vehicle credit transfers.
§ 490.507 Credit activity reporting requirements.
