Mention
Bengaluru-based biotech startup Pandorum Technologies wins the Entrepreneurship World Cup (India)edit
Biotech startup Pandorum Technologies, which focuses on tissue engineering, took home the grand prize of Rs 5 lakh as it won first place at the 2019 Entrepreneurship World Cup (India), a series of the global pitch competition. The startup will, in November, represent India at the global competition in Riyadh along with the two runners-up.
Industry
Government’s EV push has oil industry worriededit
The overemphasis on Electric Vehicles (EVs) by the government has the oil and gas industry in India concerned. The industry feels that the prevailing situation will lead to investors and bankers having second thoughts on making investments in the oil and gas sector. The players under the aegis of Federation of Indian Petroleum Industry (FIPI), which represents Indian Oil Corporation, Reliance Industries, Nayara Energy, BP, ONGC to name a few, propose to take up the issue with the Ministry for Petroleum and Natural Gas.
Over 3K buses to be inducted by next May to augment public transport, Delhi govt tells SCedit
The Delhi government informed the Supreme Court on Monday that 3,035 buses, including 1,385 low floor AC and electric ones, will be inducted by next May to augment the public transport system in the national capital. In an additional affidavit filed in the apex court, the Delhi government said that the process of inducting 1,000 standard floor non-AC CNG cluster buses with hydraulic lifts, for differently-abled persons, will start this month and would be completed in February 2020.
Charged up for an e-vehicle revolutionedit
Despite the state’s eagerness to get e-vehicles up and moving, things seem to be moving at a snail’s pace. The fundamental reason? Experts cite ‘range anxiety’, which is the worry that the electric vehicle might run out of charge before reaching a charging station and leave the person stranded, as the primary reason for hampering the growth of e-vehicles. The solution? Sufficient charging points and vehicles with extended range.
India’s road map to vehicle electrification: EV affordability, charging infrastructure & skill developmentedit
India’s dream of becoming Detroit of electric vehicles got further boost once again since the Minister of Finance and Corporate Affairs Nirmala Sitharaman announced the additional tax relief of Rs 1.5 lakh on the interest paid on loans availed for purchasing electric vehicles. The government is making huge efforts in the direction of enabling green driving, eco-friendly mobility, and the making of a lucrative EV market. Although, less than 1% of vehicles in the country are electric.
International
Daimler Buses develops flexible, modular EV charging conceptedit
Preparing for the market launch of high-output charging, Daimler Buses has equipped its Mannheim bus plant in Germany with a central charging station for the fully-electric eCitaro. It can also be used to provide the newly released eCitaro with electricity via a pantograph.
The top miners are split on how to chase the EV battery boomedit
The world’s biggest miners, including BHP Group and Glencore Plc, are finally firm believers in the electric vehicle battery revolution — what they don’t agree on is which metals will deliver the best long-term exposure to the developing global market.
China will drive electric vehicle revolution driven by its battery industryedit
The electric vehicle revolution is coming, but it won’t be driven by the U. S. Instead, China will be at the forefront. My research on EVs, dating back a decade, convinces me that this global transformation in mobility, from petroleum-fueled vehicles to electric ones, will come sooner than later.
Oil Needs to Fall Below $20 to Compete With Green Alternativesedit
Wind and solar power can produce seven times more useful energy for cars, dollar for dollar, than gasoline with oil prices near current levels, according to BNP Paribas SA. Oil will have fall to $9-$10 a barrel in the long-term in order for gasoline cars to remain competitive with clean-powered electric vehicles, and to $17-$19 a barrel for diesel, Mark Lewis, global head of sustainability research at BNP’s asset management unit, said in a research report.