Industry
Declining car sales reflect a big aspirational shiftedit
Forget for a minute the hand-wringing in India over declining vehicle sales. Worldwide, a car is no longer a cultural icon of desire for emerging generations. The numbers are there to prove that. According to a report from Germany’s Center for Automotive Research (CAR), the world car market is about to take its biggest hit since the financial crisis of 2008, with sales declining by more than 4 million in 2019 alone.
IOCL to tie up with a global start-up to produce EV batteriesedit
State-run oil refiner and marketer Indian Oil Corporation Ltd is foraying into energy storage and batteries for running electric vehicles (EVs) in partnership with an overseas start-up, using a non-lithium ion raw material available locally, Chairman Sanjiv Singh said today in Mumbai.
Goa likely to have e-charging stations for private vehiclesedit
By the end of this year, Goa will have charging stations for electric vehicles across the state. Housed at the various bus stands of the KTC, these charging stations will not only be used to power the electric buses of the Kadamba transport corporation limited (KTC) but also by the public for their private vehicles. “We have proposed 25 charging points at all the bus stands across Goa. The main charging stations will be at our depot,” said KTC managing director, Venancio Furtado.
Electric vehicles to cost the same as internal combustion engine counterparts in next 3-4 years: Amitabh Kantedit
Observing that India has 28 cars for every 1,000 people, much lower as compared to the US or Europe which have 980 and 850 cars for 1,000 people respectively, Kant said this means as India transits towards urbanisation the future will all be electric, shared and connected.
International
ARENA to invest $15 million for EV charging network expansion in Australiaedit
Australian Renewable Energy Agency (ARENA) has announced that it will invest $15 million in Evie Networks to expand ultra-fast battery electric vehicle charging network along Australia’s highways. In 2018, ARENA and CEFC published a report predicting that EVs will increase significantly in the next decade. A lack of fast charging infrastructure was identified as a barrier for the growth of electric vehicles.