CURRENT AFFAIRS

Detailed explanation-1: -Hyundai Motor Group accelerating its electrification efforts with the global target to sell 3.23 million fully electric vehicles annually by 2030. To realise this goal, the Group plans to establish a global EV production network to ensure a stable supply of EVs around the globe.

Detailed explanation-2: -Best Battery Stocks in India #1 – Exide Industries Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India. The company along with Amara Raja contributes to around 70% market share in the battery segment in India.

Detailed explanation-3: -Volvo announced plans to be EV only by 2030.

Detailed explanation-4: -By 2030, about 40-45% of all two-wheelers (2W) and 15-20% of all four-wheelers (passenger vehicles) sold in India will be electric, it said. The adoption will be a result of 12-13 million new 2W and 1 million new 4W passenger electric vehicles being sold in India annually by 2030, the report released Thursday added.

Detailed explanation-5: -The Top EV Charging stocks are Tata Power, Indian Oil Corporation, BPCL, Reliance Industries, NTPC, and Powergrid Corporation. Among these, IOC and BPCL have already pledged to use their outlets to set up 17000 EV charging centers in near future.