EVs

To decarbonize the grid, India needs to add 40-50 GW of grid-scale renewable energy (solar and wind) capacity every year for the next few decades and phase out coal.  

India’s energy system requires investments totaling $12.7 trillion between 2022 and 2050 to reach net-zero emissions by mid-century.

The recently released Delhi motor vehicle aggregator and delivery service provider scheme envisages that aggregators and delivery service providers in Delhi will switch to an all-electric fleet by April 1, 2030.

The global sodium-ion battery market will grow at 16.2% annually to touch $2.6 billion by 2028. Major drivers include an increasing demand for these batteries as a lithium battery replacement for renewable energy storage and the growing trend towards low-speed electric cars.

BluSmart Mobility secured $37 million in equity and $5 million in venture debt in its latest funding round. It will use the funds to expand its EV fleet capacity to 10,000 over the next one year and penetrate deeper into megacities.

The DC fast electric vehicle (EV) chargers will be available at BPCL fuel stations between Delhi and Jalandhar. BPCL plans 200 such fast-charging corridors along national highways by March this year. 

A new report says Tamil Nadu could lower carbon emissions by over 36 million tonnes if 5-10% of all two-, three- and four-wheeler vehicle sales in the state during 2022-30 are converted to electric. 

The electric vehicle (EV) charging infrastructure, with over 150 charging points, is synced with the Magenta ChargeGrid Smart app that allows EV owners to check the real-time availability of charging stations and book slots.

As of 2020, only 13 cities in India had renewable energy targets and/or policies in place. These cities, however, are home to a significant 67.6 million people.

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.