India gradually laid the foundation for electric vehicles (EVs) on-the-fly.
The government is taking several steps to complete the deadline of 2030 to run the EV on the roads only. Through the government-owned company of India’s Energy Efficiency Service Limited (EESL), it is now planning to invest in advanced EV-related technologies, fast charging and battery storage.
Read about finding out India’s latest investment in the EV field.
India traveled £ 100 million to buy UK companies
The Global Environment Facility, EESL, with an investment of $ 454 million by the International Environment Assistance Organization, aims at investing about 10 million companies in the United Kingdom.
In the UK, about 15 million have already been thrown to take advantage of state-of-the-art technologies in the field of district cooling, a concept that is important in making large volumes of batteries and grid for electric vehicles.
Description: A major boost in building infrastructure for fast charging
For the acquisition of more than 20,000 EVs, the nodal agency, EESL will also invest in the construction of required infrastructure for fast charging.
Indian automobiles and energy giants have agreed to increase support for smooth transition.
Tata Motors and Mahindra and Mahindra will provide more than 500 cars in the first phase of the program, and companies like ABB Power will be set up at 4,000 EV charging stations.
India is also investing in other clean energy sectors
EESL is also entering other clean energy areas such as grid storage. It will invest in a 14 megawatt of the grid-level storage facility in Ontario, Canada, which is a joint venture with the UK-based energy firm. This project will complement the grid with supporting services.