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What does the "Participating" status on the home screen mean?

Participating means that your EV is actively participating in an equivent.

If your EV is actively participating in an equivent then 'participating' will be displayed on your home screen of the EV app.

Your charging will be paused during this time (usually for an hour). Once the equivent has ended your car will resume charging and you will earn points based on the amount of energy and CO2 you have saved.