Specific
NITI Aayog can play a role to make states EV ready: MD, Rocky Mountain Instituteedit
India has been grappling with the possibility of mass adoption of electric vehicles (EVs). No government has pushed EVs as much as the one of that of Prime Minister Narendra Modi. Every single day India adds 50000 vehicles on the road, that is two wheelers, three wheelers and cars. The car penetration level in India is still at just 18 per thousand. If you compare that to China which is over 70 and America which is over 700 per thousand, India’s levels are negligible.
Publication: CNBC TV18 and Money Control
Industry
India’s Plan To Sell Only Electric Cars By 2030 Deemed ‘Ambitious’ By IEAedit
India’s potential plan to sell only electric cars by the end of next decade would require nearly eight times the global stock of such vehicles, according to the International Energy Agency. The country would need to sell more than 10 million electric cars in 2030, compared with the almost 1.3 million on the road worldwide in 2015, the agency said in an emailed response to questions. The goal also equals 10 percent of the 2030 target for electric vehicles on the road globally agreed to in the Paris climate talks.
Publication: NDTV Auto
‘Electric vehicles to save $60 bn in fuel costs by 2030’edit
Accelerated adoption of electric and shared vehicles could save USD 60 billion in diesel and petrol costs while cutting down as much as 1 gigatonne (GT) of carbon emissions for India by 2030, says a joint report released today by Niti Aayog. It said however that the country faces challenges that signal the “gravitational pull of privately owned vehicles”.
Publication: ET Auto
Niti Aayog proposes incentives, subsidies for electric vehiclesedit
In what could form the basis of India’s new green car policy, the government may consider doling out both fiscal and non-fiscal incentives and subsidies to push sales of electric vehicles while discouraging the use of petrol and diesel-run vehicles, following a report from its think-tank Niti Aayog. According to the Aayog’s report on transformative mobility solutions unveiled on Friday, India can save as much as $60 billion in energy costs by 2030 and one gigatonne of carbon dioxide emissions between 2017 and 2030 if it adopts more electric and shared vehicles.
Publication: The Times of India
Renewable energy deals decline on falling solar power tariffsedit
Declining solar power tariffs have resulted in fewer clean energy deals because of concerns that electricity offtake commitments at higher tariffs may not be honoured. Deal makers and experts say that the proposed transactions for the solar projects with high tariffs are increasingly being put on a back burner in the backdrop of record low tariffs of Rs2.44 per unit recorded last week at Bhadla in Rajasthan.
Publication: Live Mint
Adani Group’s renewable energy arm may raise $200 millionedit
Adani Group’s renewable energy arm is seeking to raise external equity capital after having pumped in millions of dollars of its own money to build a pipeline of projects worth over 2 gigawatts (GW), two people aware of the development said. The proposed fundraising could see Adani’s renewable arm—Adani Green Energy Ltd—raise as much as $200 million (about Rs 1,300 crore), said one of the two people cited above, requesting anonymity, as the talks are private.
Publication: Live Mint