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Business News Today: Latest Business News, Finance News

Markets’ dilemma: Trust the bark or wag of oil prices The sector call illusion Bandu’s Blockbusters For April 12, 2026 Mastering Derivatives: Does Lag Impact Effectiveness Of OI? Who Am I? April 12, 2026 Index Outlook: Rising From Dire Straits US Market Outlook: Gaining Strength Bullion Cues: Gold And Silver Futures Face Barrier F&O Tracker: Tentative Shift In Trend F&O Strategy: Buy L&T Put Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Iran's new supreme leader Mojtaba Khamenei has severe and disfiguring wounds, sources say No road tax, registration fees for electric vehicles priced up to ₹30 lakh till March 2030: Delhi’s draft EV policy Central Railway to run four special local trains for Ambedkar Jayanti West Asia tensions push up costs for India; further impact hinges on stability: Report ED initiates fresh raids against former Bengal minister Chatterjee in teacher recruitment scam Election Commission reverses Mittal’s DVAC posting, appoints him DGP, TN Armed Police Israel and Lebanon are expected to hold talks. Here’s what to know US, Iran set for peace talks but doubts emerge over Lebanon, sanctions Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Malls, high-streets in NCR clock 45% rise in leasing of retail spaces in Jan-Mar: C&W FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months Nifty and Bank Nifty Prediction for the week 13 Apr’26 to 17 Apr’26 by BL GURU Proposed Trump arch in Washington DC includes winged figure, eagles, lions and gold inscriptions 'Ladakh' replaces 'Jammu and Kashmir' in Aadhaar records for UT residents Misri ends US trip with focus on civil nuclear cooperation and LPG exports
Editorial. Taking charge
2026-05-20 · via Business News Today: Latest Business News, Finance News
EV charging: Technology must be customer-friendly

EV charging: Technology must be customer-friendly | Photo Credit: ANUSHREE FADNAVIS

In a recent development, Heavy Industries Minister HD Kumaraswamy cleared proposals for installing over 1,200 EV charging stations in Karnataka under the PM E-DRIVE, the tenure of which has recently been extended by two years. The PM E-DRIVE scheme, which initially ran for about a year and a half till March 2026, had aimed to set up 22,100 fast chargers for 4Ws, 1,800 for buses and 48,400 for e-2Ws and e-3Ws. The Centre recently said that there were 29,000 charging stations in the country — which suggests the need for expansion. The current crude oil crisis underscores the importance of this push. EV demand hinges on availability of charging facilities and batteries for short and long distance travel.

A couple of issues here need to be taken into consideration: compatibility between charging facilities, batteries and EVs; and the need to ensure that private charging facilities run by EV majors do not privilege their products over the rest. Most large OEMs have converged on the CCS-2 standard, the global norm for EV charging. Yet, digital fragmentation persists as some private operators mandate proprietary apps and pre-funded wallets to lock in loyalty — an inconvenience to consumers. Conversely, the two-wheeler industry is cleaved between two dominant, non-interoperable physical charging standards — the Type 6 and Type 7. Even if a vehicle happens to be physically compatible with a station’s hardware, lacking the corresponding app negates the impact. In this context, an app-based approach to discovering charging stations, booking slots and paying for charging your vehicles across the public sector OMC network is a useful step forward. However, standardising the physical layer — the interface where the charging gun couples with the vehicle — remains a critical need.

Last year, the Centre mandated Type C chargers for new mobile phones sold, to curb electronic waste. Motorists pulling in for liquid fuel can use any petrol pump. EVs should likewise be agnostic to the charging stations. The retail user has so far tolerated inconveniences by charging overnight at home. For EVs to take off, charging stations available within a three-km radius inside cities is the way to go. Notably, public sector oil marketing companies have about one lakh outlets. They have created 11,000 charging stations, but there is scope to improve on this tally. This is crucial for EV adoption.

Globally, a 5 per cent EV market share marks an inflection point for exponential EV adoption. In India, passenger EV sales have breached 5 per cent in recent months; two-wheelers are nudging 6.5 per cent. To ensure that EVs remain in vogue even in the event of crude prices softening, the infrastructure push should be sustained. To be sure, charging infrastructure for long distance travel has improved. With rapid DC fast-charging, a mere 15-minute top-up can elevate a battery from 30 per cent to 80 per cent. In addition, solar-powered charging stations will drive home the energy advantage.

Published on May 20, 2026