article thumbnail

REC to offer financing for 50,000 e-buses over the next 2-3 years | Autocar Professional

Baua Electric

For the fiscal year ended 2023-24, REC CMD said funding for all green energy projects, which includes a mix of solar, wind energy, and electric mobility, has increased by 533%, from Rs 21,554 crore in FY23 to Rs 1,36,516 crore, including electric mobility and green hydrogen.

article thumbnail

Nikola turns to Delaware legislation to backup finance hydrogen pivot

Baua Electric

6 billion from 800 million is important to its pivot to generating hydrogen gasoline mobile vehicles and development out HYLA, its hydrogen manufacturing and distribution community. million California Transportation Fee serve to assemble six heavy-duty hydrogen refueling stations in Southern California for HYLA.

article thumbnail

Nikola pivots towards hydrogen for North American marketplace

Baua Electric

It would additionally borrow towards its structures and alternative property to boost finances, Anastasiya Pasterick, the corporate’s lately appointed CFO mentioned Tuesday all the way through the corporate’s first-quarter income name. Nikola is retooling its technique.

article thumbnail

Vibrant Gujarat Summit witnesses MoUs worth Rs 10 lakh crore in renewable energy sector | Autocar Professional

Baua Electric

The development should be seen in the context of India’s automotive energy, which is looking to transition towards cleaner automotive fuels, including electric vehicles, hydrogen, and biofuels, among others.

article thumbnail

Big Oil Betting On Electric Vehicles

Green Car Congress

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. Shell and Total SA have been looking to diversify their energy assets through hydrogen as a transport fuel.

Oil 218
article thumbnail

UKH2Mobility interim report finds potential for 1.6M hydrogen-powered vehicles on UK roads by 2030, with annual sales of 300K units

Green Car Congress

UK consumer demand for FCEVs increases as the cost premium diminishes and the network of hydrogen refueling stations (HRS) expands. The forecast was made in an interim report commissioned to evaluate the benefits of hydrogen fuel cell electric vehicles (FCEVs) and ensure the UK is well positioned for their commercial roll-out.

Hydrogen 252
article thumbnail

India could be the largest electric vehicle market by 2030, says Piyush Goyal | Autocar Professional

Baua Electric

India is now being recognised across the world with the pace at which we are doing pioneering work in technologies like advanced energy storage and e-mobility and green hydrogen. By 2030, India could become the world’s largest electric vehicle market,” Goyal said at the inauguration of Bharat Mobility Global Expo 2024.

India 52