Mention
NERv Technology Wins 2019 Entrepreneurship World Cup Global Finalsedit
Kitchener-Waterloo healthtech startup NERv Technology, which provides a sensory monitoring system designed to detect complications following abdominal surgeries, has been awarded first place at the 2019 Entrepreneurship World Cup (EWC) global finals in Riyadh, Saudi Arabia.
How Tata Auto Comp plans to mount the ambitious $3 billion revenue target?edit
Tata Auto Component (TACO), a Tata Sons-owned auto parts manufacturing company worth Rs 6,000 crore, which has announced its ambitions to be a $ 3 billion (about Rs 20,000 crore) company by 2024, is adopting a fresh strategy to deal with the impact of the slowdown.
Industry
Andhra faces threat of global arbitrationedit
Softbank Energy of Japan has 350 Mw of solar projects in AP. The Japan International Cooperation Agency, which is government-owned, has also lent to several renewable energy companies in India. Several other global financiers which have exposure in AP are IFC (World Bank), Brookfield, Goldman Sachs, Abu Dhabi’s sovereign fund Abu Dhabi Investment Authority, the Canadian pension fund, and the Asian Development Fund.
112 EV charging stations ready for rolloutedit
By December, the city is likely to have 112 electric vehicle (EV) charging stations, including 12 fast-charging outlets. The Bangalore Electricity Supply Company (Bescom) has missed its August 2019 deadline, but sources said that they are confident that all 112 stations will be up and running by the first week of next month.
Electrifying the future: Electric Vehicles can ensure Long-Term Sustainabilityedit
The Indian government has set an ambitious target to promote the adoption of electric vehicles (EVs) in the country. By 2023, it plans to convert 100% of its three-wheelers into battery-run vehicles. By 2025, this rule will be applicable for most two-wheelers as well.
Only 11% Amdavadis use public transport: Studyedit
On the face of it, the much-hyped public transport system involving BRTS and AMTS buses should have increased use of public transport by Amdavadis. However, the opposite has happened. Compared to 15% of the population using public means to commute in 2013, only 11% use it today — a fall of 4%. A study involving 21,000 citizens, undertaken by Faculty of Planning at CEPT University, has revealed that inefficient public transport is the prime reason citizens avoid using it. According to those surveyed, commuting via private vehicles is more convenient than public transport.
Electric bus demo run to start in city soonedit
The Capital Region Urban Transport (Crut) will facilitate a demo run of electric buses of different companies to induct them into city buses services. The model electric bus — which will be used for trial operations — arrived in the city from Hyderabad on Monday. The trial run will start from Friday and continue for 10 days.
Plan to introduce electric buses in Andhra Pradesh droppededit
The Andhra Pradesh State Road Transport Corporation (APSRTC) has dropped the move to introduce 350 electric buses. On the directions of the state Chief Minister Y S Jagan Mohan Reddy, the APSRTC cancelled its tender floated in September seeking to deploy the electric buses.
2.85 Lakh buyers of electric/hybrid vehicles provided subsidy under Fame India Schemeedit
Subsidy of Rs 360 crore provided under FAME India Scheme. Benefit of incentives to buyers of mild hybrid vehicles under Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in (FAME-INDIA) scheme was withdrawn with effect from 1 April 2017 based on the third party evaluation of Phase-I of FAME India Scheme.
The real mainstream: Hydrogen or electric vehicles?edit
Exasperated with the status of air pollution in the region, the Supreme Court recently directed the Union government to explore the feasibsility of using hydrogen technologies as a permanent solution to the air pollution in Delhi-NCR and other parts of North India. In the past also, the Supreme Court has shown interest in getting hydrogen-fueled buses on NCR roads. The question is: Are hydrogen vehicles the best solution to clean the air of Delhi-NCR?
Urban India will soon have at least one EV charging station every 3 kmedit
The government is going full throttle in its efforts to realise the ambition of making India an electric vehicle hub by 2030. In the first phase of Electric Vehicles (EV) rollout plan, the power ministry is targetting 4 billion-plus population cities under the EV policy initiative. It plans to cover all the state capitals, union territories, major highways and key cities under the second phase.
Competition
MG Motor sets up first public charging stn ahead of EV launchedit
MG Motor India on Tuesday announced installation of the first charging station at its flagship showroom in Gurugram ahead of the launch of its first electric vehicle (EV) SUV, ZS. The 50 KW DC charging station has been installed by the domestic subsidiary of the Finland-based clean energy major, Fortum Charge and Drive, a release said.
International
Why the electric-car revolution may take a lot longer than expectededit
A new report from the MIT Energy Initiative warns that EVs may never reach the same sticker price so long as they rely on lithium-ion batteries, the energy storage technology that powers most of today’s consumer electronics. In fact, it’s likely to take another decade just to eliminate the difference in the lifetime costs between the vehicle categories, which factors in the higher fuel and maintenance expenses of standard cars and trucks.
Electric cars drive into luxury segmentedit
Electric vehicle manufacturers are throwing in bells and whistles into their latest roll-outs to woo uber rich car buyers who have traditionally backed internal combustion engine vehicles. Toyota has said that all its fossil fuel vehicles will become e-enabled in a way that the same ICE engine cars will also have electrified versions by 2025.
Energy demand in Asia Pacific could grow 15% from 2019 to 6,800 mn tons of oil equivalent in 2040edit
Recent research by analysis firm Wood Mackenzie indicates that Asia Pacific’s decarbonisation bill could hit $3.5 trillion by 2040. This will have to include investments in nuclear, hydel power, solar, wind & hydrogen, collectively referred to as zero-carbon energy between now and 2040. Majority of Asia Pacific’s decarbonisation bill will come from the power and transport sectors, as both accounted for over 50% of the region’s carbon emissions last year. This significant shift requires investment and support from all stakeholders especially China and India.