IFC And ALD Partner To Scale Green Vehicle Fleets, VIDA Sets Up Public Charging Infrastructure In Bengaluru, Delhi, And Jaipur, And Much More...

Toyota Motor Corporation , one of the world’s largest automakers, has announced a significant pivot towards #electricvehicles (EVs) in response to growing global demand for more environmentally friendly vehicles. The announcement was made by Toyota’s CEO, Koji Sato, who declared that the company will begin shifting its business model towards #evs, with a goal of having them account for half of Toyota’s global sales by 2030.

AMU Leasing , India’s leading and only woman-led technology-driven NBFC business exclusively serving the #electricvehicle ecosystem has announced its expansion plans. The Electric Vehicle (EV) financing firm aims to capture the untapped market in the cities that are emerging as potential hubs for #ev financing. The company headquartered in New Delhi has plans to grow exponentially in the 7 cities situated in the Northern states of Uttar Pradesh and Haryana, namely, Gorakhpur, Varanasi, Azamgarh, Lucknow, Karnal, Panipat, and Rohtak.

IFC - International Finance Corporation and ALD, a leading global vehicle leasing company and a subsidiary of Societe Generale, announced a partnership to reduce #carbonemissions in transport by accelerating the adoption and penetration of #greenvehicles in emerging markets.The US$400 million IFC investment will help ALD grow its green fleet, a combination of hybrid, #plugin hybrid, and battery #electricvehicles, in seven countries –Türkiye, Mexico, India, Serbia, Romania, Bulgaria, and Croatia.

VIDA, Powered by Hero MotoCorp , the emerging mobility brand of Hero MotoCorp – the world’s largest manufacturer of #motorcycles and #scooters, has initiated operations of its public charging infrastructure in Bengaluru, Delhi, and Jaipur.The brand has set up nearly 300 charging points at 50 locations across the three cities for public use. The charging network is spread across key locations, ensuring customer convenience

#India needs investments worth up to Rs 33,750 crore (USD 4.5 billion) to achieve the government PLI target of setting up 50 GWh of #lithiumion cell and #batterymanufacturing plants, according to an independent study released today by the Council on Energy, Environment and Water (CEEW). The country requires up to 903 GWh of energy storage to?decarbonise its mobility?and?power sectors?by 2030, and lithium-ion batteries will meet the majority of this demand.