As India pushes for electric vehicles to meet climate goals, critical mineral shortages could be addressed through battery recycling, but the largely informal sector lacks regulation, capacity, and government support. In 2021, at Glasgow Climate Summit, Indian Prime Minister Narendra Modi announced India’s goal of achieving net-zero by 2070. As a consequence, the country has spurred into action to quicken its pace on putting EVs on the road. It has resolved that by 2030 at le

High upfront cost of e-buses, range issues, bottlenecks in the supply chain, and under-developed charging infrastructure stand in the way of large-scale adoption of e-buses across the world, report finds. Last December, during a side event at COP28 hosted at the Indian Pavilion, officials from the US and India shared plans for a joint finance mechanism to roll out 50,000 electric buses in India by 2027 . The government is also working on a plan to set up a de-risking fund to

The report alleges that Toyota manipulated Google’s search algorithms in order to misdirect millions of consumers across Europe, the US and Australia searching for information, specifically on EVs towards petrol hybrid cars instead. A new report by global corporate watchdog Ekō claimed Toyota made false green claims targeting its customers through misleading marketing on 25 official Toyota websites in 23 countries, spanning a number of languages. According to the report, the

Financing EVs in India is not without its challenges, but the progress made and the potential for growth are undeniable India is at the cusp of a monumental shift in its automotive landscape, with the electrification of vehicles becoming increasingly prevalent. As the CEO of Revfin, a leading player in the Indian finance sector, I have closely observed the evolution of the electric vehicle (EV) industry and its financing ecosystem. In this article, we will delve into the chal

The collaboration between the Ministry of Mines, state-owned Khanij Bidesh India (KABIL) and Australia’s Critical Minerals Office to secure supplies of critical minerals has met with some success. The Australian authorities identified at least five mines of lithium and cobalt for India, the Times of India reported. KABIL is the joint venture between state-run NALCO, Hindustan Copper and Mineral Exploration Corporation. The government is looking for similar avenues in Chile,