The rising importance of alternative energy fuels, and especially, the onset of electric vehicles, will cause a severe oil price crash, predicts Chris Watling, CEO of Longview Economics.
Prime Minister Narendra Modi has kicked off India’s race to turn all new passenger car sales electric by 2030. The largest order has gone to a company that hasn’t commercially started producing the vehicles.
Mahindra and Mahindra Ltd rises as much as 2.1 pct to 1,316 rupees, highest since Sept 13
Electric Cars For Babus: Is It Really Mahindra Vs Tata Motors In Indian Electric Car Space? Not Really
The recent tender to procure 10,000 electric cars by state-run Energy Efficiency Services Limited (ESSL) saw top Indian auto-makers such as Tata Motors
The government has revised its tender seeking to buy electric cars for the use of the state, following objections by some companies that the specifications initially put out were tailored to suit a certain manufacturer.
The cost of electric vehicles (EVs) will fall to match those running on combustion engines by 2022, a key trigger that will mean by 2035 half of all passenger vehicles sold globally will be electric, according to the head of a top energy consultancy.
India is no stranger to this problem. India is actually the third-largest oil importer in the world, only trailing the United States and China.
Energy Efficiency Services Ltd (EESL) plans to issue Request for Proposals notice for supply of 10,000 electric cars and installation of 4,000 charging stations on Friday. EESL had issued tender for this purpose recently.
Roland Folger, the head of Mercedes Benz in India, has raised doubts over the government’s intention to entirely switch over to electric vehicles by 2030
Business minister Greg Clark will launch the first phase of a 246 million pound investment into battery technology on Monday, part of the government’s industrial strategy to boost productivity and spread wealth in Britain.