In Short : Multilateral Development Banks (MDBs) are crucial for boosting climate finance, particularly in developing countries. By leveraging resources, mitigating risks, and providing technical support, MDBs help mobilize large-scale investments for climate adaptation and mitigation projects. Their efforts align with global goals like the Paris Agreement, though challenges remain, including funding gaps and the […]
Industry Confused As India Takes The Battery Out Of EVs To Boost Demand
India aims to take the battery out of electric vehicles to boost demand, leaving makers of such automobiles confused. The nation’s nascent EV sector needs scale to succeed as it barely comprises about 1% of the overall automobiles sold in the country. About 1.56 lakh electric vehicles, mostly two-wheelers and some cars and buses, were […]
Elon Musk Hints at New Battery Tech That Could Greatly Boost EV Range
A month ahead of its eagerly anticipated Battery Day event, Tesla CEO Elon Musk sparked speculation with hints of new battery tech that could drastically improve the energy density of current batteries used in EVs, allowing for much longer ranges with the same general exterior dimensions and perhaps a lighter weight—two of the main limiting […]
Panasonic promises big efficiency boost to Tesla EV batteries, and no cobalt
Battery cell maker Panasonic says it will boost the energy density of the electric vehicle batteries it supplies to Tesla by 20 per cent over the next five years, and aims to deliver a cobalt-free battery by 2022-2023, Reuters reports. Achieving greater battery density is important for the electric vehicle industry to reach price parity […]
Poland: Electric vehicle battery production in Europe gets boost thanks to EIB loan of €480 million to LG Chem Wroclaw Energy
First EIB loan to LG Chem Group and its Polish subsidiary will support the construction of manufacturing facilities for advanced lithium-ion cells and batteries for battery-powered electric vehicles The project will contribute to the clean energy transition and the shift towards electrification of the European transport industry and secure the supply of advanced li-ion batteries for European […]
Cabinet Approves Plan to Boost Electronics Manufacturing Industry in India
The Cabinet has approved a ₹48,000cr ($6.4bn) plan to boost the electronics manufacturing industry in India, which has become the world’s second-biggest mobile phone manufacturer. The Government will reportedly provide companies a production-linked incentive of 4-6% on incremental sales of goods made locally for five years. How Big is the Indian Electronics Industry? Since the […]