Centre's big push for electric vehicle adoption, manufacturing continues, ET Auto

AdvtAdvtJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETAuto App Get Realtime updatesSave your favourite articles Scan to download AppNew Delhi: In a bid to push electric vehicle (EV) adoption and local manufacturing in the country, the government declared several new initiatives in the recent past as electric car sales in India are projected to reach 1.5 lakh in the current fiscal year (FY25).The adoption of electric two-wheelers is also surging in the country. The e-2W sales soared to 17,52,406 units in FY24.This growth was led by two-wheelers and three-wheelers, which contributed 94% to the total sales, according to a latest report by JMK Research and Analytics.The Electric Mobility Promotion Scheme 2024 ( EMPS 2024 ), launched by the Ministry of Heavy Industries on March 13 this year, aims to boost the adoption of EVs across the country.Originally set to run from April 1 to July 31 with a total outlay of INR 500 crore, the scheme has now been extended by two more months.Now, the EMPS scheme will run till September 30, with a new outlay of INR 778 crore.The scheme aims to foster the growth of the EV manufacturing ecosystem in the country.According to the Ministry, the scheme will be applicable mainly to those e-2W and e-3Ws registered for commercial purposes.Further, in addition to commercial use, privately or corporate-owned registered e-2W will also be eligible under the scheme, according to the Ministry.The scheme now targets to support 560,789 electric vehicles (EVs), comprising 500,080 electric two-wheelers (e-2Ws) and 60,709 electric three-wheelers (e-3Ws).The Scheme promotes an efficient, competitive and resilient EV manufacturing industry in the country thereby promoting Prime Minister Narendra Modi's vision of 'Aatmanirbhar Bharat. 'The aim is to attract investment from global EV manufacturers and promote India as a manufacturing destination for e-vehicles.According to a latest CareEdge Ratings report, the electric car penetration is consistently increasing in the country, driven by the government's efforts towards a more sustainable, environmentally friendly, and efficient transportation sector.The shift to electric mobility extends beyond cars and trucks and e-rickshaws and e-karts are also gaining popularity across the country.Electric bus sales soared to 3,708 units in FY2024 with a growth of 85% on a YoY basis.

July 29, 2024 17:07 UTC


US Shooting: अमेरिका में नहीं थम रही गोलीबारी, अब न्यूयॉर्क के पार्क में फायरिंग से 1 व्यक्ति की मौत; 6 घायल

US Shooting अमेरिका में गोलीबारी की घटनाएं थमने का नाम नहीं ले रही है। अब न्यूयॉर्क के रोचेस्टर शहर के एक पार्क में गोलीबारी से एक व्यक्ति की मौत हो गई। घटना में छह लोग घायल भी बताए जा रहे हैं। मेपलवुड पार्क में गोलीबारी से 7 लोग घायल हुए जिसमें से एक की मौके पर ही मौत हो गई।एजेंसी, नई दिल्ली। US Shooting अमेरिका में गोलीबारी की घटनाएं बंद होने का नाम नहीं ले रही है। हर दूसरे दिन गोलीबारी से लोगों के मरने की खबर सामने आती है। इस बीच अब न्यूयॉर्क के रोचेस्टर शहर के एक पार्क में गोलीबारी से एक व्यक्ति की मौत हो गई। घटना में छह लोग घायल भी बताए जा रहे हैं। 7 लोगों को लगी गोली समाचार एजेंसी एपी के अनुसार रोचेस्टर पुलिस ने बताया कि घटना शाम 6 बजकर 20 मिनट की है। मेपलवुड पार्क में गोलीबारी की सूचना मिलते ही पुलिस घटनास्थल पर पहुंच गई थी और उसने पाया कि 7 लोग गोली लगने से घायल हैं और बड़ी संख्या में लोग घटनास्थल से भाग रहे हैं।20 वर्षीय लड़के की मौत पुलिस के अनुसार, इस गोलीबारी के कारण 20 वर्षीय लड़के की मौत हो गई। वहीं, एक अन्य की हालत गंभीर है और पांच अन्य लोगों को मामूली घाव आए हैं। सभी घायलों को पास के अस्पताल में भर्ती कराया गया है।पुलिस ने कहा कि घायलों को निजी वाहन और एम्बुलेंस से अस्पताल ले जाया गया। गोली लगने वाले पीड़ितों की पहचान अभी तक जारी नहीं की गई है।

July 29, 2024 15:16 UTC


Budget 2024 missed opportunity for green hydrogen, say experts, ET EnergyWorld

AdvtAdvtBy & ,ETEnergyWorldJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETEnergyworld App Get Realtime updatesSave your favourite articles Scan to download AppMumbai: India’s Union Budget 2024-25 lacked significant new measures to support the green hydrogen sector, with industry experts noting that the absence of initiatives in the full Budget represents a missed opportunity despite the green molecule’s growing importance in global energy strategies According to Vineet Bhatia, executive director, Grant Thornton Bharat, India’s fiscal support under NGHM for green hydrogen and its derivatives are creating an initial ecosystem for establishing the market, however, there is a necessity to provide additional support.“Support such as including tax holiday or concessional corporate tax, additional fiscal support for production of green molecules, and electrolyzer manufacturing which would increase India’s competitiveness in the global platform and counter the green subsidies offered by global counterparts,” he said.He added that unless like other global markets which heavily rely on sizable green subsidies, India is uniquely placed to supply renewable electricity RTC in a cost effective way, which would enhance the off take by demand markets.Bhatia said there is a necessity to develop the domestic market to drive the scale in investment and create a buffer for the demand market, in order to protect the investment growth against adverse scenarios as we already see key off-take markets are getting crowded with supply options from global competition.“While the Budget missed the opportunity to address it, MNRE should come up with additional tranche of fiscal and non-fiscal support to push the market from early stage to growth stage and keep the momentum,” he added.Sanjeev Kaul, Head - Green Molecule Business, Jakson Green said that they were not expecting any major announcements in this Budget, as the government already took the lead with initiatives like SIGHT.The government has earlier announced Rs 4,500 crore under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme.“We believe the government is working on various other initiatives to support the industry in reducing the price gap between grey and green hydrogen,” he said.He added that the Budget's announcement of large fiscal support for infrastructure will enhance investments in GH2 mobility. The allocation of capital for climate change adaptation and mitigation related investments will benefit the hydrogen value chain.Kunal Saxena, Head – Strategic Investments at AMPIN Energy Transition said that the PLI scheme alone isn’t sufficient.“To ensure a robust transition to green hydrogen the government should issue a regulatory mandate on demand side for switching to green hydrogen, coupled with fiscal incentive for adoption, reduce electrolyser cost through easing of duties and taxes, subsidise ⁠RTC green power,” he said.He added that pipeline infrastructure for GH2 transportation should be developed along with low-cost financing of projects under priority/thrust sector.Charith Konda, Energy Specialist, India Mobility and New Energy, Institute for Energy Economics and Financial Analysis said that although the Interim Budget allocated Rs 600 crore for green hydrogen initiatives, the intended use of these funds remains unclear.“The Budget speech could have provided valuable clarity by outlining specific initiatives that will benefit from this allocation,” he said.Konda added that the government missed an opportunity to address key challenges facing the industry, including offtake concerns, evolving standards, and the need for hydrogen storage and transportation infrastructure. A clear roadmap or indications of support measures would have been welcome in the Budget, he said.Earlier this year, the Interim Budget for 2024-25 provided for a Budgetary allocation of Rs 600 crore for the National Green Hydrogen Mission, which was a whopping 102 per cent increase over the previous Rs 297 crore provided in the Expenditure Budget document for 2023-24.Now, in the full Budget of 2024-25, the government has not made any changes to the allocation announced in the Interim Budget presented in February this year.According to Sudipa Majumdar, Director, IRADe and Navpreet Saini, Senior Research Analyst, IRADe there were anticipations of Budgetary allocations in the wind and green hydrogen sectors along with additions of new capacities, in line with the solar and nuclear initiatives.“Unfortunately, there were no announcements by the Finance Minister about strengthening the wind, biomass or the green hydrogen ecosystems in India,” he said.Ashwin Jacob, Partner & Industry leader, Energy, Resources & Industrials, Deloitte India said that while green hydrogen might not have been a major highlight in the Budget – in terms of a significant mention – there were a few upcoming announcements that clear

July 29, 2024 12:33 UTC


Good News; रीवा से भोपाल के बीच चलेगी एक और ट्रेन, रेवांचल एक्सप्रेस में वेटिंग से मिलेगी निजात

नईदुनिया प्रतिनिधि, रीवा: रीवा-भोपाल यात्रियों के लिए रेलवे ने एक और बड़ी सौगात दी है। रेवांचल एक्सप्रेस में लंबी वेटिंग के चलते रीवा से भोपाल के बीच एक और नियमित ट्रेन चलाने की मांग लंबे समय से हो रही थी। रेल मंत्री अश्विनी वैष्णव ने एक नई ट्रेन को मंजूरी दे दी है। यह ट्रेन सप्ताह में रीवा से भोपाल के बीच दो-दो फेरे लगाएगी। इससे रीवा, मऊगंंज, सीधी, सतना के यात्रियों को सीधा फायदा होगा।यह नई रेल सेवा 2 अगस्त से प्रारंभ होगी। फिलहाल यह ट्रेन सप्ताह में 2 दिन चलेगी। भोपाल से यह ट्रेन शुक्रवार और रविवार को रात्रि 10.30 बजे चलेगी और रानी कमलापति, इटारसी, जबलपुर होकर अगले दिन सुबह 8.05 बजे रीवा पहुंचेगी। इसी तरह यह ट्रेन रीवा से शनिवार और सोमवार की रात 11 बजे चलेगी तथा सुबह 9.15 बजे भोपाल पहुंचेगी।रेवांचल में वेटिंग के कारण लंबे समय से थी मांगरीवा-सीधी और सतना के लोग बड़ी संख्या में भोपाल में रहते हैं। वर्तमान में भोपाल और रीवा के बीच रेवांचल एक्सप्रेस ही सीधी रेल सेवा उपलब्ध है, जिसमें रिजर्वेशन मिलने में दो-दो महीने लग जाते हैं। ऐसे में रेवांचल एक्सप्रेस के अलावा एक और रेल सेवा की मांग लंबे समय से की जाती रही है। रेल मंत्री अश्विनी वैष्णव ने भाजपा महामंत्री भगवानदास सबनानी को पत्र लिखकर नई ट्रेन की स्वीकृति की जानकारी दी।वंदे भारत एक्सप्रेसहालांकि प्रीमियम कैटेगरी की वंदे भारत एक्सप्रेस भी रीवा से भोपाल के रानी कमलापति रेलवे स्टेशन के बीच चल रही है। ये ट्रेन रीवा से सुबह 5:30 बजे चलकर जबलपुर होते हुए दोपहर 1:30 पर रानी कमलापति पहुंचती है। वहीं दोपहर 3:30 पर रानी कमलापति स्टेशन से चलकर रात 11:30 पर रीवा पहुंचती है। प्रीमियम होने के चलते इसमें यात्रियों की संख्या रेवांचल के मुकाबले बहुत कम रहती है।

July 29, 2024 12:25 UTC


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