Facing a potential gap in the number of installed electric vehicle chargers needed to meet the state’s clean transportation goals, the California Public Utilities Commission released proposed rules to guide near-term priorities for utilities investing in charging infrastructure. The proposed decision, released Monday, offers state utilities more flexibility in what infrastructure they can deploy before […]
Maharashtra Government Announces New Policy Draft Focused On Electric Vehicles
The Maharashtra Government on Thursday announced the Electric Vehicles (EV) Policy 2021, which will be aimed at ensuring that electric vehicles account for at least 10 per cent of all new vehicle registrations by the year 2025. Officials familiar with the matter said that this policy will see the switching of fuel-based government vehicles with […]
Electric 3-Wheelers Likely to Account for 30% of New Sales by 2025: ICRA
Globally, EVs now account for 4.4 per cent of new car sales during CY2020 and their share is likely to cross 5 per cent level this calendar year, as per ICRA. The penetration levels in cars and trucks, however, are likely to remain low in the medium-term The electric two and three-wheelers volume are expected […]
Ford Follows GM, VW With Two New Dedicated EV Platforms by 2025
The all-EV platforms are part of an ambitious multi-year, multi-billion-dollar plan the No. 2 U.S. automaker will outline to investors at its Capital Markets Day in an online event. US-based Ford Motor Company has declared a donation 50 lakh surgical masks, 1 lakh N95 masks and 50,000 gowns to help fight the surge of COVID-19 […]
Hyundai Aims to Sell One Million EVs Per Year by 2025
The move will result in a 50% reduction in models powered by fossil fuels, one of the people said, adding the strategy was approved by top management in March. PARIS/SEOUL: Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two […]
Sembcorp to Quadruple Renewables Capacity to 10 GW by 2025
Singapore-based Sembcorp Industries Ltd (SGX:U96) today unveiled a strategic plan to shift its portfolio from brown to green that includes quadrupling renewable energy capacity to 10 GW by 2025 from 2.6 GW in 2020. The company, which following the demerger with Sembcorp Marine in September 2020 is a focused energy and urban business, currently has […]
Sustainable Mobility: Ford’s Electric Vehicle Strategy
Automotive manufacturer – Ford Motor Company – details its sustainable mobility, electric vehicle strategy. Committed to driving the adoption of electric vehicles, Ford Motor Company, in the midst of implementing its ambitious and comprehensive plan to transition to an electric lifestyle, breaks down its strategy. Electrification of the Automotive Industry Investing US$22bn into the electrification […]
Hyundai to Invest $7.4 bln in U.S. by 2025, With Electric Cars in focus
Biden has called for $174 billion in new spending to boost electric vehicles and charging. South Korea’s Hyundai Motor Group said on Thursday it planned to invest $7.4 billion in the United States by 2025 to produce electric vehicles, upgrade production facilities and further its investment in smart mobility solutions. The announcement came before U.S. […]
EWEC Forecasts Halving CO2 Emissions from Water and Electricity Production by 2025
Investment in clean energy technologies to reduce CO2 emissions by 20 million tonnes EWEC (Emirates Water and Electricity Company) has released its latest Statement of Future Capacity Requirements Summary Report for Abu Dhabi’s future water and electricity production. The statement forecasts a significant 50 percent reduction in carbon dioxide (CO2) emissions from a shift towards […]
MENA Region Energy Investment to Exceed $805 Billion Through 2025: Apicorp
Renewables will be forming an increasingly significant part of the power generation spend. Middle East and North Africa energy investments are forecast to exceed $805 billion over the next five years (2021 to 2025), according to The Arab Petroleum Investments Corporation (Apicorp), a multilateral development financial institution. Apicorp’s latest MENA energy investment outlook see only […]