Page 88 - Evs News Today

Domestic diesel demand is projected to rise from 1.8 million barrels per day (mbd) in 2023 to 2.3 mbd in 2030, an increase of 4.5% annually, IEA said in its India Oil Market Outlook. By comparison, petrol demand is estimated to rise a modest 0.7% every year to 1 mbd in 2030 from 0.9 mbd in 2023. For the last many years, diesel consumption has grown at a much slower pace than petrol as preference for petrol cars grew after deregulation eroded diesels price advantage.

Anglo American announced the launch of a research and development project in collaboration with GEM, one of China’s largest battery and battery material recyclers.

Ministers need to intervene to boost the secondhand electric vehicle market and allay “uncertainty and concerns” over the health of their batteries, a House of Lords committee has said. Peers on the environment and climate change committee urged the government to step up efforts to encourage electric vehicle adoption amid consumer jitters over the cost of vehicles, the longevity of their batteries and the availability of charging points. – Guardian

The Environment and Climate Change Committee has reported that a successful transition to EVs is essential if the government is to meet its legally binding net zero target by 2050.

India Energy Week 2024: India is set to witness an investment of USD 67 billion in the energy sector over the next 5 to 6 years, according to Prime Minister Narendra Modi.

Toyota shares surged after the announcement early losses, and closed 4.8% higher - the biggest one-day gain in nearly eight months. The improved outlook from the worlds best-selling automaker contrasts with a downbeat forecast from many rivals that have warned of tepid sales growth and announced output cuts amid high interest rates and slowing demand for electric vehicles.

Automaker Force Motors plans to invest Rs 2,000 crore in the next three to four years on various activities including sustainability and electric vehicle (EV) development. The company aims to bring electric versions of its vans ranges step by step going forward, with the first electric offering being the Traveller Electric. Force Motors also plans to install a second large paint shop and increase its use of green energy.

Take 5 minutes to catch up on Infection Control Today®’s highlights for the week ending February 4, 2024.

Toyota chairman came out last week with predictions that EVs will never be more than 30 per cent of total auto market

Mariko Shiohata leads transport campaigning for Greenpeace in Tokyo.The rapid aging of Japan's population is putting rural residents in a particularly