Electric vehicles (EVs) and carbon credits are two of the most explored ways to address global climate issues. So far, the only benefactors have been companies that can buy carbon credits and earn governmental rebates. The end user cannot access this facility, putting them at the losing end of the ecosystem chain. The new crypto blockchain project C+Charge changes this dynamic by providing the required access via the CCHG token, which also serves as a network token for the project.
Electric vehicles are becoming more popular every day. These vehicles are regarded as the automotive industry's future, with more people appreciating their ability to operate without using fossil fuels. EVs are becoming increasingly popular due to their low cost and environmental friendliness, and the trend is expected to continue as more companies enter the industry.
The problem, however, is that EVs are also not yet optimized. Charging is a significant issue for EV owners, with many lacking easy access to charging stations. And as more people purchase these vehicles, it appears that the current charging infrastructure will be unable to meet the increased demand.
In the first half of 2022, the number of EVs driven increased by 87.5% in the United States alone. By comparison, the growth in charging port numbers was pegged to just 31%.
Besides this, there is also the problem of EV drivers lacking real-time information on the charging stations that are currently operational. Pricing for these stations is also not transparent, which means that EV owners have no way of knowing whether or not they are getting a good deal on their charging station costs. All of these obstacles will impede the global transition to EVs as well as the expansion of the
Read more on cryptonews.com