Stellantis Korea Turns EV Miles into Cashable Carbon Credits for Owners

Stellantis Korea recently announced that owners of its electric vehicles (EVs) can convert the mileage they have accumulated into carbon credit rewards. The company, through a carbon credit specialist, Hooxi Partners, will trade these credits and return the money as a reward to vehicle owners. This turns miles driven into a green credit benefit.
The move, the first in Korea, marks a novel incentive. Stellantis Korea doesn’t only offer discounts or rebates. They view driving an EV as building a true carbon reduction “asset.” By turning EV use into carbon credits, the company lets EV owners share in the carbon credit market. Korea’s carbon credit market is expanding with the Korea Emissions Trading Scheme (K-ETS) and the activation of voluntary transactions, and global automakers are also expanding customer benefit models that use carbon credits.
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