Electricity Demand to Rise 62%; Generation Capacity to Triple by 2050 Updated On Thu, Jun 20th, 2019 by Saurenergy As a result, an aggregate investment of about USD 13.3 trillion is expected to be attracted in the sector, including USD 4.2 trillion in solar and USD 5.3 trillion in wind energy. The world’s power generation capacity is likely to triple between 2018 and 2050, as the demand for electricity may grew by 62 per […] Read more
EVs to Dominate Global Passenger Cars, Buses Sales by 2040: BNEF Updated On Mon, May 27th, 2019 by Saurenergy However, the heavy trucks sales will be limited to only 19 per cent in 2040 and will prove the hardest segment for electrics to crack, and their use case will mostly be in shorter-distance applications. One of the leading research firm Bloomberg NEF (BNEF) in it’s annual outlook for 2019 has analysed that electric vehicles […] Read more
SBI Cuts Loan Rates for Electric Vehicles Purchases Updated On Fri, Apr 26th, 2019 by Saurenergy In an effort to push the demand for electric vehicles, the State Bank of India (SBI) has reduced the rates of loans on purchase of electric vehicles. In an attempt to incentivize the consumers to shift towards green vehicles, SBI has cut rates on auto loans for the purchase of electric cars. Borrowers will get […] Read more
Mumbai Housing Complex Goes Solar, To Reduce Electricity Bill by 70% Updated On Tue, Apr 16th, 2019 by Saurenergy This would be the equivalent of reducing 140 diesel cars a month and around 1,700 such cars a year from Mumbai’s roads. In what is, perhaps, the largest renewable energy project in the city, a housing society in the Mumbai suburbs is looking at cutting its electricity bill by 70% by generating 700-kW solar energy […] Read more
China Cuts Electric Vehicle Subsidies To Push Innovation Updated On Thu, Mar 28th, 2019 by Saurenergy After a huge spike in sales of electric vehicles, China has announced plans to reduce subsidies for electric vehicles sold in the country. China said it’s scaling back subsidies on electric vehicles to encourage local manufacturers to rely on innovation rather than government assistance as the industry matures and costs fall. However, the cuts were […] Read more
Hyundai and Kia to Invest $300 Mn in Ola with Key Focus on Electric Mobility Solutions Updated On Fri, Mar 22nd, 2019 by Saurenergy The companies will collaborate on building a unique fleet and to develop EVs and charging infrastructure customised for the Indian market. Hyundai Motor Group and Ola have announced a strategic partnership under which Hyundai Motors and Kia Motors Corporation will make their biggest combined investment to date, as part the Group’s continued efforts to become […] Read more
Government Pushes Electric Mobility on Roads Updated On Tue, Feb 12th, 2019 by Saurenergy Mansukh Mandaviya in a written reply to a question in Rajya Sabha informed about all the activities undertaken in order to promote the electric vehicle sector. The Minister of State for Road Transport, Shipping and Chemical & Fertilizers, Mansukh Mandaviya in a written reply to a question in Rajya Sabha today informed that in order […] Read more
Cab Aggregators Urged to Launch Electric Taxis in Gujarat Updated On Wed, Jan 30th, 2019 by Saurenergy Gujarat government has asked cab companies to launch electric taxi’s in the state, to align with the states planned EV push and new electric vehicle policy. The Gujarat Government has asked cab aggregators the likes of Uber and Ola to launch electric taxis in the state. As the government plans for a big push for […] Read more
Porsche Builds First Zero Impact Factory for Electric Vehicles Updated On Thu, Jan 24th, 2019 by Saurenergy Porsche says that the facade of its new factory that will build the Taycan, its first all-electric vehicle, is coated with a material able to absorb nitrogen dioxide – a pollutant diesel cars were actually emitting. German automobile major, Porsche, which specialises in high-performance sports cars, SUVs and sedans, says that it is building a […] Read more
