Effects of the climate change are being felt worldwide. The world had witnessed record levels of pollution in the last decade and with levels going upwards, there was a firm need of change. Tesla and Elon Musk started the rejuvenation of the electric vehicles long after it was initially proposed by Nikola Tesla. However, the launch of Tesla kickstarted the time for electric vehicles. Internal combustion powered- vehicles have long been the reliable mode of transportation. The subsequent emergence of EVs has been a game-changer for the environment since it is significantly cleaner than its petrol-powered counterpart.
GROWING STRONGER
The Indian EV sector has witnessed $3.7 billion worth of private equity and venture capital investments over the past few years with the numbers set to increase. The value chain revenue pool of the Indian EV Ecosystem is said to be in a range of $76-$100 billion. According to a report by Bain and Company, 35 to 40 per cent of all vehicles sold in India by 2030 would be EVs, an increase from two per cent penetration rate in 2022. To boost adoption of EVs, the Union government as well as a few state governments are setting up incentives including the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India (FAME-I and FAME-II) incentives which are becoming a major factor for the faster EV adoption. Other incentives include production-linked incentive (PLI) and Goods and Services Tax (GST) rate cuts and road tax waivers.
NEW SAFETY STANDARDS
Bu hikaye Entrepreneur magazine dergisinin January 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Entrepreneur magazine dergisinin January 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.
