The future is electric, once again
They were quite the rage more than 100 years ago in the early 1900s, with EVs constituting over a third of all vehicles sold in the United States. Source link
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Tag: Electric vehicles
36,000 public EV charging guns needed by 2030 to meet demand: Study
About 400 potential spots for setting up the stations have been identified, like IT parks, metro stations, fuel stations, shopping malls, and Regional Transport Office zones, etc. | Photo Credit: file photo A study conducted by the Centre for Study of Science, Technology, and Policy (CSTEP), a Bengaluru-based think tank, shows that in order to […]
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IFC to invest ₹600 crore in M&M’s new last mile mobility company
I The International Finance Corporation (IFC) has announced to invest ₹600 crore in a new last mile mobility (LMM) company ¬ a wholly owned subsidiary of Mahindra & Mahindra that will be newly incorporated (NewCo). A gamechanger for microentrepreneurs in India, the funding is aimed at transforming the lives of micro entrepreneurs, operating electric three […]
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EVs will increase India’s dependence on China for raw materials, battery production: GTRI report
Electric vehicles by various manufacturers on display in Thiruvananthapuram. File | Photo Credit: Mahinsha S Manufacturing of electric vehicles (EVs) in India will increase its dependence on China for raw materials, mineral processing, and battery production, according to a report of by economic think tank GTRI. The Global Trade Research Initiative (GTRI) also said that […]
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Auto components industry to grow 10-15% in FY24: ACMA
The domestic components industry is benefitting from the manufacturing of components for internal combustion engines (ICE) moving to India. | Photo Credit: PERIASAMY M. India’s auto components industry is expected to grow around 10-15% in FY24, driven by both domestic and export market demand despite fears of a recession in major markets of the U.S. […]
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Tata Motors sees increasing EV adoption in rural India
Tata Motors said it has seen increasing adoption of passenger car electric vehicles (EVs) in rural India and the demand was growing. “Since the introduction of Tiago EV, we have seen growing demand and increasing penetration of EVs in small towns,” said Vivek Srivatsa, Head, Marketing, Sales & Service Strategy, Tata Passenger Electric Mobility Ltd. […]
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Seeking investments, PM Modi says India’s potential in green energy no less than a goldmine
Prime Minister Narendra Modi stated that the government is very focussed on bio-fuel and it will bring a lot of opportunity for investors. File photo | Photo Credit: ANI Prime Minister Narendra Modi on Thursday, February 23, 2023, sought investments in green energy sector saying that the country’s potential in renewable energy is no less […]
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Watch | Business Matters | Why is the discovery of lithium in Jammu & Kashmir a big deal for India?
Why is the discovery of lithium in Jammu & Kashmir a big deal for India? The last few days have seen a bit of excitement over the Geological Survey of India’s assertion that Jammu & Kashmir could hold an ‘inferred estimate’ of 5.9 million tonnes (mt). What does it mean for India? As we figure […]
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Corporation to have a ‘green’ Budget this year
Thiruvananthapuram Corporation will be having a ‘green budget’ this year with proposals for more electric vehicles, increasing green cover and conversion to solar power in most government buildings in the city, according to official sources. The civic body is set to present the budget for the 2023-24 financial year on March 10. It is also […]
Continue ReadingTransition of India’s entire fleet of two-, three-wheelers to electric needs $285bn financing: World Economic Forum
Representational image only. The complete electrification of India’s entire fleet of two- and three-wheelers, the largest in the world, will require financing to the tune of $285 billion (nearly ₹23 lakh crore), according to a new white paper. Published in collaboration with NITI Aayog, the World Economic Forum (WEF) paper said the last-mile and urban […]
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