The EV charging boom: A $1 trillion opportunity by 2040
The EV charging sector is on the brink of unprecedented growth, with a trillion-dollar investment forecasted by 2040. While the path to this future is fraught with challenges, it also offers immense opportunities for innovation and economic growth.
IndianOil, Sun Mobility sign battery swapping JV agreement
Indian Oil Corp. and Sun Mobility will form a 50:50 joint venture to undertake and operate battery-as-a-service solution for small-format electric vehicles in India.
Exicom launches India’s fastest DC charger for electric vehicles
Exicom’s Harmony Gen 1.5 DC Fast charger features a modular construction enabling power outputs from 60 kW to 400 kW. The charger is suitable for in-city, highways or heavy duty fleets.
India overtakes China to become world’s largest electric three-wheeler market
Electric three-wheeler (e-3W) sales in India surpassed 580,000 in 2023, compared to 320,000 sold in China.
Experion, University of Würzburg collaborate for R&D in energy systems and artificial intelligence
Experion and Germany’s Julius-Maximilians-Universität Würzburg have joined hands for research and development in the field of smart energy systems and vehicle-to-grid integration.
Building a circular economy for India’s self-reliance in battery materials
India is investing in facilities and infrastructure to recycle batteries and recover valuable materials like lithium, cobalt, and nickel. By doing this, we can reduce our need for new materials and minimize the environmental impact of battery production.
India’s ruling party pledges renewables, manufacturing focus in its poll manifesto
India’s ruling party Bharatiya Janata Party (BJP) has vowed continued focus on renewables, energy storage and electric mobility with a view to achieving energy independence for the nation by 2047.
Hyundai Motor, Kia partner with Exide Energy for EV battery localization in India
The partnership with Exide Energy enables Hyundai Motor and Kia to equip their future electric vehicles (EVs) in the Indian market with locally produced lithium-iron-phosphate (LFP) batteries.
Innovations in EV charging infrastructure
With the introduction of fast-charging stations, sophisticated battery technology, intelligent charging schemes, and bidirectional charging capabilities, electric vehicles are now more feasible, practical, and affordable than in the past.
Electric vehicle sales in India surged 42% YoY in FY2024
A new report by JMK Research says annual electric vehicle sales in India touched 1.67 million units in FY 2024, 42% up year-on-year. Among all segments, electric cars registered maximum YoY growth of 90% despite the availability of limited models in this segment.
