Industry
Government plans 50-100% subsidy for electric vehicle charging infrastructureedit
The Narendra Modi government is mulling a 50 to 100 percent subsidy to electric vehicle charging infrastructure, sources privy to the developments told CNBC-TV18. The matter has been already discussed by union heavy industries and the power ministry, and is seeking a cabinet nod, sources in the know told CNBC-TV18.
Budget 2019: Infrastructure, Renewable Sectors Seek Investment Boostedit
Representatives of the infrastructure and climate change sectors put forth Thursday their budget proposals to Finance Minister Nirmala Sitharaman, who will present the full Union Budget 2019 on July 5.
Competition
Ola accelerates electric vehicles plan, to sets up advanced technology center in San Francisco Bay Areaedit
As the government is reportedly looking to get ride-hailing companies Ola and Uber in India switch 40 per cent of their cars to electric by April 2026, Ola is ensuring that it progresses continuously on that part. The company is setting up advances technology center in San Francisco Bay in the US to turn vehicles electric, connected, and autonomous.
International
Chinese firm makes insane $23 billion investment in production of 1 million EVs/yr and 500 GWh of batteriesedit
Evergrande, a Chinese firm believed to be the biggest real estate company in the world and backers of electric vehicle startups like Faraday Future and NEVS, announced a massive $23 billion investment in the production 1 million electric cars and 500 GWh of batteries per year.
Chart: Electric Cars Cutting Gasoline Use By Hundreds Of Millions Of Gallons A Yearedit
As every Tesla driver knows, electric vehicles are more reliable, more convenient, cheaper to operate, safer and more fun to drive than legacy vehicles. However, the most important reason for the transition to electric driving is to reduce the use of polluting petroleum products.
Here comes roaming EV charging stations in USedit
After announcing the launch of Walmart based EV charging stations, Electrify America has partnered with ChargePoint to offer roaming charging points for the electric vehicles. This will help the owners on highways, where availability of charging stations are less. Also, this will help in expansion of zero emission mobility in coming days.
Hydrogen is the next game changer, says China’s electric cars visionary Wanedit
His vision to make China an electric-vehicle powerhouse revolutionized the global auto industry, cementing a move away from the combustion engine. Now, Wan Gang says get ready for the next game-changing moment.