The realisation of India’s sustainable future hinges on developing and optimum utilisation of a robust EV charging infrastructure. The surge in EV adoption is propelled by increasing environmental awareness, government incentives, and rapid advancements in battery technology. As of 2023, India reached a remarkable milestone, surpassing one million EV sales in under nine months, compared to a full year in 2022. Projections even suggest that annual EV sales could reach a staggering 10 million by 2030, with an expected total of 40 to 50 million EVs navigating Indian roads. The acceleration and sustenance of this adoption will depend heavily on a well-equipped EV charging ecosystem. A comprehensive, nationwide charging network is essential to address drivers’ concerns about range anxiety, a significant obstacle to EV adoption.
PROMINENCE OF CHARGING INFRASTRUCTURE
The widespread adoption of eco-friendly EVs hinges on accessible and convenient charging stations. Retrofitting EV charging stations across commercial and residential real estate assets is imperative to aid this rapid uptake being witnessed for EVs. An expansion of charging infrastructure across residential complexes, commercial spaces, and public parking facilities, alongside navigating regional electrical capacity and zoning regulations, is currently being undertaken.
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ONGC EXPLORATION PLANS IN BIHAR
Oil and Natural Gas Corp (ONGC) is set to explore oil and gas reserves in Bihar, aiming to establish the state on India’s oil map.
HIGH CAPITAL EXPENDITURE IN ROAD AND RAIL SECTORS
Despite constraints imposed by the Model Code of Conduct for the Lok Sabha election, the road and railway ministries achieved a remarkable capital expenditure of Rs 5.2 lakh crore in the fiscal year 2023-24.
UBER SETTLES LEGAL DISPUTE WITH AUSTRALIAN CAB DRIVERS FOR A $271.8 MN
Uber has reached a settlement of A$ 271.8 million (£97.6 million) with Australian taxi operators and drivers to resolve a legal dispute over alleged income losses since its entry into the market in 2012.
CASE INDIA CELEBRATES THE 20,000TH VIBRATORY COMPACTOR
CASE Construction Equipment’s Pithampur facility in Madhya Pradesh, India, has achieved a significant milestone by producing its 20,000th vibratory compactor.
TATA MOTORS INAUGURATES VEHICLE SCRAPPING FACILITY NEAR DELHI
Tata Motors inaugurated its fifth Registered Vehicle Scrapping Facility (RVSF), near Delhi, named ‘Re. Wi.Re – Recycle with Respect.’ The facility was inaugurated by Girish Wagh, Executive Director, Tata Motors.
PARADIP PORT EMERGES AS TOP CARGO HANDLING PORT IN INDIA
Paradip Port Authority (PPA) has achieved a remarkable feat by clocking an impressive 145.38 MMT cargo throughput in FY2023-24.
BANDRA WORLI SEA LINK TOLL TAX INCREASE
Effective April 01, 2024, the toll charges for Mumbai’s iconic Rajiv Gandhi Bandra Worli sea link have been revised, marking an 18 per cent increase.
INTRODUCTION OF SHUTTLE BUS SERVICES ON ATAL SETU
Uber’s recent launch of shuttle bus services over the Atal Setu represents a significant step towards enhancing urban transportation infrastructure.
LAUNCH OF TRIAD INITIATIVE BY INDIAN DESIGN LEADERS
Indian design leaders gathered at the Indian Institute of Information Technology, Design and Manufacturing (IIITDM) Kancheepuram, Chennai, to launch the TRIAD initiative.
ENFORCEMENT OF 'ONE VEHICLE ONE FASTAG' RULE BY NATIONAL HIGHWAYS AUTHORITY
The National Highways Authority of India (NHAI) has initiated the ‘One Vehicle, One FASTag’ rule to streamline toll collection systems nationwide.