The Indian Institute of Science (IISc), Bangalore has set up a solar-powered charging station to conduct the system’s impact assessment. The system—designed by UK-based renewable energy advisor GreenEnco—uses Vikram Solar’s 16 mono PERC solar modules of 400 Wp each, a hybrid inverter, and battery storage.
Magenta Power has installed street lamp integrated EV chargers at HPCL fuel stations in Delhi and Mumbai. The company aims to deploy 1000 units of these charging solutions across the nation this year.
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.
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.
The clean energy major has raised investment from Finnish impact investor Finnfund in its public charging point operator business Fortum Charge and Drive India.
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’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.
Contractors will be required to identify sites and develop, operate and maintain interoperable electric chargers in more than 75 cities.
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.
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