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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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Biden to pour hundreds of millions into building EV charging stations

Baua Electric

As part of President Biden’s massive $7.5 billion plan to extensively build out EV infrastructure in the US – much to the chagrin of some Republican lawmakers – the government has announced that it is investing $623 million in grants to put 7,500 more EV charging stations on the roads. Photo is licensed under CC-CC0 1.0

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Ohio supercharges its EV network with second round of NEVI charging stations

Baua Electric

Ohio’s NEVI DC fast charger rollout Ohio will award nearly $16 million to install 22 new DC fast-charging stations along federally designated EV corridors on interstates, state routes, and US routes. The federal NEVI program allocates $5 billion over five years to help US states create a network of EV charging stations.

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CEO’s Take On 2024: Tech-driven auto industry targets to be smarter, greener, says Prashanth Doreswamy – ET Auto

Baua Electric

After two consecutive years of swift growth in the auto industry’s performance, what is your outlook for 2024? Government will have a huge role to play here.Globally, governments and auto manufacturers are investing heavily in EV charging infrastructure, and hopefully this will be the same in India.