BEV Owners can Earn Cash Trading CO2 Certificates

German micro-BEV maker Next.e.GO Mobile is offering its eco-warrior customers the ability to trade CO2 certificates for using its products.

The independent manufacturer of the e.Go Life urban runabout has partnered with energy provider, Fairnergy, so customers can sell their greenhouse gas (GHG) quota (CO2 certificates) via an app or on its website. It claims consumers can earn up to €300 ($) a year in the trades. In addition, the two partner companies offer customers the opportunity to use all or part of this credit, directly via the platform, to support their choice of selected sustainable projects.

The project follows on from several European Union directives and initiatives focused on addressing emissions reduction objectives across the continent by promoting a cost-effective and economically efficient solutions. EU ETS has been the world’s first installation-level ‘cap-and-trade’ system for cutting GHG emissions. EU Renewable Energy Directive (RED II) was introduced to address GHG reduction targets.

Germany’s National ETS (nETS) regulatory framework, that came into effect in 2021, aimed at complementing the EU ETS paving the way so that the GHG quota, legally assigned to a pure BEV, could be traded and sold. Next.e.GO Mobile will donate the monetary benefit from the GHG quota trade of company’s existing fleet, to support sustainable projects.

Ali Vezvaei, chairman of the board at Next.e.GO Mobile SE, said: “Leveraging our disruptive technology and innovation to drive emission-free urban mobility has been our north star. Including our customers in this journey and enabling them to benefit from their responsible choice, having opted for one of the most sustainable urban BEVs, is something that we also take very seriously at e.GO. By becoming the first independent BEV that offers its customers GHG quota trading, we are taking another important step towards making electro mobility even more attractive. Together with our truly sustainable partner we make the process as seamless and efficient as possible for our customers.”

— Paul Myles is a seasoned automotive journalist based in Europe. Follow him on Twitter @Paulmyles_

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