Despite the possibility of a worldwide economic recession, India is expected to speed up highway construction this fiscal year, building the longest road ever in a single year. The ministry of road transport and highways (MoRTH) has set an internal target to build at least 45 km of roadways each day this year, according to… Continue reading MoRTH plans to build 45 km of road daily in FY24
Author: Economic Times of India Online News
Singapore’s AG&P in talks to acquire 70% in Hiranandani Energy
H-Energy had plans to build two LNG terminals at the cost of USD 3 billion – one in Jaigarh, Ratnagiri, Maharashtra and the second, a floating LNG import terminal off Haldia, West Bengal. Hiranandani Energy, which once had ambitions to build multi-billion dollar integrated energy infrastructure projects such as two LNG terminals and a pipeline… Continue reading Singapore’s AG&P in talks to acquire 70% in Hiranandani Energy
China’s Xpeng aims to cut costs with new vehicle manufacturing platform
Xpeng will build its G6 SUV, which will debut at the Shanghai auto show starting on Tuesday, as the first model to be built on the SEPA 2.0, according to the company. China’s electric vehicle (EV) maker Xpeng unveiled on Sunday a new platform it developed in-house for making vehicles, which it said will reduce… Continue reading China’s Xpeng aims to cut costs with new vehicle manufacturing platform
German auto association sees 2023 electric passenger car output up 50%
Mueller said the forecast was based on new e-models on offer and rising production at Tesla’s Gruenheide and Mercedes-Benz’s Bremen plants. Germany’s auto industry association VDA expects the number of electric passenger cars produced in Europe’s biggest economy to jump by 50% to over a million this year, due to rising foreign demand and carmakers… Continue reading German auto association sees 2023 electric passenger car output up 50%
China auto show highlights intense electric car competition
Beijing is winding down government support and shifting the burden to automakers by requiring them to earn credits for EV sales. Global and Chinese automakers plan to unveil more than a dozen new electric SUVs, sedans and muscle cars this week at the Shanghai auto show, their first full-scale sales event in four years in… Continue reading China auto show highlights intense electric car competition
EVs set to become more affordable as industry closes in on the price gap with fuel-run vehicles
That gap has now reduced to 73%, according to data from automobile consultancy firm Jato Dynamics. The price difference between battery-powered and fossil fuel-run passenger vehicles is narrowing fast, which industry executives expect will push more Indians to choose the greener option when they buy cars and SUVs. The average price of an electric passenger… Continue reading EVs set to become more affordable as industry closes in on the price gap with fuel-run vehicles
SIDBI launches new financing solution for electric vehicle space
Small Industries Development Bank of India has announced the launch of a pilot scheme for better financing terms in electric vehicle space and strengthening the whole ecosystem. The pilot phase of ‘Mission 50K-EV4ECO’ aims at strengthening the EV ecosystem, including uptake for two, three and four-wheelers through direct and indirect lending, Small Industries Development Bank… Continue reading SIDBI launches new financing solution for electric vehicle space
Japan, US agree to cooperate on geothermal energy
Both Japan and the U.S. are looking to export geothermal technology. Japan and the United States agreed Saturday to cooperate on developing geothermal energy, one of the most plentiful resources on this volcanic island chain. The memorandum of commitment was signed Saturday on the sidelines of a meeting of the Group of Seven energy and… Continue reading Japan, US agree to cooperate on geothermal energy
G7 agreed to accelerate phase-out of fossil fuels
The G7 have appointed themselves leaders in the global mission to decarbonise, and the communique sends an important political signal that sets the tone for energy and climate conversations the rest of the year. The Group of Seven nations agreed to accelerate the phase-out of unabated fossil fuels but fell short of sealing a deal… Continue reading G7 agreed to accelerate phase-out of fossil fuels
G7 ministers agree to cut gas consumption and speed-up renewable energy
The issue of emissions in emerging markets has long been a focus for developed countries. The Group of Seven rich nations have agreed to call for reducing gas consumption and increasing electricity from renewable sources while phasing out fossil-fuels faster and building no new coal-fired plants, France’s energy transition minister said on Saturday. G7 environment… Continue reading G7 ministers agree to cut gas consumption and speed-up renewable energy