Nikhil Dhaka, Vice President, Primus Partners, highlighted that electric vehicle (EV) buyers in India may earn minimal annual revenue, between Rs 200 and Rs 1,600, from carbon credits due to current market conditions and low CO₂ offset per vehicle. He highlights challenges in accurately measuring emissions reductions and integrating EV users into the carbon credit system. There is currently no global precedent for awarding carbon credits directly to EV buyers, although similar frameworks exist for manufacturers and charging networks in regions like China and California. With strong regulation and aggregation mechanisms, carbon credits could eventually serve as a meaningful incentive as India’s carbon market develops.