EV Drivers Can Now Use Crypto to Charge Their Cars and Earn Carbon Credits – Here's How to Get Involved
Since Elon Musk's Tesla was launched, there has been an increase in the number of electric vehicles, and consumers are more willing than ever to replace their internal combustion engine vehicles with electric ones.
However, the EV charging and payments infrastructure is not sufficiently developed to support the growth required for its widespread adoption.
A new crypto project, C+Charge, has proposed a network application and utility token to solve the economic and infrastructure issues preventing the EV industry from growing.
The platform's native crypto token, $CCHG, powers the entire ecosystem and has had an impressive presale. At the time of writing, the presale had raised over $2.6 million.
Industrialization and globalization increased the demand for fuel and power. This growth was powered by fossil fuels, resulting in the exploitation of natural resources and, unfortunately, an increase in carbon emissions that were detrimental to the environment.
To curb this, many countries worldwide came together to create a protocol in order to encourage the reduction of rising carbon emissions in society.
The concept of carbon credit was developed as a financial incentive for major firms to make products that would reduce or eliminate carbon emissions. And introducing electric vehicles (EVs) is one of the steps the automobile industry has taken to reduce carbon emissions.
Carbon credit is an authorization to emit a specific quantity of carbon dioxide or other greenhouse gasses. The emission of one ton of any greenhouse gas is equivalent to one carbon credit.
Large firms are rewarded for reducing their carbon dioxide emissions. However, they must incur additional costs if they exceed the limit.
The carbon credit market is expected to
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