The electric vehicle (EV) industry is currently at an all time high, with surging demand and new tax credits provided by the Inflation Reduction Act of 2022 are poised to catapult this market to new heights. With the market expected to reach as much as $800 billion by 2030, the future of travel will increasingly be defined by sustainable, electric transportation.
Flowcarbon, a leading provider of carbon reduction solutions, and C+Charge, an EV charging and driving app that rewards users for driving smart, are joining forces to back the sustainable transportation movement. This will be the first platform that allows holders and drivers to earn carbon credits by utilizing blockchain technology to support payment, tracking, and management capabilities for EV charging stations. The Flowcarbon and C+Charge partnership will also include GNT in the customer rewards program.
In this way, C+Charge and Flowcarbon are pioneering a new frontier in sustainable driving. C+Charge will reward drivers with carbon credits for driving EVs that utilize the C+Charge charger network; these carbon credit rewards will be backed by Flowcarbon’s GNT token, providing ongoing liquidity for carbon credits and seamless offsetting functionality for C+Charge token holders and app users. Additionally, lack of pricing transparency in the EV and charging station world is a frequently overlooked industry issue. There are typically no signs or other indicators to tell EV owners what the charging market price is, making it hard to understand how the pricing scale translates to filling a vehicle. The C+Charge app provides the necessary pricing transparency for all users.
“This will be a first of its kind rewards system, where customers will be earning carbon credits in the form of Flowcarbon’s GNT token, giving EV owners the ability to take additional impactful action,” explains Phil Fogel, CBO Flowcarbon.
Current charging station infrastructure is inadequate to support the current number of EVs on the road. With projected numbers of EVs expected to increase exponentially in the coming years, the infrastructure for EV charging and payments is not properly developed to sustain the growth necessary for the widespread adoption of EVs. There is no set standard for charging customers while there is also a lack of uniformity in the payment gateways that are utilized across different charging stations. C+Charge has built a blockchain backed solution to solve these problems while giving the opportunity for holders to earn carbon credits, aiming to become the universal payment solution for EV charging stations in major cities globally.
“C+Charge is dedicated towards democratizing the carbon credit industry by providing a platform that rewards drivers with carbon credits while providing a seamless payment platform that provides transparent pricing across all charging stations. C+Charge provides a real-life use case for web3 blockchain powered network that provides real-world utility,” said Ryan Fishoff, Lead Strategic Advisor, C+Charge. “Flowcarbon provides an end to end solution for enabling the platform to incorporate and allow its users to earn carbon credits on chain, enabling C+Charge to fulfill its mission to allow EV drivers and token holders the ability to earn carbon credits. ”
C+Charge is democratizing the carbon credit industry by creating a blockchain powered platform that is the first on or off-chain network that rewards electric vehicle drivers with carbon credits, providing access to an industry that has previously been reserved for large corporations and entities. C+Charge is a OCPP compatible app that provides transparent pricing and streamlines payment for the EV charging industry, aiming to utilize blockchain technology to combine the carbon credit and EV industries, providing a real-life use case for web3 technology. To learn more visit our website.
Flowcarbon is a pioneering climate technology company that brings carbon credits onto the blockchain and facilitates the creation of new high-integrity carbon reduction and removal projects. Its mission is to make carbon markets accessible and transparent, enabling the efficient and early flow of capital to be invested directly into projects that combat climate change. Flowcarbon is committed to driving real impact for people, biodiversity, and the planet. To learn more about our work visit our blog.