New climate-focused initiatives include expanding the electric vehicle charging network across the country with public facilities in every town with more than 2000 people. It also includes expanding free public transport, funding to make 100,000 homes more energy efficient and encouraging the uptake of renewable energy including hydrogen power. It builds on a pre-Budget announcement […]
Budget 2023: EVs could get cheaper as lithium-ion cell machinery gets exempt from import duties – EQ Mag
The Union Budget 2023 has removed custom duty on capital goods/machinery for manufacture of lithium-ion cells for use in batteries of electrically operated vehicles (EVs). The move is said to help in reducing the cost of EVs in the country. Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023 in the parliament on February […]
Budget 2023: Govt targets 5 MT of Green Hydrogen production by 2030, FM Nirmala Sitharaman says – EQ Mag
Green growth Government is targeting 5 MT of Green Hydrogen production by 2030, Union Finance Minister Nirmala Sitharaman today said while presenting Budget 2023 — her last full budget of the Narendra Modi 2.0 government before the general elections scheduled next year. The Budget2023 adopts 7 Priorities which acts as Saptarshis guiding through Amrit Kaal, […]
Budget 2023: Govt To Support Setting Up Of Battery Energy Storage Of 4,000 MWh – EQ Mag
The government will support the setting up of battery energy storage of 4,000 MWh, the FM announced during her Budget speech on Wednesday. Finance Minister Nirmala Sitharama during her Budget 2023 speech in the Parliament on Wednesday announced that the government will support the setting up of battery energy storage of 4,000 MWh with viability […]
Big focus on green energy in Budget 2023: Top points – EQ Mag
Finance Minister Nirmala Sitharaman makes big announcement to enhance India’s energy transition and steering the fight against climate change. Budget 2023 builds on focus to green growth National Green Hydrogen Mission will facilitate the transition of economy 1 crore farmers to be facilitated to adopt natural farming Finance Minister Nirmala Sitharaman on Wednesday announced that […]
Budget 2023: Accelerating Green Transition through the National Green Hydrogen Mission – EQ Mag
India’s National Green Hydrogen Mission is a government initiative aimed at promoting the use of hydrogen as a clean and renewable energy source in the country, and it has just received INR 19,700 crore rupees as a part of the national budget 2023. This is to help facilitate the transition of the economy to low […]
Budget 2023 expectations: What experts from the EV sector look forward to – EQ Mag
Finance Minister Nirmala Sitharaman will table the Budget 2023 tomorrow. It will be the last full budget of the Modi 2.0 government. Here’s a look at what the electric vehicle (EV) executives at Evera, Neuron Energy and iRasus Technologies have to say Mr. Nimish Trivedi, Co-Founder, Evera “India is undergoing a transition, and its automobile […]
Budget 2023: A prescription for India’s energy transition – EQ Mag
It’s time to consider some of the green goals that one can anticipate from Finance Minister Nirmala Sitharaman to support the Prime Minister’s announcement at COP 26 in the 2023 Union Budget With just over two weeks to go before the announcement of the 2023 Union Budget, it is time to reflect on what would […]
Budget 2023: Power sector proposes push for clean energy storage, transmission – EQ Mag
Not only has the power ministry been pushing for the proposed green corridor between Ladakh and Haryana to be included in the upcoming Budget, it has also proposed a provision for viability gap funding (VGF) for battery energy storage systems (BESS). If the focus of the Union Budget last year vis-à-vis the power sector was […]
Budget 2023: Can hybrid vehicles provide the push for EV adoption? – EQ Mag
In 2022, the automobile sector recorded milestone sales of 1 million units of electric vehicles (EVs), contributing close to 5% of overall automobile sales. While there is positive growth momentum in EVs, considering the slew of measures extended by the Government, there still seems to be a long road ahead. Inadequate charging infrastructure, unavailability of […]