Electric vehicle (EV) battery market will grow annually at 30%, growing almost six times to 28 GWh from 4.75 GWh in 2018. The EV infrastructure will grow at double the pace (60% annually), reaching 50,000 units from less than a thousand in 2018.
The government has supported 425 electric buses on pilot basis since the launch of FAME India [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] scheme that—in its second phase—aims to support (through incentives) about 7000 e-buses over a period of three years commencing from April 1, 2019.
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.
The company has already partnered with Fortum for fast charging and Delta Electronics India for slow charging segments. The latest partnership follows Ministry of Power’s revised guidelines for EV charging infrastructure that permit private charging at homes and offices.
Vehicle-to-grid functions could soon become increasingly important. While policymakers discuss the necessary regulations in other nations, the Netherlands government is motoring ahead with the technology.
The charging stations—located at the resorts of Haryana Tourism Corporation Ltd at Ambala, Kurukshetra, Karnal, Panipat and Samalkha (Sonepat)—are equipped with a rooftop solar power plant each to supply green energy for electric vehicle chargers.
The Australian Renewable Energy Agency will contribute $15 million towards a planned nationwide network of ultra-fast charging stations that could show the way ahead for electromobility in India.
A minister said an unnamed private investor had proposed an 800 MW solar project in the state on top of a 900 MW scheme being carried out with Japan. But the chairman of power giant NTPC said AI and digitization should be used to extend coal burning for decades to come.
The fossil fuel giant announced the plan in its latest annual results. The company envisages rolling out electric vehicle chargers at its petrol and diesel stations.
Energy Efficiency Services Limited will provide the funding with authorities in the planned city offering up sites and electricity connections under an agreement announced yesterday.
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