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India’s aspirations to decarbonize public transportation and achieve net zero emissions will be driven by a $10 billion tender for 50,000 electric buses being organised by the state-controlled Convergence Energy Services Ltd.
Such tenders, according to CESL Managing Director Mahua Acharya, are starting to resemble infrastructure projects, and local manufacture of electric buses is anticipated to increase in line with demand.
“This country is moving very very rapidly on its electric vehicles ambition,” Acharya told Bloomberg Television in an interview. So, even while it offers a chance, finance still poses a challenge.”
India’s aspirations to decarbonize public transportation and achieve net zero emissions will be driven by a $10 billion tender for 50,000 electric buses being organised by the state-controlled Convergence Energy Services Ltd.
Such tenders, according to CESL Managing Director Mahua Acharya, are starting to resemble infrastructure projects, and local manufacture of electric buses is anticipated to increase in line with demand.
“This country is advancing very very swiftly on its electric vehicles aim,” Acharya told Bloomberg Television in an interview. So, even while it offers a chance, finance still poses a challenge.”
According to Acharya, India could electrify all two-wheelers currently on the road and finish electrifying all public buses in five to seven years. On behalf of five state governments, CESL recently granted a contract for 5,450 electric buses.
According to Acharya, CESL is still looking for investors for its distributed solar operations, which are now funded internally.
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