The government of the UK has decided to cochair India-led ‘Coalition for Disaster Resilient Infrastructure (CDRI)’. In the statement, UK highlighted that it is already working closely with the Indian government to tackle climate change by boosting several initiatives including electric vehicle (EV) infrastructure.
The two countries have committed $279.31 Mn in the Green Growth Equity Fund. The fund’s maiden investment would be in Ayana Renewable Power, which is developing 800 Mw of solar projects. Besides this, UK’s E.O. Charging and India’s Yahhvi Enterprises will also deliver charging infrastructure for electric vehicles across India.
Chart of the week: EV Startups In India
EV News From India
Karnataka Allocates INR 100 Mn For EV Infra
Karnataka chief minister BS Yediyurappa recently allocated INR 100 Mn to establish mobility and energy storage manufacturing infrastructure in the state. The proposed plan will be set up under the stage 5 of the Karnataka Industrial Area Development Board (KIADB) industrial area in Harohalli of Ramanagara Taluk.
Smart Electric Metres To Ensure Power Supply?
A standing parliament committee, in its latest report, has emphasised on the need to set up a manufacturing base of smart electricity metres that will ensure an adequate supply of electricity to charge EVs.
“There is a need to augment the manufacturing base of the smart meters to ensure the supply of an adequate number of meters to be installed all over the country. It should be ensured that there are multiple players in the field to rule out monopoly,” the committee said.
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Green Mobility For Masses: The State Of EVs In Public Transport In India
With millions of Indians reliant on diesel-powered buses, vehicular pollution is a big reason for the push towards electric buses and shuttles. This year, several players such as Tata Motors, Ashok Leyland, BYD and JBM Group have shown eagerness to launch electric buses for battery-powered public transport in India. So how exactly are the state and central governments planning to bring EVs into the public transport fleet?
With Slow Demand For Electric Cars, Will Commercial Vehicles Drive Indian EV Ecosystem?
Even as India hurtles towards green mobility with mega targets for electric vehicles on the road by 2030, electrification of public transport and other measures, the big question is will India’s businesses and commercial enterprises also back electric mobility to drive the market forward.
As in most Asian countries, India has a love for two-wheelers — motorcycles, mopeds and scooters have been a primary feature on Indian roads, and before them the humble bicycle. The sense of owning a two-wheeler has always been the initial aspiration for a lot of Indians living in small towns and villages, and a symbol of success for many.
But this aspiration is mixed with practicality. The Indian consumer wants the most economical option and that doesn’t just mean in terms of price; it extends to fuel economy as well. And even when it comes to the electric mobility segment, this has been the primary focal point. For ages, electric two-wheeler manufacturers have tried to match this among their products, but things are changing slowly as more and more manufacturers diversify the product.
Lessons For India’s Bike-Sharing Startups From Ofo’s Failure
Looking at the high growth opportunity in India, Ofo, among the market leaders in China, entered the Indian market in 2018. But in less than six months after launching in seven cities in India, the company had to shut down its operations in India. The Ofo exit from India — after Bounce acquired its assets — clearly showed that simply flooding the market backed by VC funding may not be the right approach for the Indian market as large as the opportunity is.
So what went wrong for Ofo and what can Indian startups learn from its short stint to prioritise unit economics and cautious expansion.
EV Headlines From Around The World
US Slows Down Push For EV Minerals
The US government’s plans to localise EV production by producing lithium, Rare Earth minerals and other raw materials has taken a hit. The mining industry in the US has slowed down their operations until the coronavirus pandemic is brought under control as US is fast becoming the epicentre of the pandemic.
Every Second Car On Road Will Be EV by 2050
A study by Radboud University highlighted that every second car on road will be powered by electric engines by 2050. The report added that the electric car will reduce global carbon dioxide by 1.5 Gigatonnes per year.