Media
Decarbonization of transport sector essential to reduce GHG emissions, achieve net-zero emissions by 2070: Union Environment Minister Shri Bhupender Yadav
- December 09, 2023
Source: Press Information Bureau
Decarbonization of the transport sector is essential to reduce the Greenhouse Gas (GHG) emissions and to meet the ambitious target of achieving net-zero emissions by 2070 set by Government of India, Union Minister for Environment, Forest and Climate Change, Mr Bhupender Yadav said. The Minister was speaking at a side event on India- US “Payment Security Mechanism (PSM)” for e buses in India. To achieve the goal of net zero emissions, the adoption of electric vehicles (EVs) plays a crucial role and given that buses serve the mass public, prioritizing electric buses is essential as a significant mode for decarbonizing the transport sector, the Minister went on to add.
Subsidy amounting to INR 5,228 crore given to electric vehicle manufactures on sale of 11,53,079 electric vehicles till December 1, 2023
- December 05, 2023
Source: Press Information Bureau
The Ministry of Heavy Industries (MHI) formulated Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) Scheme for a period of five years commencing from April 1, 2019 with a total budgetary support of INR 10,000 crore. Further, MHI sanctioned 6862 electric buses to various cities/STUs/State Government entities for intracity operations. Out of 6862 e-buses, 3487 e-buses have been supplied to STUs as on November 29, 2023.
Steps taken by the Government to boost domestic manufacturing of electric vehicles and to reduce the country’s dependence on imports
- December 05, 2023
Source: Press Information Bureau
Government has approved the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry in India to boost domestic manufacturing of Advanced Automotive Technology products and attract investments in the automotive manufacturing value chain with a budgetary outlay of INR 25,938 crores over a period of five years.
Infosys inks five-year collaboration with smart Europe GmbH to bring sustainable electric mobility to customers
- October 26, 2023
Source: Infosys
Infosys has signed a five-year collaboration with automotive marquee smart Europe GmbH to refine its Direct-to-Customer (D2C) business model in Europe. Through this strategic collaboration, Infosys will help smart Europe GmbH redefine the online EV buying experience and apply state-of-the-art Machine Learning (ML) models to accurately forecast sales and aftersales demand.
Project Green Light’s work to reduce urban emissions using AI
- October 10, 2023
Source: Google (Blog)
Green Light, a Google Research initiative, uses AI and Google Maps driving trends to model traffic patterns and make recommendations for optimizing the existing traffic light plans. City engineers can implement these in as little as five minutes, using existing infrastructure. Green Light is already live and helping to reduce emissions at intersections in 12 cities: Abu Dhabi, Bali, Bangalore, Budapest, Haifa, Hamburg, Hyderabad, Jakarta, Kolkata, Manchester, Rio de Janeiro and Seattle.
PLI Scheme for EV Makers
- July 25, 2023
Source: Press Information Bureau
PLI Scheme for Automobile and Auto Components industry in India incentives Advanced Automobile Technology (AAT) Products. EV is one of the AAT Products. As reported by the approved applicants under this PLI Scheme, Investment up to March 31, 2023 is ₹8,898 crore. However, no claim has been received for the FY 2022-23 and therefore there is no disbursement.
A total of 8,738 Public Charging Stations operational in the country
- July 21, 2023
Source: Press Information Bureau
Under Phase-II of FAME-India Scheme, incentives are provided to buyers of electric vehicles in the form of an upfront reduction in the purchase price of electric vehicles. The incentive is linked to battery capacity i.e. Rs. 10,000/KWh for e-3W and e-4W with a cap 20 % of the cost of vehicle. Further, the incentive/ subsidies for e-2W has been fixed @10,000/- per kWh with cap 15% of the cost of vehicle w.e.f. 01st June, 2023.
Critical minerals market sees unprecedented growth as clean energy demand drives strong increase in investment
- July 11, 2023
Source: International Energy Agency
The first annual IEA Critical Minerals Market Review shows that record deployment of clean energy technologies is propelling huge demand for minerals such as lithium, cobalt, nickel and copper. The market for energy transition minerals reached USD 320 billion in 2022 and is set for continued rapid growth, moving it increasingly to centre stage for the global mining industry.
Electric vehicle sales leapt 55% in 2022 - here's where that growth was strongest
- May 11, 2023
Source: World Economic Forum
The fastest growing markets last year were Indonesia, India and New Zealand. India experienced sales growth of 223% and New Zealand recorded a 151% increase in sales compared to 2021.
Demand for electric cars is booming, with sales expected to leap 35% this year after a record-breaking 2022
- April 26, 2023
Source: International Energy Agency
The new edition of the IEA’s annual Global Electric Vehicle Outlook shows that more than 10 million electric cars were sold worldwide in 2022 and that sales are expected to grow by another 35% this year to reach 14 million. This explosive growth means electric cars’ share of the overall car market has risen from around 4% in 2020 to 14% in 2022 and is set to increase further to 18% this year, based on the latest IEA projections.