Specific
SUN Mobility wins Technology Commercialisation Award at CleanEquity® Monaco 2019 – Hosted by Innovator Capitaledit
CleanEquity® Monaco 2019, the forum for emerging sustainable technology and resource efficiency companies, hosted by Innovator Capital and the Monaco Economic Board, closed on Friday, 15th March with the Awards Ceremony in the presence of H.S.H. Prince Albert II of Monaco.
Industry
Govt may ease norms for EVs to qualify for FAME incentivesedit
The government is looking to make it easier for electric and hybrid vehicle makers to qualify for subsidies, after realizing that none of the firms would be able to meet the existing specifications.
India Should Adopt Smart Solutions Like Swappable Batteries To Popularise Electric Vehicles: Ashok Jhunjhunwalaedit
In the late 1950s when India chose to supply cooking gas to households, the government of the day then chose to provide liquefied petroleum gas (LPG) in cylinders instead of the more expensive piped gas connections.
International
China toughens subsidy programme for new energy vehicle companiesedit
China has raised its standards for new energy vehicles (NEV) that qualify for subsidies and reduced the amount it is willing to provide to relevant companies, as it looks to wean the sector off government support. The country rolled out a generous 5-year subsidy programme for the NEV sector in 2016 to support sales and encourage innovation. But it has been slowly rolling back the programme and plans to phase out subsidies after 2020 amid criticism that some firms have become overly reliant on the funds.
German finance minister wants to extend electric car incentivesedit
German Finance Minister Olaf Scholz said he wants to extend tax incentives for electric vehicles and plug-in hybrids for another decade. Germany is trying to boost electric car sales in response to a diesel emissions cheating scandal that has engulfed the auto industry in the last three years.