Electric Vehicles

According to a new report by BloombergNEF, 58% of global passenger vehicle sales in 2040 will come from electric vehicles, yet they will make up less than 33% of all cars on the road.

Electric vehicles will account for 65-75% of new three-wheeler (3W) sales by 2030. Intra-city transport buses will see 25-40% EV penetration and two-wheelers 25-35%. In four-wheeler passenger vehicles, the market will be driven by shared mobility, while just 10-15% of new car sales for personal mobility will be electric.

Contractors will be required to identify sites and develop, operate and maintain interoperable electric chargers in more than 75 cities.

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.

The tracked green finance for climate mitigation was an average Rs 124 thousand crore (US$19 billion) for FY 2017 and FY 2018, representing only about 10% of what the country required. 

The program aims at supporting the development of innovative electric vehicle (EV) solutions like extending range through battery capacity improvements, and battery management, fast charging infrastructure, and mobile charging solutions for emergencies. Two startups shall be supported each year with up to INR 80 lakh each to complete proof of concept and develop prototypes. 

The industry needs to cut a dependence on electric vehicle battery imports from China, according to the road transport minister, who said the government is looking to support research into alternatives to lithium-ion technology.

The Gurgaon-based data-driven fleet service provider—which launched India’s first all-electric heavy-duty truck last year—will use Faradion’s sodium-ion batteries in its commercial vehicles.

Scientists at Germany’s Helmholtz Zentrum Berlin have made a discovery they say could greatly increase the energy storage capacity of titanium-based ‘MXene’ pseudocapacitors, ultimately leading to faster-charging batteries. The group found adding urea molecules between MXene layers increased the material’s storage capacity by up to 56%.

A range of up to 600 km is possible when Lithium-ion batteries are combined with metal-air batteries that the fossil fuel giant intends to produce in India under a partnership with Israel based startup Phinergy.