Electric vehicle sales in India surged 42% YoY in FY2024
A new report by JMK Research says annual electric vehicle sales in India touched 1.67 million units in FY 2024, 42% up year-on-year. Among all segments, electric cars registered maximum YoY growth of 90% despite the availability of limited models in this segment.
Tata Power sets up EV charging points in and around Ayodhya
Tata Power, in collaboration with Ayodhya Development Authority (ADA), has made Ayodhya electric vehicle (EV) ready by establishing EV charging points in and around the city.
How green credits and green loyalty programs are shaping a sustainable future
Green credits and green loyalty programs represent a burgeoning movement towards sustainability that transcends traditional environmental activism. They embody a partnership between businesses and consumers, where every green choice is celebrated and rewarded.
Electric mobility promotion scheme to keep the electrification pace intact: ICRA
Rating agency ICRA expects the penetration levels of electric two-wheelers and electric three-wheelers (excluding e-rickshaws) to reach 6-8% and 14-16%, respectively, by FY 2025.
Servotech Power Systems secures EV charger contract with Adani TotalEnergies E-Mobility
Servotech Power Systems has signed a contract with Adani TotalEnergies E-Mobility to manufacture, supply, install and provide maintenance of AC electric vehicle (EV) chargers at different Airports and other locations.
Gensol Engineering raises INR 900 crore equity through preferential round
Gensol Engineering, a solar EPC and electric mobility solutions provider, has raised INR 900 crore ($108.46 million) equity capital from international and domestic investors.
Budget expectations for solar, energy storage, and EV sectors
Dedicated funds for residential rooftop solar under ‘Pradhan Mantri Suryodaya Yojana’ and increased incentives for solar manufacturing MSMEs are on the wishlist of the Indian solar sector. In battery storage, players expect the inclusion of battery recycling within the PLI Scheme and continued investments in developing battery storage solutions.
Prices of Chinese EV battery cells fell by 50% at end of 2023, says TrendForce
Average sales prices of Chinese power cells at the end of 2023 were half of what they were at the start of the year, according to TrendForce. Despite the drop, the research firm says prices should stabilize in the second half of 2024.
Tata Power to deploy 500+ EV charging points across IndianOil retail outlets
Tata Power EV Charging Solutions will install fast and ultra-fast electric vehicle (EV) charging points at IndianOil retail outlets in major cities as well as across major highways in India.
Tesla Cybertruck can power your home and more
The company’s recently launched truck offers 11.5 kW of power output to homes, and 9.6 kW of output via five plugs.
