Global sodium-ion battery market expected to reach $2.6 billion by 2028
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 raises $42 million to scale EV fleet, megacity operations
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.
BPCL launches 12 fast EV chargers on Delhi-Jalandhar highway
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.
Tamil Nadu could lower carbon emissions by over 36 million tonnes with 5-10% conversion to EV use
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.
Magenta sets up commercial EV charging hubs in Bengaluru
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.
In India, 67.6 million people live in cities embracing renewable energy in a big way
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.
FAME II program backs more than 27,000 EVs
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.
India could add 6,490 electric buses in next two years
The country’s electric bus market has gained momentum owing to aggressive government push through FAME India [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] scheme and increased interest from global investors.
India can become electric vehicle manufacturing hub within five years: Nitin Gadkari
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.
Gujarat to provide Rs 912 crore subsidy for rooftop solar this fiscal
The state budget for 2020-21 has also allocated Rs 125 crore under Pradhan Mantri KUSUM Yojana to solarize 18,500 grid-connected pumps and for standalone offgrid solar power agriculture pumps.
