proposal for a regulation of the european parliament and of the council setting emission performance standards for new light commercial vehicles as part of the communitys integrated approach to reduce co2 emissions from light-duty vehicles 31 pages english french spanish . the objective of this proposal is to reduce the average co2 emission level of newly registered light commercial vehicles vans in the eu to 175 grams per kilometre g km . manufacturers must ensure that their newly registered vans meet on average a target set by the limit value curve. this requirement is phased-in and will cover 75 of the fleet in 2014 85 in 2015 and 100 as of 2016. the co2 limit value is based on a limit value curve that allows higher co2 emission levels for vehicles of a higher mass. if manufacturers average of co2 emissions exceeds the limit value curve by a number of g km an excess emissions premium has to be paid. this premium is calculated by multiplying the exceedance in g km by the number of cars sold and by a premium level. until 2018 the premium level is phased in for the first 3 grams starting with 5 for the first gram of exceedance rising to 15 for the second gram 25 for the third gram and 120 per gram thereafter. as of 2019 the premium of 120 will apply to every gram of exceedance. manufacturers can form pools to meet a joint target. small-volume manufacturers with eu sales volumes below 22 000 vehicles per year can apply for a derogation resulting in a special target being set for them. vehicles with extremely low emissions below 50g km will be given additional incentives whereby 1 low-emitting van will be counted as 2.5 vehicles in 2014 as 1.5 vehicles in 2015 and 1 vehicle from 2016. manufacturers can be granted a maximum of 7g km of emission credits on average for their fleet if they equi vehicles with innovative technologies eco-innovations that cannot demonstrate their co2-reducing effects under the type approval test. the regulation also sets a target of 135 g km to be achieved by 2020. confirmation of the target with the updated impact assessment the modalities for reaching this target and the aspects of its implementation including the excess emissions premium will have to be defined in a review to be completed no later than the beginning of 2013