Abstract: A continuously variable transmission comprising a main shaft (2), a fixed flange (14) and a movable flange (16), a first cam system comprising a cam plate (22) provided with cam surfaces (24), and corresponding cam followers (28), a second cam system also comprising a cam plate (40), provided with cam surfaces (42) and corresponding cam followers (46). During a normal forward rotation of the driven pulley (10), corresponding to a forward motion of the vehicle, the first cam system is automatically disabled and the position of the movable flange (16) is governed by the second cam system. However, under motor-braking conditions, the first cam system takes over the control and the second cam system is disabled. Similarly, the first cam system governs the position of the moveable flange (16) during normal reverse rotation of the driven pulley (10) and the second cam system takes over the control under motor-braking conditions as the vehicle is traveling rearwards.