New energy vehicles to gain acceptance by 2030: Survey

25 Sep 2024 CW Team

A recent survey revealed that a majority of new car buyers are expected to embrace new energy vehicles (NEVs) by 2030. According to the study conducted by Urban Science and The Harris Poll, around 83% of the 1,000 Indian participants said they would consider purchasing an NEV within the next decade. Additionally, buyers indicated a willingness to pay up to 49% more for an electric vehicle compared to a conventional petrol or diesel model.

The growing acceptance of NEVs in India is attributed to the rapid expansion of the public EV charging network, with over 6,000 stations already in operation across major cities and highways. This number is projected to exceed 100,000 by 2027, further bolstering the positive outlook for electric mobility.

The survey highlighted India's need to access advanced technology and production scale, similar to what China has achieved in the electric vehicle (EV) sector. China's dominance in lithium-ion battery production, electric motors, and charging infrastructure serves as a valuable reference for India's EV ambitions. Collaborating with Chinese companies could help India accelerate its EV development, making electric cars more affordable and accessible. The survey emphasised that learning from China's large-scale EV projects could enable India to avoid common challenges and fast-track its transition to electric mobility.(ET)

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..