Media
Lithium prices surged by nearly 500% in a year, posing threat to EV growth
- May 30, 2022
Source: HT Auto
Lithium price has increased by around 500 per cent in just one year, according to a Bloomberg report. With this massive surge in lithium price, the growth of electric vehicles is facing a threat, eventually threatening the clean air movement. This comes at a time when other components used in battery production have been impacted due to the war between Russia and Ukraine.
The price of key battery metals used in electric vehicle production is expected to fall in coming years
- May 29, 2022
Source: Business Insider
The price of battery metals used in the production of electric vehicles is expected to drop in the coming years, according to Goldman Sachs. As reported by Bloomberg, analysts say they expect the cost of cobalt, lithium, and nickel to decline in the next two years in response to over-investment in green energy ventures. Market corrections will drive down prices for the abundant supply of the metals, with lithium anticipated to experience the greatest adjustment.
India's auto component industry all set for electric vehicle shift
- May 27, 2022
Source: Business Standard
India’s auto component industry is all set to hitch its wagon to the electric vehicle (EV) revolution. According to a recent survey by the Automotive Component Manufacturers Association of India (ACMA), 60 per cent of its 800 members say that they are ready to supply to EVs, while the rest say that they will be prepared to do so later this year, or latest by 2023.
Rajasthan Electric Vehicle Policy approved to encourage adoption of EVs
- May 25, 2022
Source: HT Auto
Under the Rajasthan Electric Vehicle Policy, the state will reimburse INR 5000 to 10,000 SGST for two-wheeler EVs and INR 10,000 to 20,000 for the purchase of three-wheeler EVs, depending on the battery capacity. The primary objective of the EV Policy is to encourage electric vehicles’ adoption in the state.
Delhi gets GPS equipped, pollution free state-of-art 150 electric buses
- May 24, 2022
Source: NDTV
On an average, these buses can run between 140-180 kilometres after being charged fully for two-and-a-half to three hours. Along with zero emission, these buses are zero noise. In addition, they are equipped with GPS devices, ramps for the differently-abled, panic buttons, CCTV cameras and other security-related facilities,
Global electric car sales have continued their strong growth in 2022 after breaking records last year
- May 23, 2022
Source: IEA
Electric car sales powered through 2021 and have remained strong so far in 2022, but ensuring future growth will demand greater efforts to diversify battery manufacturing and critical mineral supplies to reduce the risks of bottlenecks and price rises, according to the International Energy Agency.
Delhi okays induction of 1,500 low-floor e-buses in public transport fleet
- May 14, 2022
Source: Business Standard
The Delhi government has approved the induction of 1500 low-floor electric buses in its public transportation fleet. The Delhi Transport Corporation (DTC) also decided to allocate 10 sites to various agencies for setting up Electric Vehicle (EV) charging stations and battery awapping stations under Delhi EV Policy 2020.
SUN Mobility, Greaves Electric Mobility sign MoU for battery swapping technology
- May 11, 2022
Source: The Financial Express
SUN Mobility, the energy infrastructure and services provider for electric vehicles (EVs) and Greaves Electric Mobility, one of the leading electric mobility companies in the country, have signed an MoU to work together and evaluate the best possible solution for the EV customer in the battery swapping segment. Through this venture, Greaves Electric Mobility also aims to enhance the EV ecosystem by offering an array of Multibrand smart mobility commuting options.
Country’s first organic waste-powered EV charging station inaugurated in Mumbai
- May 10, 2022
Source: The Indian Express
The station, a first-of-its-kind, will generate 220 units of electricity from food waste collected from its nearby areas, mostly from bulk generators like hotels and offices. Along with powering street lights, this energy plant will now charge electric vehicles too. The Brihanmumbai Municipal Corporation (BMC) is planning to set up organic waste-powered EV charging station in each of the 24 administrative wards.
Ashok Leyland's arm Switch Mobility to invest INR 1000 crore in electric vehicle plant
- May 10, 2022
Source: The Economic Times
Switch Mobility, the electric vehicle arm of Ashok Leyland, will be investing INR 1000 crore in a dedicated EV plant in South India, likely to be in the state of Tamil Nadu, on the outskirts of Chennai. The plan is to set up 30,000 units of E-LCV capacity and 10,000 units electric buses that will help Ashok Leyland to cater to to cater to rising demand for EVs for the last-mile goods and public transport.