In the last one year alone, the number of charging stations in the country has grown more than five times. What is the future likely to be for EV charging stations in the country? Even as EVs increasingly go mainstream as part of the wider mobility network and usage and see enhanced uptake, the charging station ecosystem has been somewhat slow to develop. However, in the last one year alone, the number of charging stations in the...
Renewable energy sources are forms of energy that can be replenished naturally and sustainably, such as solar, wind, hydropower, geothermal, and biomass. They are important in the transition to sustainable energy systems because they do not deplete natural resources, produce harmful emissions or waste and have lower carbon footprints than non-renewable sources of energy such as fossil fuels. The integration of renewable energy sources...
As the world moves towards a more sustainable future, electric vehicles (EVs) have become an increasingly popular choice for drivers. However, the success of this transition depends on the development of an infrastructure that can support the widespread adoption of EVs. Networked EV charging stations are a crucial component of this infrastructure, and they offer a range of benefits that can make the transition to electric vehicles more...
Why Are Electric Vehicles Taking Over the World? Electric vehicles (EVs) are gaining popularity across the world as more people are becoming aware of the benefits they offer over traditional gasoline-powered vehicles. EVs are not only environmentally friendly, but they also provide a smoother, quieter ride and require less maintenance than traditional vehicles. With the increase in EV adoption, it's essential to assess the...
The electric vehicle industry is relatively new and there are many different segments and niches within the industry. This provides entrepreneurs with a wide range of opportunities to enter the market at different levels of investment and risk. For example, starting a business that involves the use of electric vehicles or providing services such as electric vehicle charging stations, requires less capital investment compared to starting a...
The global market for electric vehicles (EVs) is rapidly growing. In India, the number of electric vehicles on the road has increased from 4.2% in 2020 to 8.3% in 2021, totaling 6.75 million vehicles. In 2022, for the first time, EV sales surpassed 1 million units making a record jump of 206%-year growth over 2021. According to experts, the Indian automobile industry ranks 5th in the global market and is projected to overtake the US...
Electric vehicles (EVs) are becoming more popular as the world moves towards sustainable energy and cleaner transportation. People are nowadays exploring new ways to reduce their carbon footprint and save on fuel costs. As a result, the demand for EV charging stations is on the rise. Investing in an EV charging station can be a good investment for a number of reasons. According to financial experts, businesses that invest in EV charging...
India is actively working towards building sustainable mobility and has set a target of 30% EV sales by 2030. And to achieve this, the government has launched subsidy schemes, incentives, and tax rebates. For the last many years, India has depended on other countries for raw lithium and lithium-ion cells, which automatically increases the cost of EV production in India. The higher cost of EVs is one of the major hurdles obstructing the way...
Electric vehicles (EVs) are the future of the automobile industry that will reduce the cost of travelling and create a positive impact on the planet. At present, transport is one of the significant contributors to air pollution and with electric mobility, we can reduce air pollution caused due to vehicles. Hence, electric vehicles will play an essential role towards creating a cleaner environment. India is witnessing a...
Technology has simplified the lives of humans for centuries. The automobile industry is one such domain that got complete transformation with the advancement of technology. Started with steam-powered vehicles, then petrol/diesel engine vehicles, CNG and hybrid, and now electric vehicles, which gained enough popularity in the past some years. Even the Indian government has introduced the FAME scheme to encourage EVs in India through...
