Increased EV Penetration to Boost Jobs and Lower Crude Imports in India: CEEW Updated On Tue, Nov 10th, 2020 by Saurenergy Increased EV penetration in India could help it save on crude oil imports worth over Rs 1 lakh crore annually and create 120,000 new jobs by 2030 A new study has found that India could save on crude oil imports worth over Rs 1 lakh crore (USD 14 billion) annually if electric vehicles (EVs) were […] Read more
EV Startup Ather Energy Raises $35 Mn in Latest Funding Round Updated On Mon, Nov 9th, 2020 by Saurenergy Electric two-wheeler manufacturer Ather Energy has raised USD 35 million in its latest funding round which was led by Flipkart co-founder Sachin Bansal Hero MotoCorp-backed electric two-wheeler manufacturer Ather Energy has announced that it has raised just over USD 35 million in its latest funding round which was led by Flipkart co-founder Sachin Bansal’s investment of USD 23 […] Read more
Inverted Energy Opens Lithium-ion Battery Manufacturing Facility in Delhi Updated On Fri, Nov 6th, 2020 by Saurenergy Inverted Energy has announced the opening of its new lithium-ion battery manufacturing facility in the Okhla Industrial Area in New Delhi. Delhi-based battery manufacturer Inverted Energy has announced the opening of its new lithium-ion battery manufacturing facility in the Okhla Industrial Area in New Delhi. The company stated that the commissioning of the plant, which currently has a production […] Read more
KPMG & CII Report on Shifting Gears: the Evolving EV landscape in India Updated On Wed, Nov 4th, 2020 by Saurenergy The report provides an understanding of segment wise propensity to transition to EVs by analyzing use cases and Total Cost of Ownership, and estimates the EV penetration by 2025 and 2030. It evaluates the policy framework and the readiness of the enabling ecosystem for EVs i.e. charging infrastructure, ownership models, localization of production, financing, and […] Read more
Electric 2W Penetration Might Reach 35%, e-3W 75% by 2030: Report Updated On Wed, Nov 4th, 2020 by Saurenergy A new report has predicted that electric 2W penetration in India is expected to reach 25-35 percent and that of e-3W at 65-75 percent by 2030. A new report has predicted that electric two-wheeler (2W) penetration in India is expected to reach 25-35 percent and that of e-three-wheelers (3W) at 65-75 percent by 2030. The report highlights […] Read more
Andhra Pradesh Planning to Install 400 EV Charging Stations Updated On Wed, Nov 4th, 2020 by Saurenergy The state government of Andhra Pradesh has decided to set up 400 electric vehicle (EV) charging stations across the state. The state government of Andhra Pradesh, in an attempt to promote the adoption of electric vehicles (EV), has decided to set up 400 electric vehicle charging stations across the state. And the TNN reports that […] Read more
Kinetic Green to invest Rs 1,750 cr in Electric Golf Cart, Battery Swapping Projects in AP Updated On Wed, Oct 28th, 2020 by Saurenergy EV maker Kinetic Green is looking to set up a manufacturing facility for electric golf carts besides a battery swapping unit at an investment of Rs 1,750 crore in Andhra Pradesh, a top company official said. Kinetic Green Energy & Power Solutions, which is a part of the Pune-based Kinetic Group, had in February 2018 announced setting up of a joint venture […] Read more
Delhi Govt Moves Ahead With EV Charging Infrastructure Plans Updated On Tue, Oct 27th, 2020 by Saurenergy The Delhi Government has been moving ahead with its plan to build an effective EV charging infrastructure across the capital for faster uptake of EVs The Delhi government has been planning to build on an effective Electric Vehicle (EV) charging infrastructure across the national capital for faster uptake of Electric Vehicles (EVs), and recently concluded the second meeting of the ‘Working Group […] Read more
Pandemic to Delay EV Penetration in India; 2Ws in the Clear: Ind-Ra Updated On Mon, Oct 26th, 2020 by Saurenergy Ind-Ra has detailed in its latest analysis that it expects the COVID-19 pandemic to delay the electric vehicle (EV) penetration in India. India Ratings and Research (Ind-Ra) has detailed in its latest analysis that it expects the COVID-19 pandemic to delay the electric vehicle (EV) penetration in India. The analysis cites low affordability and the […] Read more
