The development comes at a time when the use of electric vehicles has grown rapidly in recent years to account for 2% of India’s annual sales of 4.2 million cars. India’s non-banking finance company Shriram Finance has consolidated its green finance business under Shriram Green Finance, it said on Friday, and targeted assets under management… Continue reading Shriram Finance targets INR 50 billion AUM from green finance business
Author: Economic Times of India Online News
Donald Trump aims at Joe Biden’s Inflation Reduction Act: EVs, clean energy and manufacturing
Trump advisers, meanwhile, have made a series of recommendations already that the Trump administration is expected to consider. President-elect Donald Trump has vowed to repeal Joe Biden’s signature climate bill called the Inflation Reduction Act, which initially aimed at some USD 400 billion in new spending and tax cuts and credits at accelerating America’s transition… Continue reading Donald Trump aims at Joe Biden’s Inflation Reduction Act: EVs, clean energy and manufacturing
India now has 25,202 public charging stations for EVs: Minister
As per the Vahan portal of the Ministry of Road Transport and Highways, the total registered electric two-wheelers in the country now stands at 28,55,015, with electric four-wheelers at 2,57,169 (as on December 4). As many as 25,202 public charging stations for electric vehicles (EVs) have been installed in the country to date, the government… Continue reading India now has 25,202 public charging stations for EVs: Minister
Tesla recalls nearly 700,000 vehicles in US over tire pressure monitoring system issue
Tesla recalled 1,858,774 vehicles in the September quarter, the highest in the U.S., but issues in all them could be rectified through software updates. Tesla said on Friday it was recalling 694,304 vehicles in the United States over an issue with the tire pressure monitoring system (TPMS). The TPMS warning light may not remain illuminated… Continue reading Tesla recalls nearly 700,000 vehicles in US over tire pressure monitoring system issue
Maruti Suzuki to introduce comprehensive charging infra along with eVitara
The company has always believed that to promote EV adoption, it needs to create a holistic ecosystem that simplifies customers’ battery electric vehicle ownership journey, he added. New Delhi: Maruti Suzuki India on Friday said it will introduce a comprehensive EV ecosystem, including charging stations and home charging solutions, alongside its first offering in the… Continue reading Maruti Suzuki to introduce comprehensive charging infra along with eVitara
US new vehicle sales set to rise 7.3% in December, says report
The seasonally adjusted annualised rate (SAAR) for total new-vehicle sales is expected to be 17.2 million units, up 1.1 million units. U.S. new vehicle sales are expected to rise 7.3% in December, aided by deeper discounts from automakers and dealers, industry consultants J.D. Power and GlobalData said in a joint report on Thursday. The rise… Continue reading US new vehicle sales set to rise 7.3% in December, says report
Tata Steel UK partners with JCB for green steel production
In October 2024, Tata Steel contracted with Tenova for the electric arc furnace and additional steelmaking equipment for the Port Talbot site. The transformation project is slated to begin in summer 2025. Tata Steel UK and JCB have partnered to supply low-CO2(‘green’) steel, marking a significant step in both companies’ decarbonisation efforts. This agreement ensures… Continue reading Tata Steel UK partners with JCB for green steel production
NGT notice to Delhi over use of banned petrol, diesel vehicles
The green body was hearing a BJP MLA’s plea, which claimed non-compliance with the norms by his “old official vehicle”. The National Green Tribunal (NGT) has sought a response from the Delhi government and others in a matter regarding banned petrol and diesel vehicles being used by the government authorities. According to the rules, diesel… Continue reading NGT notice to Delhi over use of banned petrol, diesel vehicles
States, environmental groups drop lawsuit over US Postal Service EV purchase plans
The Postal Service declined to comment on the dismissal but reiterated it believes it was fully compliant with environmental rules in acquiring its vehicles. A group of 16 states led by California and environmental groups dropped a lawsuit filed in 2022 that sought to block the U.S. Postal Service’s plan to buy mostly gas-powered, next-generation… Continue reading States, environmental groups drop lawsuit over US Postal Service EV purchase plans
UAEV announces adoption of recently introduced EV tariffs effective January 2025
Complementing the app, UAEV is launching a dedicated 24/7 call centre to provide instant support and assistance, ensuring seamless user experiences at all times. UAEV, the UAE’s first government-owned electric vehicle (EV) charging network, announced the adoption of the recently introduced EV tariffs by the Ministry of Energy and Infrastructure, effective January 2025. While these… Continue reading UAEV announces adoption of recently introduced EV tariffs effective January 2025