Centre Extends FAME-II Scheme For EVs: Report Updated On Thu, Mar 7th, 2024 by Saurenergy The Centre has decided to extend the FAME-II scheme (Faster Adoption and Manufacturing Electric Vehicles) for EV manufacturing and to boost faster adoption of EVs in the country. Earlier, the scheme was slated to end by March 31, 2024. According to media reports, the government has extended the scheme not to let any disruption affect […] Read more
Jindal Steel, Power Deploy 10 E-Buses, 27 E- SUVs At Angul In Odisha Updated On Tue, Feb 27th, 2024 by Saurenergy Jindal Steel & Power Ltd today announced the deployment of 10 electric buses and 27 electric SUVs at its Angul unit in Odisha, India. This initiative is in sync with JSPL’s commitment to environmental sustainability and decarbonization efforts. Naveen Jindal, Chairman of Jindal Steel & Power, flagged off the electric vehicles, reiterating JSP’s unwavering commitment […] Read more
Global Solar Installations Could Touch 574 GW In 2024, Predicts BloombergNEF Updated On Thu, Feb 22nd, 2024 by Saurenergy The latest report by energy think tank BloombergNEF forecasts that there could be solar installations of capacity as high as 574 GW this year. The new global PV outlook report says the new installations hit 444 GW in 2023 instead of having peaked at 413 GW as was predicted earlier by BloombergNEF. The research further […] Read more
France Slashes EV Subsidies By 20% For High Income Earners: Report Updated On Fri, Feb 16th, 2024 by Saurenergy The French government slashed subsidies on electric vehicles for the top 50 percent of high-income earners earlier this week. The aim behind this move by Paris is to control budget-related issues and manage expenditures for promoting electric and hybrid vehicle adoption. Therefore, the France government has reduced the subsidy by 20 percent. Under this new […] Read more
EV Charging Firm Magenta Mobility Triples Revenue In Fy23 Updated On Wed, Feb 14th, 2024 by Saurenergy Electric mobility and EV charging focused platform Magenta Mobility recorded an approximate threefold rise in scale to Rs 18.7 crore in the fiscal year ending March 2023. The same year, operations contributed over 63% of the total revenue. It generated a revenue of Rs 6.3 crore the preceding fiscal year with close to Rs 6 crore coming […] Read more
EV Start-Ups River And OTO Raise $40 Million & $10 Million Respectively Updated On Wed, Feb 7th, 2024 by Saurenergy As the electric vehicle industry in India is finding ways to steady rise, the start-ups in the EV ecosystem are strengthening the supply chain and expanding by garnering fresh funds. In fresh developments, EV maker River and EV finance firm OTO have raised $40 million and $10 million to further their businesses River Secures $40 […] Read more
Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion: BloombergNEF Updated On Thu, Feb 1st, 2024 by Saurenergy The latest report on Energy Transition published by energy think tank BloombergNEF said that the global investment in the low-carbon energy transition surged 17% in 2023, reaching $1.77 trillion. The report titled, ‘Energy Transition Investment Trends 2024 ‘, said that this number is a new record level of annual investment and demonstrates the resilience of […] Read more
BUDGET: EV Sector Pins Hopes On FAME-3, Tax Revisions Updated On Thu, Feb 1st, 2024 by Saurenergy With the expected culmination of the FAME-II scheme, Electric Vehicle (EV) manufacturers, battery makers and charging infrastructure developers have pinned hopes on the Union Budget 2024. The most awaited decision is on the likely announcement of the rollout of FAME-III with revised norms. The grapevine had it that the budget could turn the focus on […] Read more
Revolutionizing EV Charging: Is India Ready to Accelerate Into The Future With V2G? Updated On Thu, Jan 25th, 2024 by Saurenergy Vehicle-to-grid (V2G) technology marks a transformative phase in the intersection of Electric Vehicles (EVs) and power grids. This cutting-edge system allows electric vehicles to draw energy from the grid for charging and feed stored energy in vehicle batteries back into the grid when needed. V2G, often associated with bidirectional charging, establishes a dynamic relationship where […] Read more
