As published in TOI on August 3, 2023 Climate change conversations have dominated global circles in recent times, especially as the world is now faced with devastating effects of global warming. From flash floods across major parts of the world to landslides, and the hottest climates the world has seen in decades, debates around climate change have become more intentional than ever before. Within the scheme of things, energy transition from...
Electric vehicles (EVs) are revolutionizing the way people travel with their eco-friendly features and efficient performance. They don't emit tailpipe emissions, nor do they require regular oil changes. While EVs require less maintenance compared to conventional vehicles, this does not mean that you can skip going to your nearest service center. It's important to follow proper care and maintenance routines to ensure optimal performance and...
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...
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...
Electric vehicles (EVs) have gained popularity in recent years, and the infrastructure to support them has been growing as well. One of the crucial components of the EV infrastructure is the electric vehicle charging stations. There are two types of EV chargers available at EV charging stations- AC electric chargers and DC electric chargers. EV owners often find it confusing as to which charger to choose when charging...
