As the world moves towards a greener future, electric vehicles (EVs) are playing a key role in reducing greenhouse gas (GHG) emissions. The global EV market is experiencing unprecedented growth, with sales expected to reach 14 million in 2023, a 35% increase from the previous year. But did you know that owning EV fleets and charging stations can also be a profitable opportunity for your business? Through the generation and sale of EV Tickets, you can monetize your commitment to sustainability and boost your revenue. But how does it work? How can your company take advantage of this scheme?
EV Tickets: A new Revenue Stream for Sustainable Businesses
EV Tickets are part of GHG quota scheme designed to incentivize emissions reduction. Businesses that operate EV fleets or charging stations can generate and sell GHG quotas to fuel suppliers who need to meet their quota obligations This creates a valuable additional revenue stream for businesses contributing to the transition to renewable energy.
For example, in Europe, GHG quota systems are integrated into the Renewable Energy Directive (RED II), which requires member states to reduce their carbon emissions through various initiatives, including EV adoption. By participating in these programs, companies can not only lower their carbon footprint but also generate income through the sale of their GHG quotas. In France, CPO can generate certificates from the TIRUERT mechanism and earn around 85€ per MWh distributed by charging points.
What is RED II and How Does it Support EV Adoption?
The Renewable Energy Directive (RED II) is a key piece of European legislation that sets ambitious targets for renewable energy use across the European Union. Its goal is to ensure that by 2030, at least 32% of the energy consumed within the EU comes from renewable sources. This directive covers multiple sectors, including electricity, heating, and notably transportation, with a particular focus on electrifying the transport sector as a strategy to reduce emissions.
RED II is particularly crucial for the transportation sector, which has traditionally been a major source of greenhouse gas emissions. The directive establishes a target that 14% of the energy used in transport must come from renewable sources by 2030. This is where EV Tickets come into play, as the electrification of transport through EVs (electric vehicles) and charging infrastructure is a cornerstone of the EU’s strategy to decarbonize this sector.
EV Tickets and the Monetization of GHG Quotas
Monetizing the GHG quotas allows companies to reinvest in expanding their EV infrastructure, accelerating the adoption of renewable energy solutions and contributing to the EU’s goal of climate neutrality by 2050. This mechanism is already in place in countries such as Germany, Austria, the Netherlands, Belgium, and France, with upcoming implementations in Italy, Spain, Poland, Portugal, and Finland. STX is actively covering all these markets, ensuring comprehensive support across Europe.
Advanced Biofuels and Renewable Energy in Transport
In addition to promoting electric vehicles, RED II places a strong emphasis on advanced biofuels—fuels made from waste and non-food feedstocks that significantly reduce carbon emissions. This aspect of RED II complements the push for electrification by ensuring that other renewable fuel sources are developed alongside EV infrastructure.
By encouraging the use of advanced biofuels and electric vehicles, RED II provides a holistic approach to decarbonizing transport, one of the most challenging sectors to transition away from fossil fuels.
How STX Can Help You Maximize the Value of EV Tickets
Navigating the regulatory landscape of GHG quotas and renewable energy requirements can be complex. At STX, we specialize in helping businesses maximize the value of their EV Tickets. From ensuring compliance with RED II regulations to selling GHG quotas at competitive prices, STX provides the expertise and network necessary to unlock the full potential of your EV fleets and charging stations.
Partnering with STX allows companies to seamlessly generate revenue from their sustainability initiatives while contributing to the EU’s ambitious climate goals. Whether you’re just starting to explore the benefits of EV Tickets or looking to optimize your returns, STX can guide you through every step of the process.
