India’s 2030 electric vehicle ambition could create INR 85,900-crore battery opportunity
A new report says that the nation would require an estimated annual battery capacity of 158 GWh to realize its 2030 electric vehicle (EV) adoption target. Meeting this potential demand would require investments exceeding INR 85,900 crore (US$ 12.3 billion) in case battery manufacturing is 100% indigenized.
Government planning electric vehicle charging kiosks at 69,000 petrol pumps
An underdeveloped charging ecosystem is one of the many factors restricting the uptake of electric four-wheelers in India. A limited number of products and higher costs than combustion-engine powered vehicles are the other deterrents.
Fortum gets Finnfund to accelerate EV charging infrastructure
The clean energy major has raised investment from Finnish impact investor Finnfund in its public charging point operator business Fortum Charge and Drive India.
Proposals invited to install EV charging stations on major highways and expressways
The second phase of the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME II) program offers incentives to deploy electric vehicle (EV) charging infrastructure.
Magenta Power and ematrixmile partner on EV charging network
Magenta’s tie-up with the app-based electric scooter rental service provider is aimed at setting up EV charging infrastructure in Maharashtra, and later nationwide.
Installers sought for 1,000 EV charging stations nationwide
Contractors will be required to identify sites and develop, operate and maintain interoperable electric chargers in more than 75 cities.
FAME II program backs more than 27,000 EVs
The second phase of the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles program offers purchase incentives for electric and hybrid vehicles and also supports charging infrastructure.
India could add 6,490 electric buses in next two years
The country’s electric bus market has gained momentum owing to aggressive government push through FAME India [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] scheme and increased interest from global investors.
Flipkart plans complete transition to electric vehicles by 2030
The e-commerce player has worked with design and manufacturing partners to procure electric vehicles (EVs) optimized for e-commerce deliveries. It is also planning to set up the necessary charging infrastructure close to its 1,400 supply chain premises to push the use of EVs.
The long read: PV + e-mobility = economic development
Mobility in rural Kenya is currently flooded with unsustainable CO2-emitting motorcycles that pose a threat to the environment and public health. But the electric tricycle is an environmentally friendly alternative, and Solar E-cycles – a homegrown Kenyan startup – believes a leasing model could unlock a ton of three-wheeled potential.
