As many as 87,659 electric vehicles and 6,265 electric buses have been incentivised under the second phase of FAME India, the country’s flagship scheme for faster adoption of electric vehicles till now, the government has told Parliament. The government has spent upto Rs 871 crore till June-end on its flagship national scheme to supercharge the […]
NITI Aayog And IEA Launch ‘Renewables Integration in India 2021’
A report on “Renewables Integration in India 2021” was jointly launched by Dr. Rakesh Sarwal, Additional Secretary, NITI Aayog & Mr. Keisuke Sadamori, Director of Energy Markets and Security, IEA on 22nd July, 2021. The report is based on the outcome of three states workshops held with the Governments of Maharashtra, Karnataka and Gujarat to […]
India Plans to Set up Institute to Fund Electric Vehicles-Focused Businesses
According to a recent report, India’s electric vehicle financing industry is projected to be worth Rs 3.7 lakh crore in 2030. The government is planning to set up an institution to fund businesses with a focus on electric vehicles as well as facilitate new financial instruments for lending to the public transportation and commercial vehicle […]
NITI Aayog Releases Annual Plan For Gradual Rollout of E20 Ethanol
The NITI Aayog today released the annual plan for the gradual rollout of E20 ethanol in the country which will result into saving 30,000 crore of foreign exchange per year among other benefits. PM Modi on Saturday had said ethanol has become one of the major priorities of 21st century India and the country has […]
Draft National Electricity Policy 2021
Draft National Electricity Policy 2021 has been released by the Ministry of Power. The policy aims to make electricity available to all households in the next five years. NEP 2021 will help to supply reliable and quality power of specified standards efficiently manner at reasonable rates. NEP 2021 covers multiple areas- grid operation, power markets, […]
Niti Aayog suggests govt to provide incentives on EV purchase apart from subsidy under FAME-II
New Delhi : Government think-tank Niti Aayog has said the government should provide incentives on electric vehicle (EV) purchase over and above the existing subsidy under the Faster Adoption and Manufacturing of Hybrid and EV (FAME-II) scheme. The Niti Aayog in its status quo analysis of electric mobility in India also said the government should […]
Electric vehicle financing industry to be worth Rs 3.7 lakh cr by 2030: Report
New Delhi: India”s electric vehicle (EV) financing industry is projected to be worth Rs 3.7 lakh crore in 2030, about 80 per cent of the current retail vehicle finance industry, according to a new report. The report titled ”Mobilising Electric Vehicle Financing in India”, prepared by Niti Aayog and Rocky Mountain Institute (RMI) India […]
Board of Coal India approves venturing into aluminium and solar power value chain
At meeting held on 24 December 2020 The Board of Coal India at its meeting held on 24 December 2020 has accorded its ‘In-principle’ approval to venture value into aluminium value chain (Mining-Refining-smelting) and solar power value chain (Ingot-wafer-cell-Module and Generation). It also approved to create SPVs subject to obtaining concurrence from Niti Aayog, DIPAM […]
Cost of hydrogen from renewables could fall more than 50% by 2030, says TERI; projects five-fold demand growth by 2050
TERI’s new report states hydrogen can start to compete with fossil fuels in certain industrial applications by 2030, given enough government support We see hydrogen as our next big sunrise sector, Dr Rajiv Kumar, Vice Chairman, Niti Aayog, said at the launch December 16, New Delhi: The demand for hydrogen in India can grow […]
India to achieve 175 GW renewable energy capacity by 2022: Amitabh Kant
Amitabh Kant said India is the only country among the G20 nations that is on track to meet its climate change mitigation commitments, made in 2015, under the Paris Agreement and has formulated forward-looking policies for energy efficiency measures. NEW DELHI: Niti Aayog CEO Amitabh Kant on Friday said India is on course to achieve […]
