Do you own an electric vehicle?
The greenhouse gas reduction quota (GHG quota) has been in effect since 2022, aiming to reduce CO2 emissions in the transport sector. One innovative way to contribute to this goal is by owning a pure electric vehicle and selling your saved CO2 emissions. Here's a guide to help you understand the process and its benefits.
Owners of pure electric vehicles can sell their saved CO2 emissions to companies obligated to reduce their CO2 emissions annually. These companies may purchase certificates from third parties who save CO2, such as electric vehicle owners. The vehicle registration certificate part 1 serves as proof for the service provider.
To receive the GHG bonus, your electric vehicle must be registered with a special service provider who handles the processing. The applications are reviewed and certified by the Federal Environment Agency (UBA) before the service provider can sell the certificates to the fuel companies. After deducting a commission, the owners then receive their bonus.
The GHG bonuses apply to various vehicle classes, including electric cars, e-bikes, and e-trucks. Payments for privately owned electric cars are tax-free and do not need to be declared in the tax return. The amounts of the bonuses can vary, with forecasts of 50 to 80 euros per year for 2025.
However, it's essential to note that the market for GHG quota service providers can be confusing. Some handlers reserve the right not to pay out money for the CO2 quota transferred to them if they cannot find a buyer. Additionally, there is no payout guarantee in the general terms and conditions for the advertised amount, according to the ADAC. Consumers are advised to take enough time for selection and decision-making.
Some handlers make payment promises with restrictions, while Finanztip recommends fixed premiums, also called "guarantees," for a clear understanding of the payout amount. It's also crucial to keep an eye on the cancellation period if a reduction in the CO2 allowance is imminent with the current contract partner.
The deadline for the 2025 bonus is November 15. Applications for the current calendar year must be submitted to the UBA by October 31. Mineral oil companies are the primary buyers of these certificates, as they are obligated to reduce their CO2 emissions.
In conclusion, selling your electric vehicle's CO2 emissions is a great way to contribute to the reduction of CO2 emissions in the transport sector while earning a tax-free bonus. However, it's essential to research and choose a reliable service provider, understand the terms and conditions, and be aware of the deadlines to maximise your benefits.
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