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WB E-Vehicle Plans Stumped by Shortage of Lithium-ion Batteries

The high dependence on imported lithium ion batteries (cells) is taking a toll on the vehicle industry that looks for a quick and quality transition from fossil fuel based to electricity mode. This time the Transport Minister of West Bengal – Firhad Hakim – has said that the state is not able to expand its […]

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Quantumscape CEO Jagdeep Singh Aims For A $2.3 Billion Payoff

In a deal seen as mirroring a similar deal for Tesla founder Elon Musk a couple of years back, Shareholders of QuantumScape Corp., the solid-state battery startup that went public through a blank-check deal last year, recently approved an approximately $2.3 billion (Rs 17,486 crore) pay package for its Chief Executive Officer Jagdeep Singh. The […]

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Global Energy Storage Market Set to Hit 1 TWh by 2030: BNEF

Energy storage installations around the world will reach a cumulative 358 gigawatts/1,028 gigawatt-hours by the end of 2030, more than twenty times larger than the 17 gigawatts/34 gigawatt-hours online at the end of 2020, according to the latest forecast from research company BloombergNEF (BNEF). This boom in stationary energy storage will require more than $262 […]

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How The Pandemic Hastened Move To Last-Mile Delivery Through EV In India

Introduction The sudden and rapid increase in the demand for e-commerce in recent years has been a catalyst for the surge in last-mile services countrywide. The surge in COVID-19 cases all across the world and growth in the numbers of online shopping has pushed the importance of last-mile to the forefront of the overall supply […]

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Electric Vehicles to Cost Less Than ICE Vehicles in EU by 2027: Report

Electric Vehicles will be cheaper to make than fossil-fuel vehicles in every light vehicle segment across Europe from 2027 at the latest Electric Vehicles and vans will be cheaper to make than fossil-fuel vehicles in every light vehicle segment across Europe from 2027 at the latest, according to a new BloombergNEF study commissioned by Transport & […]

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Electric Vehicles Market Share to Exceed 50% From 2033: Rystad

The share of electric vehicles in global passenger car sales is set to quadruple in 2026 from 4.6% last year and exceed 50% from 2033 onwards. The market penetration of electric vehicles (EVs) is increasing rapidly as a result of the accelerating energy transition, and demand for batteries is expected to skyrocket going forward for […]

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Renewable Energy Integration is India’s Next Big Challenge: IEEFA

According to a report from Institute for Energy Economics and Financial Analysis (IEEFA), India already has 93 GW of on-grid variable renewable energy (VRE) capacity as of January 2021. Now, one of the next big challenges for India’s electricity sector is battery storage, green hydrogen, and flexible coal-fired power generation into the electricity grid i.e. […]

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