According to a recent report, India’s electric vehicle financing industry is projected to be worth Rs 3.7 lakh crore (€43.5 billion) in 2030, which would be about 80% of the current retail vehicle finance industry. The government is planning to set up an institution to fund businesses with a focus on electric vehicles as well as facilitate new financial instruments for lending to the public transportation and commercial vehicle segment, Union minister Nitin Gadkari said. Gadkari also said the government is planning to bring incentives for construction equipment vehicles to encourage them to become electric ones.

• Report 1 - Fundamentals of Electric Vehicle Charging Technology and its Grid Integration Read more/Download>>

Report 2 - International Review on Integration of Electric Vehicles charging infrastructure with distribution grid.

During the pandemic, India has reported the highest increase in the use of AI at 45%, as compared to other major economies (the US at 35%, the UK at 23 % and Japan at 28 %). In fact, AI startups in India attracted total funding of $836.3 million in 2020. Also, despite the total number of high-value funding shrunk, the companies that received funding almost doubled in 2020 compared to 2019,” according to homegrown independent Transaction Advisory firm, RBSA Advisors. According to the study titled ‘Artificial Intelligence & Its role in Delivering Economic Value to Indian Enterprise, investment in AI has accelerated in India during the pandemic and the country has a potential to be a global epicentre of AI. IT services and technology sectors contribute to more than 60% of the AI market, followed by BFSI, engineering and retail.