China has completed its first EV charging carbon credit transaction, marking a significant step in integrating low-carbon transportation with carbon trading. The trade involved 1,962 tonnes of carbon reductions, facilitated by NaaS Technology Inc. in partnership with Hubei Zhongtan Asset Management Co., Ltd.
Since 2021, initiatives have been underway to incorporate carbon reduction mechanisms into EV charging infrastructure. A key development has been the introduction of an EV charging carbon account, allowing users to track and redeem carbon credits earned through daily charging activities.
The 1,962 tonnes of carbon reductions traded between 24 September and 29 October 2024 were collected via the Kuaidian platform, which partners with EV users to accumulate carbon credits. Through apps, mini-programmes, and third-party portals, users can authorise accounts to participate in carbon reduction programmes, earning credits that can be redeemed for charging fee discounts.
As of 30 June 2024, more than 800,000 users have registered for EV carbon accounts, demonstrating increased adoption of green mobility incentives and sustainable transport solutions.
Industry analysts highlight that EV charging carbon credit trading could become a key mechanism in transportation decarbonisation. By integrating carbon credits into green mobility initiatives, the sector contributes to China’s carbon neutrality targets while promoting clean energy solutions.
