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CEO’s Take on 2024: Cost efficiency and tech skills make India a global force in auto parts sector, says Nirmal K. Minda, CMD, Uno Minda – ET Auto

Baua Electric

Minda, CMD, Uno Minda Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry ‘s performance, what is your outlook for 2024? The past two years have seen a remarkable transformation in the Indian auto and auto component industry.

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Electrify America EV charging network set to grow by 25% in 2024

Baua Electric

Electrify America confirmed Thursday, on the sixth anniversary of its first fast-charger installation, that it’s planning a big expansion of its fast-charging network in 2024. EA aims to reach 5,000 chargers by the end of the year, including larger charging stations and broader support for Plug & Charge payment tech.

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The US now has 1 DC fast charging station for every 15 gas stations

Baua Electric

Photo: By Wikideas1 – Own work, CC0, [link] DC fast charging station installation is gaining momentum in the US – Q1 2024 saw a 7.6% More DC fast charging stations are coming online Bloomberg Green analyzed federal Alternative Fuels Data Center data and found that nearly 600 DC fast charging stations came online in Q1 2024.

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Moody’s Japan says push for electrified vehicles poses credit challenges for key Japanese sectors

Green Car Congress

says that the push toward alternative-fuel vehicles—battery electric vehicles, hybrids, plug-in hybrids and fuel-cell vehicles—poses a credit challenge for multiple sectors in Japan, with the large auto sector and sectors such as steel and refining most affected. Moody’s Japan K.K.

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How did the National Electric Vehicle Infrastructure Program do in its first full year? – Charged EVs

Baua Electric

The National Electric Vehicle Infrastructure Program (NEVI), part of the Inflation Reduction Act, has made $5 billion in federal funding available to build public EV charging stations. – Charged EVs appeared first on Bauaelectric Auto News. Several states have had to push back their timelines.

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JCB India bags order to export 1000 hybrid construction equipment machines to Russia | Autocar Professional

Baua Electric

They have got an order for 1000 units for such machines,” Gadkari said while highlighting the efforts that companies are undertaking for adopting alternative fuels. JCB India launched a dual-fuel backhoe loader in November 2020 that runs on diesel and CNG using homogenous charge compression ignition (HCCI) technology.

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Moody’s: Automakers fully engaged on BEVs, but transition will pressure returns; need to invest in multiple technologies

Green Car Congress

Auto manufacturers are fully engaged in the global movement toward battery electric vehicles (BEVs) as part of their efforts to comply with emission requirements, but the transition will pressure their returns, according to a new report from Moody’s Investors Service.