Germany has unveiled plans to massively boost charging infrastructure for electric vehicles. The €6.3 billion proposal would increase the number of charging points across the country to 1 million by 2030. Germany’s government on Wednesday approved a “master plan” that aims to make the transition from fossil-fuel-driven cars to electric ones as user-friendly as possible […]
US awards $2.8B in grants for EV batteries in 12 states – EQ Mag Pro
WASHINGTON (AP) : The Biden administration on Wednesday awarded $2.8 billion in grants to boost domestic manufacturing of batteries for electric vehicles in 12 states. A total of 20 companies will receive grants for projects to extract and process lithium, graphite and other battery materials, manufacture components and strengthen U.S. supply of critical minerals, officials […]
Germany to cap electricity prices by taxing excess profits – EQ Mag Pro
BERLIN : Germany’s government plans to introduce a cap on electricity prices for households and industry to ease the impact of soaring energy costs, a ministry document seen by Reuters on Wednesday showed. To help finance the cap and pay for the stabilization of power transmission grids, Berlin is considering skimming off some electricity companies’ […]
Revfin raises USD 10 mn in a Series A funding – EQ Mag Pro
Revfin will use the funds to expand its geographical footprint to 25 states and capture over 10 per cent of the national market share of financed electric three-wheelers, the company said in a statement. NEW DELHI : Electric vehicle financing digital platform Revfin on Thursday said it has raised USD 10 million (over Rs 80 […]
US boosts EV purchases, but faces supply chain hurdles – EQ Mag Pro
WASHINGTON : The U.S. government has significantly boosted purchases of electric and plug-in hybrid vehicles but faces supply chain hurdles, the White House said, as it looks to meet President Joe Biden’s aggressive zero-emission purchasing goals. Federal agencies quintupled purchases of EVs and PHEVs in the 12-months ending Sept. 30, moving from approximately 1% of […]
Jakson Green to develop US$ 2.8 Billion Green Ammonia and Green Hydrogen Project in Rajasthan – EQ Mag Pro
The plant proposed to be located at Kota shall be built in phases starting with a 15,000 tons per annum Green Ammonia facility by 2025 Project to entail investment of INR 22,400 Crores, creating over 32,000 jobs over various stages of the project Noida : Jakson Green, the new energy transition platform backed by India […]
Mercedes signs 1.5 billion Euro deal with Rock Tech Lithium to push e-car drive – EQ Mag Pro
BERLIN : Mercedes-Benz has signed a supply agreement with Canadian-German Rock Tech Lithium Inc to receive on average 10,000 tons of battery-grade lithium hydroxide per year, the German carmaker said on Thursday. The deal allows the luxury carmaker to supply its battery partners with raw material, starting in 2026, including a qualification period, in order […]
India to pitch for global biofuels alliance at G20: oil minister – EQ Mag Pro
India plans to introduce 20 percent ethanol blending with gasoline in some parts of the country from April next year India plans to pitch for a global alliance on biofuels among members of the group of 20 major economies, oil minister Hardeep Singh Puri said on Wednesday, as the world’s third-biggest oil consumer bids to […]
Dell Technologies to Launch Solar Community Hubs Portfolio in India to Support the Digital India Mission – EQ Mag Pro
• Beneficiaries from six aspirational districts will have convenient access to tools and resources to help build digital and financial literacy, cyber safety and coding skills • Solar-powered vans, developed within Dell Technologies’ Solar Community Hub portfolio, will travel to different locations in the districts to provide PC technology and 4G connectivity to community members […]
Jajpur gets Odisha’s first solar-powered RTO office – EQ Mag Pro
Cuttack/Jaipur: The Regional Transport Office (RTO) in Jajpur is the first RTO in Odisha to power its electricity requirements from solar energy. As most of the offices depend on electricity for most of their energy consumption needs, installing solar panels on the rooftop of the RTO building will reduce electricity bills. “The idea was to […]