With a host of incentives unveiled in the Union budget for electric vehicles, India has joined governments in China and Europe that have backed the development of the nascent EV industry by offering extensive fiscal incentives and a favorable regulatory environment. Pushing ahead with its goal to h... Read more

The union budget 2019-20 provides key incentives in a bid to make India a global hub for R&D and the manufacture of advanced energy storage and electric vehicles (EVs) by 2022. Significantly, stimulating EV uptake is a priority for the government as the country battles severe air pollution. EVs... Read more

The 2% interest subvention for fresh and incremental loans for all GST registered medium, small and micro enterprises (MSMEs) is likely to provide a boost the government’s Make in India initiative by increasing the scope of credit availability. As per industry estimates, the current gap between th... Read more

Financial and project implementation troubles for Indian renewable energy developers do not seem to cease, with little to no solutions to the existing challenges and new ones coming up frequently. We recently covered a story about several solar power developers who were awaiting payments for the en... Read more

Even as the government envisages to make India a global hub for electric vehicle (EV) manufacturing, sectoral experts cite the need for a sustained effort to accelerate the production and demand growth of the industry in the country. "The budget proposals will lead to demand activation in the EV sp... Read more

Concessions in the Union Budget 2019 to push electric vehicles (EVs) to the fast lane were a bolt from the blue. Neither the industry nor analysts expected a battery of concessions to make EV ownership more viable. On the contrary, the industry was hoping for incentives such as a lower goods and se... Read more

Cheering the government's proposal to set up mega manufacturing plants for solar cells, batteries and solar charging infrastructure, industry experts said the move will give a boost to the sunrise industry and Make in India program. The industry experts, however, noted that such initiatives would r... Read more

Bereft of any incentive or subsidy, the Union Budget for 2019-20 has come as a dampener to the renewable energy sector. The Budget's muted focus on green energy and tepid hike in allocation for the Ministry of New & Renewable Energy (MNRE) has cast doubts on the government’s target to achieve ... Read more

Even as India drives towards an ambitious vehicle electrification program aimed at reducing pollution levels in its cities, town, and country, the well-to-wheel analysis of energy continues to be a debate in the industry and environment groups.  From a macro perspective, electric vehicles can only... Read more

Let’s begin with the key announcements Finance Minister Nirmala Sitharaman made in the Union Budget on July 5, 2019, on renewable energy and energy access. Focus on rural energy access and farmers: Every rural household to get electricity connection and access to clean cooking fuel (except tho... Read more

The Union Budget has outlined various proposals for giving a boost to the manufacturing of electric vehicles and developing India as a global hub for the same. In her maiden budget speech in Parliament today, the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman said that Und... Read more

Almost half of new cars sold in Norway in the first six months of 2019 were powered by fully electric engines, up from just over a quarter in the same period last year, ensuring the Nordic nation retains its top global ranking in electric vehicle sales. Tesla's Model 3 was Norway's top-selling vehi... Read more