Big push for charging infrastructure is a must for EV penetration
Batteries are expected to only make up only 15% of a vehicle's total costs by 2030, compared with 30% today.
South Korea's LG Chem said it plans to separate its battery business as a new company in December
Chatterjee informed that two new companies - MG Motor (with its Hector model) and KIA Motors (with its Seltos) started this year with 100 per cent use of Exide batteries
India's top oil firm IOC on Friday launched a battery swapping facility for EVs at its petrol pumps, offering to replace discharged batteries with fully charged ones in just couple of minutes.
For months, Tesla Chief Executive Elon Musk has been teasing investors, and rivals, with promises to reveal significant advances in battery technology during a "Battery Day" in late May.
While China is eyeing an ambitious target for EVs by 2025, India is opting a more gradual transition
The car, to be sold under the 'Hengchi' brand, will debut in the first half of next year, with mass production starting in 2021, the company said in a statement
NTPC had earlier said it has signed pacts with cab aggregators Ola, Lithium, Shuttl, Bikxie, Bounce, Electrie and Zoom Car for creation of public charging infrastructure for electric vehicles.
Stating that India is still not equipped with the ecosytstem for EVs, Renault India CEO and MD Venkatram Mamillapalle said launching EVs now and "having the cars in the garages makes no sense"
Predictions are that battery-fueled electric cars will outsell those that run on gasoline by 2040