India is making a big push for electric vehicles and aims at electrifying all vehicles in the country by 2032. According to reports, the government thinktank NITI Aayog is planning to make it mandatory for taxi aggregators like Uber and Ola to make 40 per cent of their fleets electric by 2026. However, despite aggressive policy push, EV penetration in India remains low primarily due to inadequate charging infrastructure for EV users. According to a Bloomberg report from October 2019, India sold only 8,000 electric cars in last six years! This time we feature the emerging business opportunities in EV charging segment.
Between 18 and 22 January, India witnessed the gigantic congregation of global electrical and power industry at the 2020 edition of ELECRAMA held in Greater Noida. We are delighted to present a detail review of the event here.
Over the last few years, India on its quest to provide ‘Power to All’ has made significant strides towards increasing the power generation capacity. As of 31st January, total installed capacity of power stations in India stood at 368.69 GW, risen from 234.60 GW in 2014. On this note, in April, we are coming up with a special issue on ‘Power Generation’ which will highlight the market developments and product/technology innovations across the sector. We invite your participation in this special issue.
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