Hero Electric Vehicles, India

Audit Analysis

Hero Electric Vehicles is a CDM transport project (AMS III.C v13) with VVB-confirmed additionality and a measured project-specific baseline, delivering exactly 100% of its claimed 376,466 tCO₂e over the full 2012–2022 crediting period. However, the absence of a buffer pool, a 0% leakage deduction justified only as 'deemed negligible,' unverified usage rates, and a contradiction in the additionality test type within the validation report introduce moderate integrity and claim-safety risks. Documentation is thin, with low extraction confidence, multiple unresolved material findings, and no monitoring reports in the evidence set.

Project Description

Red Flags

• ⚠Contradiction within the validation report: additionality test described as both 'combined' and 'common practice' in the same document (2012-09-26), undermining confidence in the additionality assessment
• ⚠Leakage deduction of 0% justified only as 'deemed negligible' with no quantified analysis of displaced-fuel displacement or vehicle export scenarios
• ⚠Six material findings and six corrective actions were raised in the validation report (including outdated CO₂ baseline database, missing sales data, and unverified biofuel blend compliance), indicating the project design had unresolved gaps at validation
• ⚠Usage rate assumed at 10,000 (km/vehicle/year) but no verified usage figure is available in the extracted record, leaving the core activity-level assumption unconfirmed

Credit Vintages

No issuances recorded on the registry.