This company is making India ready for 'Electric vehicle' revolution
Wednesday, November 15, 2017 IST
India is slowly-but-surely laying groundwork for electric vehicles (EVs).
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The government has been taking several measures to stick to its 2030 deadline of having only EVs on roads. Through the state-owned company India's Energy Efficiency Services Limited (EESL), it is now planning to invest in advanced EV-related technologies, fast charging and battery storage.
Read on find out India's latest investments in the EV sector.
in context: Work-in-progress to usher in India's EV revolution
15 Nov 2017
This company is making India ready for 'Electric vehicle' revolution
India is slowly-but-surely laying groundwork for electric vehicles (EVs).
The government has been taking several measures to stick to its 2030 deadline of having only EVs on roads. Through the state-owned company India's Energy Efficiency Services Limited (EESL), it is now planning to invest in advanced EV-related technologies, fast charging and battery storage.
Read on find out India's latest investments in the EV sector.
Investment
India to funnel £100 million to buy UK companies
Funded $454 million by international environmental aid organization the Global Environment Facility, EESL aims to invest around 100 million in acquiring companies in the United Kingdom.
It has already funneled about 15 million in the UK to avail cutting-edge technologies in the area of district cooling, a concept that's important in making large scale batteries and grids for electric vehicles.
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