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electric vehicles

Growth Of EV Market Highest In China, EU, Says WRI Report

Global energy think tank World Resource Institute (WRI), in its recent report on ‘State of Climate Action’, highlights that the share of electric vehicles (EV) in passenger car sales has grown at an average annual rate of 65%. It’s a rise from 1.6% of sales in 2018 to 10% in 2022. For the first time in […]

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With IRA Boost, Energy Storage Demand Likely To Surge Six-Fold: SEIA

The Solar Energy Industry Association (SEIA) has released a report stating that over the next one decade, lithium-ion battery would witness a surge in global demand due to the unprecedented investment in solar. This was attributed to the production incentives bolstered through the Inflation Reduction Act (IRA) in the United States (US). SEIA’s report titled, […]

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Top 5 Reasons Why India’s Power Demand Exceeded Projections

India’s power demand has been rising steadily. The country’s higher than anticipated peak demand has been in the news, with peak demand touching a lifetime high of 223 GW in June 2023 when peak deficit touched 0.17 percent. As per the Load Generation Balance Report (LGBR) released by the Central Electricity Authority, the peak demand […]

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Orxa Energies & Nunam Technologies Partner to Repurpose Batteries

Electric vehicle firm Orxa Energies has joined hands with Nunam Technologies, a startup delving into the reuse of electric vehicle batteries. The partnership sets sights on circular value chain for Orxa’s batteries. The goal is particularly for its flagship electric motorcycle, Mantis. Nunam Technologies will be responsible for extending the life of Mantis batteries, repurposing […]

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US Continues Clean Energy Support With $3.5 Billion For Battery Manufacturing

As part of its Bipartisan Infrastructure Law, the Biden administration in the US has announced a new round of federal funds to underpin a strong domestic manufacturing. Administered by the Department of Energy (DoE) this $3.5 billion package is the second part of a large $6 billion-plus program that started awarding funds to applicant firms […]

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Five Clean Energy Sectors Employ Around 9 million Workers: IEA Report

A latest report from the International Energy Agency (IEA) titled World Energy Employment (WEE) 2023 mentions five sectors that employ around 9 million workers today. Among these sectors, solar PV is reported to be the largest, creating around 4 million jobs. On the other hand, manufacturing of EVs and their batteries has reportedly been the […]

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Australian Multi-utility ActewAGL Initiates Establishment of 58 EV Chargers

ActewAGL, an Australian multi-utility joint venture firm that provides utility services in the Australian Capital Territory (ACT) and south-east New South Wales as well as the Australian Parliament House, has set sights on the installation of 58 new electric vehicle (EV) chargers. These will be established across the Parliament House premises. The initiative began with […]

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Top 5 Reasons Why Solid State Batteries Are Just Around The Corner

Electric Vehicles (EVs) across the world are now seeing wider adoption. A 2023 report from the International Energy Institute (IEA) states that in 2022 alone, the world saw sales of around 10 million electric cars. The advent of Lithium-ion batteries gave a fillip to the industry with its energy density and recharging virtues. However, even […]

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Gensol Engineering Reports 24% Growth in PAT in H1 of FY24

Public-listed renewable company–Gensol Engineering Limited released its latest consolidated financial results for the first half of the year and quarter ending September 30, 2023. As per the financial statements of the firm, it reported an 88 percent increase in its revenue in the H1 of FY23 compared to the last H1 of FY23. Founded in […]

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