India has some 52 STUs/SPVs operating with some 1.47 lacs bus stock (till FY 2015-16). Out of this total stock, rural share is 80%, urban is some 17% and hilly region is 3%. In the same year, ~7,250 new buses…
India downsize its 100% new sales target for Electric Vehicles (EVs) to 30% by year 2030. Achieving this revised target will not be easy journey, and specially so with big democracy and diverse country it is. The diversity at city…
India is aiming to lead EV race with the latest push in the budget. The government have set a target to reach a 30% sales share for EVs by 2030. To practically achieve this target, the market will need a…
Today 40-60% of EV cost comes from LIBs. If there can be a fluid secondary market for scrap batteries (derived from second life use and recycling), then there will be certainty in resell value for LIBs, which will then allow…