Unfortunately, earning carbon credits is not as easy as it sounds. How does an individual or company earn carbon credits? Please contact AmpUp or a registered carbon credit processor for a more exact estimate. *The example above is for demonstration purposes only. A 50kW fast-charger could earn north of $14,000 per year with the same amount of usage. Furthermore, carbon credits represent an additional means of generating revenue for EV charging station owners, thus achieving a return on investment (ROI) sooner than anticipated.įor example, a standard Level 2 single-port charger (7.7kw) could earn a station owner ~$2,000 per year with medium usage of five charging hours per day. They provide a way to promote renewable energy and fight climate change. In October 2014, the California Air Resources Board (CARB) announced a proposal that would allow electric car charging points to count towards the state’s LCFS.Ĭalifornia carbon credits are expected to increase by about 66% by 2030!Ĭarbon credits help the environment. To cover their emissions, transportation companies in California purchase carbon credits from companies that reduce their emissions elsewhere. In 2010, California passed legislation that created the LCFS, which requires the transportation sector to reduce its greenhouse gas emissions by 10 percent by 2020. The most popular carbon credit market is the ‘ Low Carbon Fuel Standard’ (LCFS), specific to California. Individuals, companies, and municipalities are increasingly earning carbon credits on their own by installing and operating renewable energy generation and/or electric vehicle charging stations. Thousands of organizations and businesses, such as airline companies, purchase carbon credits to offset their emissions each year to make up for all the harmful gas burned during their operations. The credit can be auctioned, and a buyer pays the seller for the credit, which the seller then uses to offset one tonne of carbon dioxide. The credit is gained by making small positive contributions to the environment. In general, a carbon credit is a credit that offsets one tonne of carbon dioxide, the greenhouse gas that contributes to climate change. This post elaborates on this new opportunity and why it should be taken advantage of by those with EV charging stations. As such, EV charging station owners can now claim carbon credits for providing renewable energy.

Though many people see electric vehicles as a solution to this growing problem, there is still a need for EV charging stations to power these cars since they do not have the same range as traditional gas-powered cars. NovemBy Matt Bloom, Virg Bodyfelt, & Marko KujavicĪs demonstrated at COP26, national and local governments and energy providers around the world are increasingly concerned about the effects of climate change.

Charge of carbon