Author: Economic Times of India Online News

Indian EV market to hit annual sales of 17 mn units by 2030: Report

The market share of lithium-ion batteries has been steadily growing, and in 2021, for the first time, the demand for these batteries exceeded the 1 GWh threshold. Mumbai: India’s electric vehicle market is expected to expand at a compounded annual growth rate of 49 per cent between 2021-2030, with the segment’s volumes set to cross… Continue reading Indian EV market to hit annual sales of 17 mn units by 2030: Report

e-Mobility push: Delhi proposes incentives one charging point for every 15 EVs by 2024 under new EV policy

In a major e-mobility push the Delhi government has proposed incentives for battery swapping facility operators and one public charging point for 15 EVs by 2024 in the new EV policy document. The government will soon onboard power distribution companies, or the discoms to study the impact of EV charging on the grid. The new… Continue reading e-Mobility push: Delhi proposes incentives one charging point for every 15 EVs by 2024 under new EV policy

Broker Marsh launches world first insurance for hydrogen projects

U.S. politicians earlier this month backed a $430 billion spending package that included support for a range of renewable energy sources such as hydrogen. LONDON – Broker Marsh, a unit of Marsh & McLennan, said on Monday it was launching the world’s first dedicated insurance for hydrogen energy projects, as the nascent industry looks to… Continue reading Broker Marsh launches world first insurance for hydrogen projects

Germany, Canada to boost energy, mineral ties as they decarbonize

German Chancellor Olaf Scholz met with Canadian Prime Minister Justin Trudeau on Monday morning during a three-day visit with a delegation of German company executives in tow. MONTREAL – Russia’s invasion of Ukraine is bringing Canada and Germany closer together, with Canada seeking to boost energy and critical mineral exports to Germany as both countries… Continue reading Germany, Canada to boost energy, mineral ties as they decarbonize

Won’t be very healthy to provide subsidy to EV buyers beyond a point: Delhi transport minister

Apart from incentives, the government has also waived road tax and registration fees for all EVs. New Delhi: Delhi Transport Minister Kailash Gahlot on Monday said it will not be “very healthy” to provide subsidies to buyers of electric vehicles beyond a point. He also said the government has set a target of having one… Continue reading Won’t be very healthy to provide subsidy to EV buyers beyond a point: Delhi transport minister

HDFC ERGO launches ‘All Things EV’ platform for present and future EV customers

Potential EV buyers can get information on all the EV options available in India, along with the cost of ownership and subsidies offered by different state governments. New Delhi: HDFC ERGO General Insurance Company, a private sector general insurance company, has launched ‘All Things EV,’ a one-stop-solution portal for electric vehicles (EV). In line with… Continue reading HDFC ERGO launches ‘All Things EV’ platform for present and future EV customers

My dream is to make green hydrogen available at $1/kg: Union Minister Nitin Gadkari

Union Minister Nitin Gadkari (PTI Photo/Atul Yadav)( Propagating the idea of the use of alternative fuels, Union Minister for Road Transport and Highways Nitin Gadkari on Sunday said green hydrogen is the future fuel. He said hydrogen can be made from petroleum, coal and biomass, organic waste and sewage water. He further said ‘my dream… Continue reading My dream is to make green hydrogen available at $1/kg: Union Minister Nitin Gadkari

India’s headline inflation may ease below 6% by March: Analysts

Despite signs of inflation having peaked in India, the outlook remains highly uncertain, members of the central bank’s monetary policy committee said in their report. MUMBAI – India’s headline retail inflation may ease below 6% by the fourth quarter of this financial year, bringing an end to the current cycle of rate hikes, analysts said… Continue reading India’s headline inflation may ease below 6% by March: Analysts

Have to make Indian infrastructure up to world standards: Union Min Gadkari

Union Minister for Road Transport and Highways, Nitin Gadkari Mumbai (Maharashtra): Union Minister for Road Transport and Highways, Nitin Gadkari on Sunday announced his decision to make Indian road infrastructure up to the road infrastructure standards of the USA, “before the end of 2024”. The Minister was addressing National Conference for Civil Engineers and Professionals… Continue reading Have to make Indian infrastructure up to world standards: Union Min Gadkari