A Transition to EVs is Needed

Fossil fuel-powered modes of transportation account for around 27% of global CO2 emissions, according to the US EPA, making transport a massive contributor to climate change. It is thus widely agreed that, if climate change is to be minimized, a transition towards electric forms of transportation is a top priority.

A big part of this transition to electric transportation is the adoption of electric vehicles (EVs). While not perfect – building EV batteries remains is very “dirty” business – the emissions associated with an EV over the course of its life are still substantially lower than with traditional fossil fuel vehicles.

And lower CO2 emissions aren’t the only reason to transition to EVs. More EVs on the road and less traditional fossil fuel vehicles means lower air pollution, which is particularly important in urban areas. Indeed, air pollution remains a leading cause of premature death worldwide.

EVs also reduce noise pollution, another big problem in urban areas. According to the UN, noise pollution has a negative impact on risks relating to cardiovascular and metabolic diseases.

EV Charging has Problems

Thanks to companies such as Tesla, who have driven rapid technological development in the EV space, making them better, cheaper and more accessible to individuals, the transition to EVs is well underway. Indeed, the number of EVs in the US rose 87.5% in the first half of 2022.

However, infrastructure is struggling to keep up. Over the same time period, the number of charging stations rose just 31%. Not only are there not enough chargers, but EV drivers lack real-time information as to which charging stations are currently operational and pricing isn’t transparent.

Another big problem with the existing EV charging setup is that, while EV makers and charging stations can accrue big carbon credit rewards, EV owners don’t get anything. These problems hinder the global transition to EVs, hampering our collective battle to slow climate change.

But one new crypto start-up is building a platform that it thinks can solve these problems. Enter C+Charge.

What is C+Charge?

C+Charge is developing a peer-to-peer blockchain-based electric vehicle charging payment system designed to open up the carbon credit reward market to the drivers of EVs, like Tesla.

EV drivers will use C+Charge’s currently in-development app to pay to charge their vehicles. They will pay using C+Charge’s native cryptocurrency CCHG and will be rewarded with carbon credits in the form of Goodness Native Tokens (GNT), which will be stored in their account on the C+Charge app.

GNT token represents a verified voluntary carbon credit and is backed by venture capital firms a16z Crypto and Samsung Next as well as fund manager Invesco. The more EV owners charge and drive and the more CCHG they spend, the more GNT they will earn.

CCHG owners also have an opportunity to earn carbon credits passively. There is a 1% tax on all transactions that C+Charge uses to purchase GNT carbon credits and then distribute them proportionately amongst CCHG token holders.

As well as acting as a payments platform for EV charging and a carbon credit tracker, C+Charge’s application will also help users easily geolocate nearby charging stations and will offer useful information such as real-time charger wait times and charging station technical diagnosis.

Visit C+Charge Here

How to Get Involved

C+Charge recently opened up a presale of its CCHG token in order to fund its development and investors have been rushing to secure their bag. Indeed, a crypto whale recently banked a massive $99,000 worth of CCHG tokens in one whack, as can be verified here on per BscScan.

In just a few weeks since the project launched its presale funding round, it has already raised over $250,000. C+Charge is currently selling its CCHG token, which will power its EV charging application, for 0.013 USDT, a highly discounted price according to some analysts. Some have gone as far as claiming the cryptocurrency could 10x when it launches on exchanges in just over two months.

Investors should also be aware that C+Charge is conducting a $50,000 giveaway. Investors must hold at least $100 of CCHG on the day of the draw to be eligible to win the prize.

Buy CCHG here

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