Assessment of the Carbon Credit Potential of an Electric Vehicle Charging Station

The electric vehicle charging station (EVCS) based carbon credit potential in the present study was evaluated for the Shell Recharge Charging Station at Pimple Nilakh, Pune, Maharashtra. The objective was to determine whether carbon credits could provide an incentive for the establishment of EVCSs. The calculations were carried out with the Verified Carbon Standard (VCS) Methodology VM0038 for Electric Vehicle Charging Systems, Version 1.0. We show that the system can produce about 191 carbon credits per year. These credits are worth a potential monetary value of up to ₹ 7,96,947.50 in the Indian voluntary market, and up to ₹ 9,92,372.74 in the international compliance market, depending on the prevailing carbon credit values. This is at a maximum of approximately 31% more value than the annual profit generated from the charging station in the Indian voluntary market. Therefore, these carbon credits have the potential to be a useful way to speed up the adoption of green mobility by rewarding the creation of electric vehicle charging infrastructure. The results of this assessment showed the potential of EVCSs to provide sustainable transportation support and generate economic benefits through carbon credit monetization. The present work highlighted the need to standardize the validation and trading of carbon credits generated from green mobility