February 1 is the last date to submit applications for setting up the electric vehicle (EV) charging stations in 70 plus cities across the country. The selected company shall also provide operation and maintenance support.
A 50% fall in the price of Lithium-ion battery packs—to $76/KWh from $156/KWh today—will make the capital cost of electric vehicles lower than combustion vehicles. However, to realise the full benefits of EVs, it is important to charge them with clean power and not fossil power.
BHEL’s scope of work includes complete engineering, procurement and construction (EPC) solutions from concept to commissioning of EV charging stations. EESL, on the other hand, will make the entire upfront investment on services, along with the operation and maintenance of the infrastructure.
Of these, 1633 charging stations will be fast charging stations and 1003 slow charging stations. With this, about 14,000 charging stations will be installed across the selected cities.
The investment—part of a $592 million assistance package—will be used to promote adoption of smart meters, distributed solar photovoltaic systems and e-vehicles in India.
The electric vehicle (EV) charging infrastructure will come up in South Delhi Municipal Corporation area over a 10-year period, starting with installation in 18 locations within 6 months from the effective date.
Under the partnership, Magenta will install its electric vehicle charging solution ChargeGrid Pro at Lodha Group’s real estate projects in Mumbai, delivering installation to charging support, round-the-clock service, and maintenance support.
The recycling market will experience a tenfold expansion between last year and 2030, driven by EV battery usage and portable electronics. Retrieving valuable metals and minerals is becoming a high priority and several dozen companies are already in position for the first big wave of end-of-life batteries.
Range anxiety continues to be an obstacle to electric vehicle take-up but the nation’s willingness to embrace car-sharing and other workarounds offers plenty of promise to the sector, according a World Economic Forum report.
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