At the current pace, the policy is set to miss its target of supporting over 15 lakh electric vehicles by the end of fiscal year 2022. Click to know more.
Charging up battery storage capacity
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With the thrust on e-mobility, the government is on mission mode to boost the battery ecosystem
With growing concerns on environment protection and on achieving energy security, and with major technological advancements, especially in the field of battery storage during last decade, the world is today witnessing an unprecedented disruption in the way the energy sector and mobility once operated.
Much can be inferred from the recent market signals. First, the valuation of the global e-vehicle giant Tesla has reached $500 billion, that is, more than the next 10 automakers combined. More significantly, its valuation is now more than ExxonMobil, Shell and BP combined, the three oil giants of the past century. It may be argued by few that there exists some froth in this, but the situation gives a clear indication of financial markets firm expectation that EVs and batteries are the future growth areas, while oil shall slowly decay and may proba