Industry
Electrical vehicles could help reduce the toxins we breatheedit
Delhi’s air quality has worsened to alarming levels with the onset of winter. Besides obvious methods to control air pollution, one solution that has long-term benefits could be a change in modes of transportation. Of these, a workable though (initially) expensive initiative would be electric vehicles (EV).
Procurement of electric buses: BEST rapped for ending contract illegallyedit
The Bombay Suburban and Electricity Supply (BEST) came under heavy fire from the Bombay High Court recently for unscrupulously terminating a contract pertaining to the supply of electric buses.
Competition
Electric vehicles: Reviving up, the Ather Energy wayedit
While electric automobiles are far from being mainstream, some companies around the world are trying to bank early upon the technology. In India, Ather Energy, which was founded by Tarun Mehta and Swapnil Jain in 2013, has developed an electric mobility solution for India, which it believes could turn out to be the perfect vehicle for the Indian customer.
International
BMW lays out its latest electric vehicle planedit
BMW is taking its time to launch its next all-electric vehicle after the BMW i3, which was launched back in 2013, but they now say that they are ready to roll out more EVs. CEO Harald Krüger laid out the group’s electric vehicle plan in a speech in Munich on Wednesday.
Hyundai Bets on EV Era With $250 Million Grab Investmentedit
Hyundai Motor Group agreed to invest an additional $250 million into Grab Holdings Inc. and sell a fleet of electric vehicles to the Singapore-based ride-hailing company as the automaker expands in mobility services.
The Battery Boom Will Draw $1.2 Trillion in Investment by 2040edit
The battery boom is coming to China, California and basically everywhere else—and it will be even bigger than previously thought. The global energy-storage market will surge to a cumulative 942 gigawatts by 2040, according to a new forecast from Bloomberg NEF published Tuesday, and that growth will necessitate $1.2 trillion in investment.
ABB Invests in the Future for e-mobility with New Research Centeredit
The $10 million, 3,600 m2 facility, due for completion in June 2019, emphasizes ABB’s commitment to advancing developments in the field of sustainable mobility. ABB recently gained global recognition by Fortune Magazine, which ranked ABB as #8 in its list of companies who are ‘changing the world’ for the advances it has made in e-mobility and EV charging.