Govt wants to certify all automotive PLI applicants by July

The Union ministry of heavy industries, which implements the government’s production-linked incentive (PLI) scheme for advanced automotive technologies, is aiming for all the 85 applicants to receive the approval certification against the scheme’s domestic value-addition (DVA) criteria by July 2024, its secretary Kamran Rizvi said. “We are confident our PLI scheme will clear any audit … Read more

China bans export of rare earth processing technologies

The move comes as Europe and the United States scramble to wean themselves off rare earths from China. File. China, the world’s top processor of rare earths, on December 21 banned the export of technology to extract and separate the strategic metals, as it overhauled a list of technologies deemed key to national security. The … Read more

Delhi government’s major policy shift towards EVs

According to the policy, the state wants all cab aggregators and delivery service providers to transition towards 100% electric vehicles by calendar year 2030. The policy entails 5% EVs in fleet of the likes of Uber and Ola in six months, 50% in three years and 100% in five years. After three years, only EVs … Read more

Li-ion battery recycling: booming market with a reverse logistics challenge

The increasing adoption of electric vehicles, the rising number of smartphones, laptops, and other consumer electronics, and the growing need for eco-friendly energy storage solutions have been driving the Lithium-ion (Li-ion) battery market in India. Estimated at $2.5 billion in 2023, it is expected to cross $5 billion in the next five years. The increasing … Read more

Reliance showcases swappable, multipurpose EV batteries

Reliance in recent years has announced big ambitions in the renewable space. In continuation of the same, it has now showcased it’s swappable and multipurpose battery storage technology for electric vehicles (EVs). As part of the plan, RIL has developed a removable lithium-ion battery that can power an electric scooter, electric three-wheeler and a light … Read more

US Prez Joe Biden’s $400 billion man

Jigar Shah is living an investor’s dream, one with more strings attached than a symphony orchestra. Shah has $400 billion of government funds to pour into businesses touting green-energy projects. But he has to do it under the eye of critical lawmakers, cautious bureaucrats and the White House, which has already clashed with him on … Read more