EV is the new sunrise sector and to fuel its growth, the sector is being propelled by the ever-burgeoning data industry The Indian Electric Vehicle (EV) industry is the newest sunrise sector in the country due to its rising appeal as an alternative to internal combustion vehicles. This rise in popularity is helping as government […]
Mahindra & Mahindra increases capex outlay for FY22-24 to Rs 15900 crore – EQ Mag
According to the company’s statement, the additional Rs 1,600 crore will go into the conventional ICE (Internal Combustion Engine) vehicles for the anticipated regulatory changes and capacity expansion. Mahindra & Mahindra – an automobile giant – on Friday said it has revised upward the capital expenditure (capex) outlay for the three years cycle of FY22-FY24 […]
Limitations of electric vehicles: Addressing challenges for widespread adoption – EQ Mag
The world is witnessing a significant shift towards electric vehicles (EVs) as a cleaner and more sustainable alternative to traditional internal combustion engine (ICE) vehicles. While the advantages of EVs are widely recognized, it is essential to acknowledge the limitations and challenges that hinder their widespread adoption. This essay aims to explore the key limitations […]
Electric vehicles to displace over 5 million bpd of oil demand a day by 2030: IEA – EQ Mag
Electric vehicles (EVs) are set to displace over 5 million barrels of oil demand per day based on current policy settings, according to the International Energy Agency (IEA). The IEA, in its recent report titled ‘Global EV Outlook 2023’, claims that at the global level, oil displacement by EVs reaches 1.8 million barrels per day […]
Here’s why an Electric vehicle is not a compromise and a true upgrade – EQ Mag
Battery being a significant part of any EV, the zero maintenance on battery also means that the overall maintenance on an EV is significantly lower than the ICE vehicles. Electric vehicles as a concept in India were introduced in 2000 with REVA, the small car, and this car came with a whole lot of limitations. […]
Hydrogen Internal Combustion Mobility is Here – EQ Mag
As overall concern for climate change continues to grow and increasingly stringent environmental regulations go into effect, commercial fleets are assessing market-ready solutions that will help them achieve carbon neutrality across their wide-ranging vehicle applications. To that end, hydrogen and hydrogen internal combustion engines (ICE) are receiving a good deal of attention — understandably so. […]
Battery recycling takes the driver’s seat – EQ Mag
Electric-vehicle demand is accelerating rapidly and so is the need for EV batteries. As these batteries reach end-of-life, significant growth opportunities in the recycling space are emerging. As electric mobility increases globally, so does the need for electric-vehicle (EV) batteries. This demand has led to considerable growth in battery production, with over five terawatt hours […]
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 […]
Charging EVs On The Go Has Become Much Easier In India – EQ Mag
The availability of EV charging stations across Indian cities is being speedily ramped up as vehicle sales rise If you own an e-vehicle, travelling to your favourite weekend destination would already be cheaper. EVs, or electronic vehicles are set to become the future of transport, and that age has already begun. Outdated and outmoded, internal […]
Auto parts industry clocks record revenues but switch to EV will cause pain – EQ Mag Pro
But besides growth, the highlight of the theme at the 62nd Annual Session of ACMA was the need for accelerating the adoption of electric vehicles (EV). Despite the disruption caused by the Covid-19 pandemic, the auto component industry clocked its highest-ever turnover last year. A major portion of the growth came from the exports market […]