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Govt Plans Rs 80,000 Crore Electric Bus Contract to Curb Emissions

State-controlled Convergence Energy Services Ltd. is planning a $10-billion (Rs 80,000 crore) tender for 50,000 electric buses that will drive India’s plans to decarbonise public transport and help meet its goals for net zero emissions.

July 22, 2022. By News Bureau

State-controlled Convergence Energy Services Ltd. is planning a $10-billion (Rs 80,000 crore) tender for 50,000 electric buses that will drive India’s plans to decarbonise public transport and help meet its goals for net zero emissions.

CESL Managing Director Mahua Acharya said such tenders are beginning to look like infrastructure projects and local production of electric buses is expected to grow in tandem with demand.

“This country is moving very very rapidly on its electric vehicles ambition,” Acharya told Bloomberg Television in an interview. “So financing remains a challenge in as much as it presents an opportunity.”

As world’s third-biggest emitter, India needs to build charging stations, improve grid capacities and redesign depots to ensure the adoption of electric vehicles, said Acharya. She also listed ongoing shortages with battery supplies as a concern.

India could electrify all two-wheelers currently on the roads and complete the electrification of public buses in five to seven years, Acharya said. Earlier this year CESL awarded a contract for 5,450 electric buses on behalf of five state governments.


source:bloomberg

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