Industry
EV no answer to air pollution: Chicago professor Michael Greenstoneedit
The government’s aggressive impetus to electric vehicles to reduce air pollution may be misplaced in terms of both emissions and cost, cautions University of Chicago professor Michael Greenstone, an energy and climate change expert helping Gujarat and Maharashtra in cutting particulate emissions from industries. The Milton Friedman professor in economics at the university says if the charging grid for EVs remained largely coal based, net impact on emissions could be in fact “worse.”
Govt will respond to automobile industry’s demand, says FMedit
Finance Minister Nirmala Sitharaman on Tuesday said the government would respond to the demands of the automobile industry, which is facing the worst slump in two decades. Sitharaman’s assurance to the auto industry came ahead of the GST Council meeting, slated for September 20. The FM, while speaking to the media here on 100 days of the Modi government 2.0, said, “We are conscious that we need to respond.”
Govt’s big plan to push EVs: Rs 40,000-crore subsidies in the worksedit
The government is considering more sops and benefits to push electric mobility in India — this time on the supply side. The plan is to spend Rs 40,000 crore on subsidies over the next 10 years, aimed at companies that will set up manufacturing units for batteries, parts of electric vehicles (EVs), or components supporting infrastructure like charging stations, Business Standard has learnt.
The hybrid road to EVsedit
It is raining sops for electric vehicles (EVs) these days. In her maiden Budget speech of FY20, finance minister Nirmala Sitharaman announced an income tax deduction of up to ₹1.5 lakh on interest paid on loans to buy EVs. And within days, the GST Council slashed the goods and services tax (GST) on these vehicles from 12% to 5%—the lowest indirect tax rate in the country.
Petrol, diesel demand in India to grow around 4.7% by 2025: Nayara Energyedit
India’s overall fuel demand will rise by an average of 4.7 percent a year through the fiscal year 2025 because of improving demand for gasoil as the country’s road transport network improves, the Chief Executive Officer for Nayara Energy B. Anand said on Tuesday. Chief executive B. Anand said he expects India’s fuel demand to grow 4.7% a year to 5.5 million barrels per day (bpd) through fiscal year 2025, and then 4% per year to 6.6 million bpd through 2030.
Data Analytics & A Sound Battery Management System Are The Future Of Electric Vehiclesedit
The key to the safe, reliable and efficient functioning of lithium-ion battery packs is the battery management system (BMS). Known as the ‘brain’ of the battery, it is an essential component of all low and high voltage lithium-ion battery packs. An electronic supervisory system, the BMS manages the battery pack and is responsible for measuring cell voltages, ensuring balanced charge cycles, state identification, and controlling crucial safety systems. It is essentially responsible for safeguarding the batteries from damage.
Competition
Olectra to scale up e-bus production to meet rising demandedit
At a time when automobile sector in the country is witnessing one of the steepest slumps in decades due to falling demand for cars and SUVs, the slowdown seems to have little impact on electric vehicle manufacturers. In fact, buoyed by the government’s focus on promoting less polluting e-vehicles, Olectra-BYD, the electric bus manufacturer, has undertaken expansion plan at its plant at Jadcherla, near Hyderabad in Telangana.
Mahindra Electric joins hands with Dassault Systemes for EV testingedit
Mahindra Electric Mobility of Mahindra & Mahindra (M&M) has partnered French multi-national software firm Dassault Systemes to use its technology for faster electric vehicle (EV) development. Dassault Systemes, part of Dassault Group, is popular for its 3DEXPERIENCE platform that is used world over for designing, testing, and simulation in a range of industries.
International
UK government announces 500 mn stg green investmentsedit
The British government said on Tuesday it will invest more than 500 million pounds ($616 million) in green technologies. Included in this will be a 400 million pound fund to develop rapid charging infrastructure points for electric vehicles. A further 143 million pounds will be invested in green projects, including greenhouse gas removal technologies and measures to address air pollution.
Ford to launch eight electric vehicles in Europe this yearedit
Ford Motor Co said on Tuesday it would launch eight electric vehicles in Europe this year, a key step in its target of achieving a majority of its overall sales from electric cars by the end of 2022. The launches include electric variants of the Kuga and Puma SUVs and the Mondeo sedan. The automaker also plans to launch 15 other electric vehicles by 2024 in Europe, including a new Mustang-inspired electric SUV next year.