AI reducing costs in energy sector by optimising grids

Generative AI is helping achieve efficiency in the energy sector, primarily by optimising grids, and reducing costs involved in that, reported ET Energy World. According to a report by consulting firm EY, 66% of surveyed energy firms have already invested in AI, or have active plans to. The report found that mature firms which invest 0.4-0.7% of their revenues in AI are generating returns of around 2% from the increased efficiency.  

EV sales increase in Europe by 37% in Jan 2025

Electric vehicle sales in Europe are going through an upswing, with a 37% rise last month as automakers aim to comply with tighter emissions regulations, reported Bloomberg. According to data from the European Automobile Manufacturers’ Association, countries which saw the upswing include Germany, Italy, and the UK. But there was an overall decline in sales by 2.1% as demand for plug-in hybrid, petrol and diesel vehicles. Parallely, automakers are urging the EU to lax emissions regulations, fearing this will lead to people buying less cars, reported Reuters. France is supporting this, advocating for more flexibility with emission targets, found another report by Bloomberg. 

Karnataka aims to bring ₹500 billion by 2030 to become Asia’s clean mobility hub

The Karnataka government has unveiled an ambitious, 5-year, clean mobility plan through which it aims to rake in ₹500 billion by 2030, according to a report by Mercom. The aim is to make the south Indian state the leading hub for clean mobility in Asia. Its propositions include removing registration and road taxes for EVs, and reimbursing 30% of R&D costs up to ₹10 million. 

China focuses on building robust energy storage manufacturing

China has issued a plan to promote the “energy storage manufacturing sector”, the state news agency Xinhua reports, adding that, according to the plan, China will aim for a “greater number of leading enterprises, marked improvements in industrial innovation capabilities, and overall competitiveness” in the sector by 2027.

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