In January, we announced the Clean Car Standard, which requires vehicle importers to improve the emissions profile of new and used imported vehicles coming into New Zealand. The clean vehicle standard will regulate the supply of high-emission vehicles by requiring vehicle importers to comply with carbon dioxide emissions targets. This standard will apply to importers of new and used light vehicles. Importers of new vehicles will be required to comply with applicable targets on an annual basis across their fleet of vehicles. Charges will apply where the carbon dioxide emissions across the fleet of imported vehicles exceed applicable targets. Used vehicle importers can apply to comply on an annual basis, but by default will be required to comply when they import each vehicle, and charges will apply where their carbon dioxide account does not have sufficient credits to cover the emissions of the vehicle.