How much money can you make with an electric car?
Anyone who owns an electric vehicle can earn several hundred euros per year through the so-called GHG premium. We explain what the bonus is all about and how you can turn your GHG quota into money.
The federal government has set itself the goal of reducing CO2 emissions by 65 percent by 2030. In the year 2045 the Federal Republic even wants to be climate-neutral.
In order to achieve this, the Bundestag has considered various measures. In the transport sector, this also includes the so-called GHG quota. It aims to make climate-friendly mobility more attractive. We’ll explain what’s behind it and how you can earn money with the GHG premium.
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THG stands for greenhouse gas reduction. Above all, mineral oil companies bring fossil fuels such as petrol and diesel into circulation and thus contribute to large CO2 emissions. The GHG quota is in turn the attempt by the federal government to reduce the emission of harmful gases from road traffic.
The Law The GHG quota stipulates that manufacturers of petrol and diesel fuels are obliged to reduce the emissions caused by production by a specified percentage.
This is where EV owners come in. Because electric vehicles produce significantly fewer greenhouse gases than petrol or diesel and are therefore also with the corresponding mineral oil companies very popular: You can have the CO2 savings of e-vehicles credited to you by buying emission certificates.
This is how much money you can earn from the GHG quota
E-car owners have been benefiting from the GHG quota since the beginning of 2022. So if you drive an electric car, you can sell emission certificates and collect a premium of several hundred euros in return.
According to current calculations, a bonus of around 300 euros is currently possible. However, it should be noted that the GHG quota can fluctuate depending on the market value.
This is how you can claim your GHG bounty
You don’t have to do much to get the GHG bounty. First, you can have the average power consumption of your e-vehicle estimated by the Federal Environment Agency. From this, the quota shares that you can trade are calculated.
However, since the quantities per individual electric vehicle are too small to market them alone, you have to handle the sale through a service provider.
The relevant providers collect large amounts of certificates and then sell them in bundles to a company that is subject to a quota. The proceeds are then paid out to the holders minus costs and margin.
You can get the GHG premium if your electric car is battery or fuel cell powered. So plug-in hybrids are not included. Fully electric trucks, buses and vans are also part of the funded vehicle pool.
But not only e-car owners can participate in quota trading. Anyone who drives an e-scooter or an e-motorcycle is also entitled to the bonus. The only requirement: the corresponding vehicle must be registered. In some cases, the GHG premium also applies to a wall box.
By the way: If you don’t sell your quota yourself, the federal government can by law decide to auction off the unredeemed GHG amount themselves. So don’t let your bonus expire.
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