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EV adoption could save $10 bn, create millions of jobs by 2030: Amitabh Kant

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EV adoption could save $10 bn, create millions of jobs by 2030: Amitabh Kant

New Delhi, July 9 (IANS) Highlighting the need to create a new overarching strategy for road transport that can boost transition to Electric Vehicles (EV), G20 Sherpa and former NITI Aayog CEO, Amitabh Kant on Tuesday said that EV adoption could save $10 billion and create millions of jobs by 2030.

“There is a need to develop a new overarching strategy for road transport that can accelerate the EV transition by 2030,” Kant wrote in a post on X.

He also mentioned that this transition should focus on fully electrifying India’s 50 most polluted cities by 2030.

“This could save $10 billion by 2030 and generate millions of jobs, positioning India as a global EV manufacturing leader,” the G20 Sherpa mentioned.

Kant also shared an article written by him along with the post, in which he mentioned that the first step should be to electrify two-wheelers, three-wheelers, light commercial vehicles, and buses, as they are key contributors to tailpipe emissions.

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“These cities alone account for over 40 per cent of the nation’s vehicle registrations. If these cities achieve 100 per cent electrification in new vehicle sales by 2030, India will be well on its way to sharply reducing its oil needs,” he said.

As per the World Air Quality Report 2023, India ranked among the top three countries with the highest PM2.5 levels and is home to 42 cities among the top 50 with the worst air quality.

As mentioned by Kant, transportation emissions play a significant role, accounting for 14 per cent of energy-related CO2 emissions in India and heavily contributing to PM2.5, PM10, and NOx emissions.

The EV market in the country is currently valued at $5.61 billion (2023) and is projected to reach $50 billion by 2030, potentially creating at least 5 million direct and up to 50 million indirect jobs, he noted.

–IANS

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South Korean researchers advance all-solid-state battery technology

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South Korean researchers advance all-solid-state battery technology

South Korean researchers advance all-solid-state battery technology

New Delhi, July 30 (IANS) Researchers in South Korea have united to tackle the challenges in the commercialisation of all-solid-state batteries.

Yoon-Cheol Ha from the Next Generation Battery Research Center of Korea Electrotechnology Research Institute (KERI) collaborated with teams led by Professor Byung Gon Kim of Kyung Hee University, Professor Janghyuk Moon of Chung-Ang University, and Professor Seung-Ki Lee of Pusan National University to develop a technology for optimally mixing cathode materials with sulphide solid electrolytes in all-solid-state batteries.

All-solid-state batteries are gaining attention as a next-generation technology due to their low risk of fire or explosion, the research team said.

However, they require advanced technology compared to conventional batteries with liquid electrolytes.

The key challenge is the effective mixing and dispersion of cathode-active materials with solid electrolytes, conductive additives, and binders to create pathways for efficient electron and lithium-ion transfer and low interfacial resistance on the cathode-electrolyte interfaces.

The research team utilised a novel method of partially coating cathode active materials with solid electrolytes. Given the sensitivity of sulphide solid electrolytes to oxygen and moisture, the team developed a blade mill that uses inert gases to prevent chemical reactions. This innovation allowed them to study various solid electrolyte coating structures and optimise the mixture ratio and process conditions.

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Simulations demonstrated significant improvements in active material utilisation and rate capability. These findings were validated with a prototype (pouch cell), confirming the enhanced performance of the all-solid-state battery. The research, published in Energy Storage Materials, a leading international journal with an impact factor of 18.9, highlights the team’s success.

Yoon-Cheol Ha emphasised the importance of enhancing performance and reducing costs of solid electrolytes, along with designing and manufacturing composite electrodes.

He noted, “By using a composite material with partially coated cathode active material, we can significantly improve the performance of all-solid-state batteries.”

KERI plans to secure patents related to the technology and pursue commercialisation, aiming to attract manufacturers of materials and equipment for all solid-state batteries.

–IANS

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POCO M6 Plus 5G drops on August 1 with premium glass design, superior performance

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POCO M6 Plus 5G drops on August 1 with premium glass design, superior performance

POCO M6 Plus 5G drops on August 1 with premium glass design, superior performance

New Delhi, July 30 (IANS) Smartphone brand POCO is set to launch the highly-anticipated M6 Plus 5G in India on August 1, alongside the POCO Buds X1.

Building on the success of the POCO M6 Pro, the POCO M6 Plus 5G is designed for those who refuse to compromise.

It’s the perfect blend of head-turning style, pro-grade photography, and power that keeps up with your every move on a budget.

The POCO M6 Plus 5G is all about premium vibes. It features the segment’s only dual-sided glass and stylish ring flash design. With an 8.32 mm profile, corning gorilla glass 3 protection on the display, and an IP53 rating for water and dust resistance, the POCO M6 Plus 5G ensures both elegance and durability. You can choose from sophisticated misty lavender, ice silver, or classic graphite black.

The device offers the largest display ever on a 5G phone – a stunning 6.79 inch FHD+ display with 120Hz adaptive sync that brings everything to life. Moreover, the device comes with a fast-side fingerprint sensor that seamlessly blends security and convenience.

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It also houses segments’ only 108MP dual rear camera system on a 5G phone. The 9-in-1 pixel binning technology on the smartphone will further enhance image quality, while the 13MP front camera is selfie-ready.

Low light? No problem. The M6 Plus laughs in the face of darkness.

Powered by the Qualcomm Snapdragon 4 Gen 2 AE processor, the POCO M6 Plus delivers the ultimate 5G experience. The device comes with an impressive AnTuTu benchmark score of approximately 460K and up to 16GB of RAM, including 8GB of virtual RAM, for effortless multitasking and a buttery-smooth user experience.

The POCO M6 Plus 5G runs on Xiaomi HyperOS making it the first smartphone in the POCO M series to feature this innovative software out-of-the-box, along with Android 14.

You can watch the live launch of POCO M6 Plus on the company’s official X account on August 1 and get ready to experience the next level of style and performance.

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–IANS

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Sensex, Nifty close flat amid volatility

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Sensex, Nifty close flat amid volatility

Sensex, Nifty close flat amid volatility

Mumbai, July 30 (IANS) Indian equity indices closed flat on Tuesday amid volatile sessions.

During the day, the Sensex traded in the range of 81,230 to 81,815 points and Nifty traded between 23,798 to 24,971.

At the end of trading, the Sensex was up by 99 points at 81,455 and Nifty was up by 21 points at 24,857.

A buying trend was seen in midcap and smallcap shares.

The Nifty Midcap 100 index closed at 58,623, up 261 points or 0.45 per cent, and the Nifty Smallcap 100 index closed at 19,207, up 164 points or 0.86 per cent.

Market experts said, “Market focus will shift to the upcoming US Fed meeting, which is anticipated to provide a timeline for a potential rate cut in 2024, along with Q1 results from major domestic companies.”

Among the sectoral indices, “Auto, Fin Service, Metal, Realty, Energy and Infra were the major gainers. IT, Pharma and FMCG were major laggards.”

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Shrey Jain, Founder and CEO of SAS Online said, “Today, the Sensex and Nifty benchmarks are trading higher following a flat start, driven by mixed global trends.

“The Nifty continues its solid near-term uptrend, facing resistance around the 25,000 level and support expected at 24,700.”

“In the short term, the market may experience some volatility or a slight decline before potentially trending upwards,” he added.

The rupee remained range-bound near 83.72 as the dollar held steady at $104.20. The rupee showed little reaction to dollar movements, with stable crude prices contributing to a flat trading session.

–IANS

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Clean mobility ecosystem to become $250 billion opportunity in India by FY30

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Clean mobility ecosystem to become 0 billion opportunity in India
 by FY30

Clean mobility ecosystem to become $250 billion opportunity in India
 by FY30

New Delhi, July 30 (IANS) As the government doubles down on clean and sustainable transportation, the clean mobility ecosystem in the country is expected to become a $250 billion opportunity by FY30, growing at a compound annual growth rate (CAGR) of 38 per cent, a new report said on Tuesday.

By FY30, the overall mobility market in India is expected to reach $1.2 trillion, with clean and electric mobility accounting for about 20 per cent of the overall market, according to the report by Praxis Global Alliance.

“India’s journey towards electrifying its transportation sector is not just a leap towards a sustainable future but also a significant economic opportunity,” said Aryaman Tandon, Managing Partner, mobility, energy and transportation, Praxis Global Alliance.

India has an EV-to-charging station ratio of 9:1. To reach the globally acceptable standard ratio of 4:1, the government has taken multiple initiatives, including significant allocations in FAME II (over $120 million) and the reduction of GST rates on EV chargers.

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“Despite challenges faced by the global EV market due to geopolitical shifts and fluctuating manufacturing costs, India remains a beacon of resilience,” the report mentioned.

The country’s strategic positioning, coupled with favourable domestic conditions and a robust policy framework, creates an environment conducive to rapid clean mobility adoption.

According to the findings, India’s emphasis on developing an integrated clean mobility ecosystem not only boosts EV adoption but also fosters innovation in supporting industries, such as charging infrastructure, battery technology, and sustainable supply chains.

“There is significant foreign direct investment (FDI) and private equity investment in this sector, which is a key growth driver,” it added.

By FY30, clean mobility product opportunities are projected to hit $94 billion, with overall penetration rising significantly to 23 per cent.

Mobility services opportunity in India is worth $450 billion in FY24, with more than 80 per cent of the opportunity lying in transportation and logistics services.

According to the report, the software solutions opportunity size is estimated at $0.37 billion in FY24, expected to grow at a CAGR of 27 per cent, reaching $1.58 billion by FY30.

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–IANS

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ONDC launches interoperable QR code to empower Indian ecommerce sellers

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ONDC launches interoperable QR code to empower Indian ecommerce sellers

ONDC launches interoperable QR code to empower Indian ecommerce sellers

New Delhi, July 30 (IANS) The government’s Open Network for Digital Commerce (ONDC) on Tuesday introduced an interoperable QR code that is set to transform the e-commerce landscape and empower every seller — from local artisans to neighbourhood shopkeepers.

Sellers have been limited by platform constraints, struggling to make their products visible to a wider audience.

The interoperable QR code, currently in its alpha phase, allows sellers to generate a unique QR code that customers can scan using an ONDC-registered buyer app, starting with magicpin and Paytm, and soon expanding across the entire network after initial testing.

“ONDC’s interoperable QR code breaks down the barriers that have held small businesses back. Now, every seller has the power to reach customers digitally, just like the e-commerce giants. It’s a massive leap towards an open, inclusive, and democratised digital marketplace,” said T Koshy, MD and CEO, ONDC.

With this, sellers can display their QR codes anywhere — on storefronts, products, marketing materials, or social media — instantly connecting with customers both offline and online, said the open network launched by the Department for Promotion of Industry and Internal Trade (DPIIT).

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Last month, in a bid to empower micro, small and medium enterprises (MSMEs), the government announced an initiative to onboard five lakh MSMEs to the ONDC.

“Think of the local shopkeeper, the street vendor, the artisan — they can now be discovered and patronised by anyone, anywhere,” Koshy said.

“This isn’t just a new feature; it’s a catalyst for economic growth and digital inclusion. Millions of businesses will come online, creating new opportunities and driving India’s digital economy forward,” he added.

–IANS

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