Revfin plans to utilize the funds for new products and expansion to new geographies. New Delhi : Revfin Services Private Limited, a pioneer and leader in the Indian EV Financing space has secured $5 million from the United States International Development Finance Corporation (DFC). The investment is part of DFC’s Portfolio for Impact and Innovation […]
Increased EV adoption in Tier-2 and Tier-3 cities to drive clean energy revolution, say experts – EQ Mag
Official data shows that Indians have bought 2.78 lakh EVs since January 2023 at an average of more than 90,000 EVs per month. It’s World Earth Day and as the world takes more steps towards sustainable way of life, mobility too is seeing a significant evolution. Adoption of EVs in smaller cities can drive economic […]
Nissan COO Ashwani Gupta’s top 3 mantras to drive EV adoption in India – EQ Mag
Ashwani reiterated that what can further help bring down TCO for electric vehicles is breakthrough technologies with localisation. In a recent announcement, the Renault-Nissan alliance announced its intent to invest around Rs 5,300 crore in India and launch six new models – three for Renault and three for Nissan – which includes four new C-segment […]
California Voters Are Deciding Whether to Tax the Rich to Boost EV Adoption – EQ Mag Pro
SACRAMENTO, Calif. : Should California’s richest residents pay higher taxes to help put more electric vehicles on the road? That’s a question the state’s voters are weighing in the election that concludes Tuesday. Proposition 30 would place a new 1.75% tax on incomes above $2 million, which is estimated to be fewer than 43,000 taxpayers. […]
How will EV adoption affect auto component makers? – EQ Mag Pro
Transition to EVs is one big step towards turning to non-polluting machines. But how will this transition affect the auto component sector which depends on internal combustion engines? Let us find out In its quest to turn back the clock on environmental damage and build a greener tomorrow, the world is slowly but steadily turning […]
Kolte-Patil Developers and Tata Power partner to ease EV adoption, drive sustainability – EQ Mag Pro
EV charging infrastructure to be provided across Kolte-Patil projects in Pune, Mumbai and Bengaluru Tata Power, India’s largest EV charging solutions provider, has partnered with Kolte-Patil Developers (KPDL), a leading Pune-based real estate developer, with a growing presence in Mumbai and Bengaluru, to set up charging stations across its projects in the cities of Pune, […]
Meet the Man Encouraging EV Adoption by Installing 5000 Chargers in 20 States – EQ Mag Pro
Exicom Power Solutions recently announced that it has completed building and installing its 5,000th electric vehicle (EV) charger. Anant Nahata, MD and CEO of the company tells us about this milestone. On 23 March 2022, Exicom Power Solutions, a Gurugram-based venture, commissioned their 5000th electric vehicle (EV) charger. This milestone was achieved by installing a […]
VegEase Begins 100% EV Adoption in Last-Mile Logistics For E-Grocery
The initiative will lead to an annual reduction of at least 3000 tonnes of CO2 emission by 2024. National, 22nd July, 2021 : In a bid to reduce carbon footprint of its logistics operations and achieve sustainable growth, VegEase, the country’s only cart-at-home e-grocery startup has begun to deploy Electric Vehicles (EV) in its last-mile […]
MoEVing Partners Hero Electric to Accelerate Affordable EV Adoption
The two partners aim to work together to increase adoption of EVs via new demand and also focus on existing ICE vehicles to convert to EVs, it added. Mumbai: Electric fleet startup MoEVing has partnered with Hero Electric to accelerate the adoption of the affordable electric vehicle, with plans to convert one-lakh internal combustion engine-run […]
Nitin Gadkari for wider stakeholder talks on EV adoption
The Indian government is working aggressively on promoting new and renewable sources of energy and electric vehicles in a bid to curb pollution and cut its oil import bill. NEW DELHI: Road transport minister Nitin Gadkari has called for wider stakeholder consultation on the adoption of electric vehicles, to give adequate time to domestic manufacturers […]