Currently, 8 sectors are eligible to get lending under the PSL mechanism including agriculture, MSMEs, export credit, housing, education, renewables, and social infrastructure sectors Loans for electric vehicles and green hydrogen may soon be categorised under priority sector lending (PSL) by banks. Several banks have suggested the move to the Reserve Bank of India (RBI), […]
‘No other choices’: In world of EVs, Hyundai not giving up on engines just yet – EQ Mag Pro
Just because Hyundai is determined to play big in the EV arena does not mean it is giving up on developing combustion engines further. Tucson is the best-selling Hyundai SUV across the world and may be nowhere close to giving up space to existing or upcoming electric vehicles. Hyundai is determined to play the electric […]
Top Headlines: Unrealistic deadlines for EVs, Mistry’s demise, and more – EQ Mag Pro
Cyrus Mistry, former chairman of Tata Sons and scion of the Shapoorji Pallonji group, died in a car accident near Mumbai on Sunday. Amid increased scrutiny of fantasy gaming and online gaming apps, the CBDT has unearthed that participants in the activities of an Indian gaming company have won Rs 58,000 crore over the past […]
EVs and decentralising energy storage systems – EQ Mag Pro
In this episode of our Digital Transformation Podcast Series, we continue our focus on the risks and opportunities presented by digitisation in a range of industries by focusing on the latest cutting-edge innovations in the energy sector. This second instalment of our discussions on energy tech is introduced by Dino Wilkinson and hosted by Richard […]
Mercedes-Benz expects 25% of sales in India from EVs in next 5 years – EQ Mag Pro
In order to support the electrification journey, Schwenk said Mercedes-Benz India will set-up 140 fast charging stations this year. German luxury car maker Mercedes-Benz expects 25 per cent of its sales in India to come from electric vehicles in the next five years, a senior company official said on Wednesday. The company’s Indian arm, Mercedes-Benz […]
Companies offer incentives to employees to buy EVs – EQ Mag Pro
Chennai: Buying an electric vehicle can now fetch not just subsidies from your state government but also from your HR department. According to an internal memo of Bank of America, the multinational bank has informed its employees that they will get just under rupees three lakh to buy an EV as part of a new […]
Factbox: U.S. climate deal has money for EVs, clean energy and even Big Oil – EQ Mag Pro
After years of failed attempts to pass major legislation to combat climate change, the U.S. Senate’s Inflation Reduction Act is poised to become largest U.S. climate legislation in history. The bill would divert nearly $370 billion to climate and energy security measures, aimed at slashing greenhouse gas emissions around 40% by 2030 and curbing consumer […]
EVs going mainstream, fire incidents help industry mature: Ather Energy CEO – EQ Mag Pro
New Delhi : Electric two-wheelers are going mainstream and the fire incidents will only help manufacturers to focus on quality, thus helping the industry mature, according to Ather Energy cofounder and CEO Tarun Mehta. The Hero MotoCorp-backed firm expects that by the end of this decade up to 30 million electric two-wheelers would be sold […]
An affordable EV charging experience brought about by technological breakthroughs is the future of the landscape – EQ Mag Pro
Since the prohibitive costs of EVs is what hinders its adoption for most consumers, such advancements that make them more affordable are necessary for the industry to flourish. According to experts, the lack of an affordable, efficient charging experience is a primary hindrance to supporting the demand for EVs. To help the process of EV […]
Avail fast EV charging on the doorstep – EQ Mag Pro
Backed by its patented technology, this firm is making EV charging simple by offering on-demand and affordable services. Electric vehicles (EVs) are disrupting the mobility space worldwide with technologies that are shaping the future of mobility and will continue to do so for the next few decades. The synergies of technological breakthroughs, global regulatory acceptance, […]