evs

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Solar Industry’s 2024 Budget Wishlist: Tax Cuts, GST Reforms and Fiscal Incentives

With India’s aggressive clean energy push likely to sustain the momentum it has seen in recent years, all eyes are on the Union Budget 2024 to be presented by...

July 19, 2024

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Gautamee Hazarika

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Mercom Research Focus

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Renewable Energy
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Daily News Wrap-Up: Shortage of Solar Modules Hits Projects with DCR Mandate

India’s ambitious push for solar energy is facing a significant hurdle: a shortage of domestically produced solar modules. Subsidy-supported residential rooftop...

July 12, 2024

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Mercom Staff

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Daily Wrap-up
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Copper Shortfall Threatens Green Energy Transition, Warns Report

Copper mining may be unable to keep pace with soaring demand for the metal that anchors the transition to electric vehicles and renewable energy sources, warns a report...

May 21, 2024

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Arshreet Singh

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Electric Vehicles

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Renewable Energy
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EV Logistics Firm BluWheelz Raises $1 Million in Bridge Funding

BluWheelz, a tech-enabled logistics firm with an electric vehicle (EV) fleet, received $1 million in a bridge funding round led by Venture Catalysts, an integrated...

April 22, 2024

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Staff

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Electric Vehicles
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New EV Policy Pushes Global Players to ‘Build in India’

The government, in a bid to promote India as a manufacturing destination for electric vehicles (EVs), is offering international manufacturers a reduced customs duty rate...

March 15, 2024

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Arshreet Singh

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Electric Vehicles
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New Technology May Help EV Batteries Charge Faster, Last Longer

Scientists at the U.S. National Renewable Energy Laboratory (NREL) have developed a new manufacturing process called BatMan that could improve electric vehicle (EV)...

February 27, 2024

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Arshreet Singh

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Technology
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Pure EV Raises $8 Million Funding to Expand Sales Network in India

Hyderabad-based electric vehicle (EV) manufacturer Pure EV has secured $8 million in the latest round of funding to help the company expand its sales network in India...

February 20, 2024

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Staff

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Electric Vehicles
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FAME-II Budgetary Outlay for Electric Vehicles Increased by $180.7 Million

The Ministry of Heavy Industries (MHI) has enhanced the budgetary outlay of the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME-II) program...

February 12, 2024

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Arshreet Singh

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Electric Vehicles

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Markets & Policy
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China Bans Export of Rare Earths Extraction and Processing Technology

In yet another move to protect its control over clean energy supply chains, China has banned the export of technology to extract and process some rare earth metals. The...

December 26, 2023

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B.S. Nagaraj

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Other

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Renewable Energy
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EV Manufacturers Received ₹52 Billion in Subsidies Until December 1, 2023

Subsidies worth ₹52.28 billion (~$627 million) have been disbursed to electric vehicle (EV) manufacturers on the sale of ~1.15 million EVs, as of December 2023, in a bid...

December 6, 2023

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Staff

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Electric Vehicles

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Grid
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Hyundai to Manufacture 200,000 EVs Annually at New South Korea Plant

Car maker Hyundai Motors is setting up a new electric vehicle (EV) plant in Ulsan, South Korea, with an investment of KRW2 trillion ($1.53 billion). The construction for...

November 13, 2023

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Staff

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Electric Vehicles

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Manufacturing
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Australia Announces $1.26 Billion Financing to Boost Critical Minerals Sector

The Australian Government has announced an AU$2 billion (~$1.26 billion) expansion in financing critical minerals, including rare earths. This expansion of the funding...

October 26, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Epsilon to Acquire Cathode Active Material Research Center in Germany

India-based Epsilon Group, a battery materials manufacturer, has entered into an agreement to acquire John Matthey’s Technology Center focused on lithium-ion...

October 4, 2023

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Rakesh Ranjan

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Finance and M&A

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Other
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Global Investments in Clean Energy to Reach $1.8 Trillion in 2023: IEA

Global investments in clean energy could reach an unprecedented $1.8 trillion in 2023, but this must increase significantly to about $4.5 trillion annually by early 2030...

September 29, 2023

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Rakesh Ranjan

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Other

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Renewable Energy
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Battery Maker LG Energy Solution Raises $1 Billion in Green Bonds

Battery manufacturer LG Energy Solution has raised $1 billion through its inaugural global green bonds. The funds raised will be used to expedite investments in the...

September 20, 2023

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Rakesh Ranjan

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Finance and M&A

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Other

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