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<ul><li><keyword id="19895203" type="General" weightage="20" keywordseo="electric-vehicles" source="keywords">Electric vehicles</keyword> (EVs) are gaining popularity worldwide</li><li>However, concerns remain about their environmental impact</li><li> <keyword id="21881868" type="General" weightage="20" keywordseo="alternative-fuel" source="keywords">Alternative fuel</keyword> vehicles like hydrogen fuel cells and biofuels are some more alternatives we can tap into</li></ul> Electric vehicles or EVs are in their prime right now, with the demand crossing an all-time high. A trend noticeable around the world, EVs are not only becoming increasingly popular but also fairly affordable. Slowly but surely EVs are overcoming the challenges that crossed them — design, features, safety, and most importantly range. A major credit to this trend can be given to consumer acceptance, policy backing, and improving infrastructure. However, there is a downside to EVs as well. Having featured multiple EVs with our series<a href="https://www.youtube.com/watch?v=TCR3PaYxcmk&amp;t=1s" data-type="tilCustomLink" target="_blank"> Short Spin, </a>I developed a strong reference point. This made me wonder why are we so heavily reliant on them. Over its life cycle, EVs cannot be termed as particularly environmentally friendly, which has been their main selling point over the past few decades. <h2>The ‘Red’ side of EVs</h2> There is a bit of red within the go-green agenda that EV manufacturers push. EVs as a whole do come with benefits like low maintenance, improved efficiency and ultimately lower fuel emissions. However, <keyword id="21357488" type="General" weightage="100" keywordseo="EV-production" source="keywords">EV production</keyword> and disposal can have detrimental effects on the natural environment. Here are some socio-ecological concerns over EVs: 1. High carbon footprint in battery production: EV battery production is energy-intensive and often relies on electricity from fossil fuels, leading to a high initial carbon footprint. This is elaborated in a story recently published by Earth Org. 2. Resource constraints and ethical concerns: Particularly with the extensive mining of cobalt and other minerals for EVs, there has been a global outcry. Limited availability of critical minerals like lithium, cobalt, and nickel, shady mining practices long work hours, unsafe work environments, and use of child labour in underdeveloped parts of the world have raised several ethical issues around the sustainability of EVs. This issue can be explored further in this essay by Al Jazeera. 3. Recycling and end-of-life challenges: EV battery recycling is currently inefficient, costly, and poses significant environmental risks, with a huge amount of batteries ending up in landfills. 4. Manufacturing costs and economic barriers: High production costs, especially for batteries, make EVs more expensive than conventional vehicles and require significant investments in new manufacturing facilities and supply chains. 5. Supply chain and geopolitical risks: Critical mineral resources necessary for EV production are concentrated in a few countries. This leads to vulnerabilities in the complex supply chain and often risks disruptions due to geopolitical tensions, trade conflicts, or natural disasters. China as of today controls 83% of EV battery production in the world, with a major stronghold on the supply chain. While I am in no way suggesting to drop out of EVs, I believe sticking to just one alternative risks replicating the same mistake we did for ICE vehicles. So, what are the alternatives? <h2>The alternates fuel vehicles (<keyword id="23193800" type="General" weightage="20" keywordseo="AFVs" source="keywords">AFVs</keyword>)</h2> AFVs are a growing segment of the automotive industry that utilize fuels other than traditional gasoline or diesel. These vehicles offer similar potential benefits such as reduced greenhouse gas emissions, improved air quality, and reduced dependence on fossil fuels. While EVs are also a form of AFVs, here we will list out other major alternatives like hydrogen fuel and biofuel options. Hydrogen fuel cells: Convert hydrogen gas into electricity, emitting only water vapour. Currently, <keyword id="19906788" type="General" weightage="20" keywordseo="Toyota" source="keywords" meta.keywordsubtype="org" meta.entityname="Toyota" meta.hostid="261" meta.entityid="Toyota">Toyota</keyword> and Hyundai are the only hydrogen-based cars in the Indian market. Hydrogen internal combustion engines: These vehicles use hydrogen as a fuel in modified combustion engines. While road-legal vehicles for this fuel type aren’t out, BMW with hydrogen 7 is working on a prototype. Ethanol: This is a renewable fuel made from plant materials, commonly mixed with gasoline. In America, Ford F-150 Flex-Fuel and Chevrolet Silverado Flex-Fuel are utilizing this technology. Biodiesel and renewable diesel: Derived from vegetable oils, animal fats, or recycled grease, these fuel types can be used in diesel engines. Compressed Natural Gas (CNG): Perhaps the most famous alternative for cabbies in Delhi, CNG is in popular demand. Technically it is used in specially modified internal combustion engines, primarily for lower emissions. Propane (Liquefied Petroleum Gas, LPG): A byproduct of natural gas processing and crude oil refining, used in internal combustion engines. As technology continues to advance, these AFVs are becoming more accessible and affordable, making them a promising option for sustainable transportation. If you are an eco-conscious buyer in today’s auto market, bear in mind that there are options beyond EVs as well. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/mercedes-expands-bev-range-rolls-out-second-locally-produced-model-in-india/articleshow/113388002.cms" data-type="tilCustomLink" target="_blank">Mercedes expands BEV range; rolls out second locally produced model in India</a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-adoption-in-india-rising-13-share-expected-by-2026-27-jefferies/articleshow/113361787.cms" data-type="tilCustomLink" target="_blank">Electric two-wheeler adoption in India rising, 13% share expected by 2026-27: Jefferies</a>

EVs are not the only options for alternative fuel — make way for hydrogen and bio-fuel

<ul class="summary-list"><li><keyword id="11900744" type="UNKNOWN" weightage="60" keywordseo="tesla" source="Orion">Tesla</keyword> reported earnings for the first quarter of 2022 on Wednesday. </li><li>The automaker beat Wall Street estimates for both revenue and earnings. </li></ul>Tesla reported blockbuster earnings for the first quarter of 2022 on Wednesday, far exceeding Wall Street's expectations. Here are the important numbers:<ul><li>Revenue: $18.76 billion, compared to an expected $17.92 billion, according to analysts surveyed by Bloomberg. </li><li>Earnings: $3.22 (adjusted) per share, compared to an expected $2.27 per share</li></ul>Tesla's revenue is up 81% year-over-year, while earnings per share increased more than doubled. Shares of the company rose as much as 4% in late trading after the announcement. Analysts had high expectations for the quarter, which Tesla closed with a yet another <a href="https://www.businessinsider.com/tesla-delivered-record-breaking-vehicles-in-first-quarter-2022-4#:~:text=Tesla%20delivered%20a%20record%2Dbreaking%20310%2C048%20vehicles%20in%20Q1%20%E2%80%94%20more,factory%20to%20temporarily%20shut%20down.">record number of vehicles</a> delivered to customers. Like automakers across the globe, Tesla has weathered severe parts shortages, inflation, supply-chain disruptions, and factory shutdowns throughout the pandemic. But the company has largely managed to rise above the chaos and continue accelerating vehicle production to meet strong demand.Tesla said it expects the difficulties to drag on at least through the end of this year. "Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through the rest of 2022," the company said in its earnings report. Despite rising materials costs, Tesla's automotive margins rose to 32.9%, a new high. Tesla said it has <a href="https://www.businessinsider.com/tesla-model-3-price-increase-2022-3">increased prices</a> to account for inflationary pressures, while looking for cost savings in its manufacturing process.Sales of regulatory credits to other automakers, historically a key driver of Tesla's profits, rose to a record $679 million. Tesla sells the credits to automakers who can't make enough low- or zero-emission vehicles to satisfy environmental regulations. For Tesla, sales of the credits are pure profit. CEO Elon Musk said last year that he wouldn't appear on any more earnings calls, but that didn't last long. Musk confirmed on Twitter that he <a href="https://twitter.com/elonmusk/status/1516790570160644096">will be</a> on Wednesday afternoon's call, which should keep things interesting.Investors will be on the lookout for Musk and other executives to give updates on how a <a href="https://www.businessinsider.com/tesla-shanghai-workers-eat-sleep-factory-floor-avoid-shutdowns-report-2022-4">COVID-19 lockdown in Shanghai</a> is impacting Tesla's factory there. Tesla may also discuss the progress of its next-generation, in-house battery cells and how production is going at new factories in Berlin and Austin, Texas.

Tesla notches another record quarter, but warns supply chain chaos will last until next year

French carmaker <keyword id="20312151" type="General" weightage="20" keywordseo="citroen" source="keywords">Citroen</keyword> on Monday said it will supply 4,000 units of its electric vehicle <keyword id="16079223" type="General" weightage="100" keywordseo="e-C3" source="Orion">e-C3</keyword> to <keyword id="20125728" type="General" weightage="20" keywordseo="blusmart-mobility" source="keywords">BluSmart Mobility</keyword>, over a period of 12 months. Citroen and <keyword id="20354062" type="General" weightage="20" keywordseo="blusmart" source="keywords">BluSmart</keyword> Mobility, a vertically integrated eMobility ride-hailing and EV charging service provider, have signed a memorandum of understanding for the same. As part of the initial phase, 125 Citroen e-C3 were flagged off from BluSmart's EV charging superhub in Bengaluru, the company said in a statement. "This collaborative effort between Citroen and BluSmart Mobility signifies a shared vision for a sustainable future in the realm of electric mobility, reaffirming our commitment to shaping a cleaner and greener transportation ecosystem," <keyword id="20964798" type="General" weightage="20" keywordseo="citroen-india-brand" source="keywords">Citroen India Brand</keyword> Director, <keyword id="20565839" type="General" weightage="20" keywordseo="shishir-mishra" source="keywords">Shishir Mishra</keyword> said. He further said, "BluSmart's foray in the shared electric mobility space is a well applauded initiative that offers convenient and safe urban mobility without any tailpipe emission strengthening our collective mission to decarbonise cities by making EVs mainstream." The e-C3 features such as an operational range of 320 kms as per Automotive Research Association of India (ARAI), fast charging capabilities, and intuitive technology, make it an attractive proposition for passengers and fleet operators, Mishra added. BluSmart Co-founder &amp; CEO Anmol Jaggi said, "As more Original Equipment Manufacturers (OEMs) embrace eMobility, and our fleet size expands, we are poised to address the burgeoning demand for ride-hailing services in Indian megacities while offering riders a diverse range of advanced EVs." SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/webstories/poco-x6-neo-5g-vs-redmi-note-13-5g-which-phone-should-you-buy-under-20000/slidelist/108586427.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/poco-x6-neo-5g-vs-redmi-note-13-5g-which-phone-should-you-buy-under-20000/slidelist/108586427.cms" target="_blank">Poco X6 Neo 5G vs Redmi Note 13 5G – Which phone should you buy under ₹20,000?</a><a href="https://www.businessinsider.in/business/auto/news/new-ev-policy-elon-musks-tesla-may-soon-enter-india-as-import-taxes-slashed-for-electric-vehicles/articleshow/108527306.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/new-ev-policy-elon-musks-tesla-may-soon-enter-india-as-import-taxes-slashed-for-electric-vehicles/articleshow/108527306.cms" target="_blank">New EV Policy: Elon Musk’s Tesla may soon enter India as import taxes slashed for electric vehicles</a><a href="https://www.businessinsider.in/tech/mobile/news/best-smartphones-under-30000-in-india/slidelist/108472033.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/best-smartphones-under-30000-in-india/slidelist/108472033.cms" target="_blank">Best smartphones under ₹30,000 in India</a>

Citroen to supply 4,000 units of EV e-C3 to BluSmart Mobility in 12 months

New Delhi, M&amp;A deal value in <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> fell 27 per cent in 2023 to USD 136 billion but the deals market is expected to remain steady in the current year, Deloitte India said in a report on Monday. "Amidst significant global challenges posed by high-interest rates, macroeconomic uncertainty, regulatory scrutiny, and geopolitical risks, India's M&amp;A landscape stood resilient in 2023," 'India M&amp;A Trends 2024' report said. "Despite global economic and geopolitical challenges, India's deals market is expected to remain steady, reflecting strong confidence from businesses and investors amidst a global economic slowdown," it added. In 2024, M&amp;A (Merger and Acquisition) momentum is expected to remain steady with the manufacturing sector, driven by automotive, with deal growth expected in auto-components and <keyword id="19895203" type="General" weightage="20" keywordseo="electric-vehicles" source="keywords">Electric Vehicles</keyword> (EVs). Also, the government's proactive initiatives to promote clean energy are expected to catalyse a significant rise in M&amp;A within the energy sector. M&amp;A in the financial services sector is anticipated to be driven by large-scale consolidations and responses to regulatory shifts. Private Equity (PE) is projected to remain consistent in 2024, while deal momentum is expected to revive post-2024, supported by flattening interest rates and recovering economic growth. <keyword id="20733110" type="General" weightage="20" keywordseo="sumeet-salwan" source="keywords">Sumeet Salwan</keyword>, <keyword id="19964686" type="General" weightage="20" keywordseo="partner" source="keywords">Partner</keyword>, Consulting, Deloitte India, said, "The global challenges posed by high interest rates, macroeconomic uncertainty, and geopolitical risks, that characterised 2023 are expected to continue into 2024 as well. While the global M&amp;A market remains soft, Indian companies continue to be steered by a strong domestic economy. They may increasingly see M&amp;A as a crucial strategy to help them expand, integrate supply chains, and reinforce market positions." According to the report, M&amp;A deal value in India reduced to USD 136 billion in 2023 from USD 186 billion in 2022. Financial services, technology, media, and telecom (<keyword id="20147197" type="General" weightage="20" keywordseo="tmt" source="keywords">TMT</keyword>) continue to be the top sectors driving M&amp;A. Financial services sector witnessed a 45 per cent decline in deal value and a 23 per cent increase in deal volume from 2022. TMT sector encountered a 33 per cent YoY (Year on Year) reduction in deal value, while deal volume fell 34 per cent. Overall cross-border deal value declined 11 per cent in 2023. However, inbound deals saw significant growth, with their share increasing to 41 per cent from 27 per cent in 2022, it said, adding that outbound M&amp;A deal value experienced a notable 49 per cent decline compared to 2022. The energy sector saw a sharp 63 per cent increase in deal value in 2023 as compared to 2022, driven by renewable energy and rising interest in clean energy from foreign investors. The construction and transport sector witnessed a 44 per cent decline in deal value compared to 2022. The sector also had the highest share in outbound deal value, contributing 29 per cent to the same. The medical and pharma sector witnessed a 17 per cent fall in deal value from 2022, driven largely by strategic buyers seeking to expand scale. The industrial and manufacturing sector witnessed a significant 33 per cent and 22 per cent rise in deal value and volume, respectively, in 2023 compared to 2022. "The rise in the manufacturing sector was driven by the automotive segment," the report said.

M&A deal value in India drops 27% in 2023 says Deloitte report

<ul class="summary-list"><li>Failing US power grids could be the next vulnerability in the supply chain for <keyword id="11896879" type="UNKNOWN" weightage="60" keywordseo="oil" source="Orion">oil</keyword>, energy trader Brynne Kelly says.</li><li>Most of western and central US is at high risk of <keyword id="11917808" type="UNKNOWN" weightage="60" keywordseo="electricity" source="Orion">electricity</keyword> shortfalls or disruption this summer, research has found. </li></ul><ul class="summary-list"></ul>Electricity grid problems in the US are a potential "<keyword id="12980098" type="UNKNOWN" weightage="60" keywordseo="black-swan" source="Orion">black swan</keyword>" that could wreak havoc in energy <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword>, according to Cornerstone Futures research director Brynne Kelly. In an <a href="https://www.cornerstoneglobalcommodities.com/post/energy-markets-is-electricity-the-next-black-swan">analyst note</a>, the energy trader argues that failing power grids and electricity shortages could be the next vulnerability in the supply chain for oil and its products, such as gasoline.Those under-the-surface risks are being overlooked, and that makes them a possible "black swan" — an unpredicted event with a severe impact. While crude oil isn't much used to generate electricity, power itself is needed to make oil, Kelly noted."Said another way, a failing power grid COULD BE the next oil chain supply problem," she said."Problems with power grids across the US and other countries are a potential catalyst for chaos in energy markets that are underappreciated."The reliability of the US electricity grid is being taken for granted, Kelly said. But it's under pressure as the industry goes through a mandated shift from fossil fuels to <keyword id="11963839" type="UNKNOWN" weightage="60" keywordseo="clean-energy" source="Orion">clean energy</keyword> sources, and with the peak summer demand ahead.She pointed to the impact of a rare 2021 winter storm in Uri, Texas, to show how disruption in electricity supply can spread to other sectors. Failures in the state's ERCOT power grid proved catastrophic for operations there, as the domino effect hit energy producers, as transportation, water and telecoms.Texas is one of the largest oil-producing states in the US, accounting for 42.7% of crude oil production, <a href="https://www.eia.gov/energyexplained/oil-and-petroleum-products/where-our-oil-comes-from.php">according to the US Energy Information Administration.</a>"A power grid failure on any scale larger than a local one like we saw in Texas, would be, and could be potentially catastrophic," Kelly said. "If the fallout from Uri in Texas ... were any indication, natural gas and oil pricing could be affected by power failures due to heat, storms or some other unplanned event," she added."We are not predicting or sounding alarms, but the risk is poorly quantified. It won't matter until it matters, unfortunately."Concerns are mounting about US power grids ability to cope with peak summer demand, as the clean energy shift moves forward without necessarily having the technology in place to keep them resilient.In a <a href="https://www.nerc.com/pa/RAPA/ra/Reliability%20Assessments%20DL/NERC_SRA_2022.pdf">recent assessment</a> of the US electricity grid's reliability, the North American Electric Reliability Corp. warned about capacity shortfalls and high risk of energy emergencies due to heatwaves, droughts and wildfires, among other factors. "Russian attackers may be planning or attempting malicious cyber activity to gain access and disrupt the electric grid in North America in retaliation for support to Ukraine," the report's authors said.Electrical grids in the west and most of central US, including Texas, have an high risk of insufficient operating reserves, the NERC found.But in a recent note, <a href="https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/052422-forecast-for-busy-hurricane-season-could-mean-hits-to-us-power-gas-markets">S&amp;P Global</a> noted an above-normal Atlantic hurricane season is predicted for the US this year, which could dampen power demand in Texas. When storms hit in 2021, daily power burn in the region dropped 25%, it noted.The most important thing, according to Kelly, is that the markets for oil, gasoline and natural gas are already squeezed on the supply side, given the Ukraine war and sanctions. A break in the reliability of electricity is a potential risk that should be acknowledged."So far there have not been problems at the last stop on the chain, power generation and transmission. Regardless, the supply chain is vulnerable," Kelly said.

A potential 'black swan' for US oil prices is being overlooked: unreliable electricity grids

<ul><li>India needs a lot of <keyword id="19553397" type="General" weightage="20" keywordseo="governance-specialists" source="Orion">governance specialists</keyword>, renewable energy, <keyword id="19553398" type="General" weightage="20" keywordseo="ev-tech-experts" source="Orion">EV tech experts</keyword> and more.</li><li>Most of these jobs require strong foundational STEM skills; engineers are most in demand.</li><li>Certifications and industry upskilling programmes are helping fill the gap in talent shortage. </li></ul>India’s <keyword id="472014" type="General" weightage="20" keywordseo="green-jobs" source="Orion">green jobs</keyword> market has exploded, thanks to its net zero commitments, thrust for electric vehicles (EVs) and accelerated push for renewable energy. By the end of 2023, there are expected to be as many as 18.5 million of such jobs across industries and this will almost double by 2047, says Teamlease. Here is the catch – while universities and colleges are catching up, it’s not as fast as the demand growth. The growth in green job postings is around 15% in the last one year, says LinkedIn. Naukri pegs it as high as 27% with the EV sector being the star. “According to the Global Green Skills Report 2023 by LinkedIn, India has seen a 140% jump in auto industry workers with Electric Vehicle(EV) skills from 2018-23. This is the highest growth rate globally,” said Hari Krishnan Nair, Co-founder, Great Learning. Jobs, jobs, jobs, jobs Green jobs are expected to almost double by 2047, i.e. touch 35 million. Apart from electrification of vehicles, greening the entire supply chain through green procurement, electrification of fleets, reduction of waste, packaging and optimization of inventory — is also expected to produce more jobs. “The jobs are at all levels — from entry, mid and senior level. While entry level jobs are on creating and implementing <keyword id="95422" type="General" weightage="20" keywordseo="Green-Technology" source="Orion">green technology</keyword> and supporting consulting practices and R&amp;D. The mid and senior levels are mostly around R&amp;D, supervisory and project ownership roles and more strategic in nature,” said Sumit Kumar, chief business officer, TeamLease Degree Apprenticeship. Green job roles are being created around sustainability, environmental, social and governance (ESG). “Governance specialists, renewable energy experts, being hired across sectors where there is an immense focus on sustainability and ESG,” said Parag Ghatpande, director - assessment solutions at Aon India. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Job role </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Starting salary </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mid-level salary </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Renewable Energy Engineer / Sustainability Analyst </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4-6 lakhs per annum </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹8-12 lakhs per annum </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Environmental Consultant / Green Building Consultant </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3-5 lakhs per annum </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹6-10 lakhs per annum </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sustainable Agriculture / Sustainable Transportation </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2-4 lakhs per annum </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5-7 lakhs per annum </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Water Management / Recycling </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3-5 lakhs per annum </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹6-9 lakhs per annum </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Green Technology / EV Technology </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5-9 lakhs per annum </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10-15 lakhs per annum </td></tr></tbody></table>Source: TeamLease EdTech Show me the skills As expected, the scaling up of skills while it has started, is yet to match up to the speed in job postings. Krishnan says that the rapid industrial expansion outpaces curriculum updates in colleges, resulting in a shortage of skilled talent. Most of the expertise that’s needed to drive India’s green transformation requires strong foundational STEM (Science, technology, engineering, and mathematics) skills. “Currently, the key qualifications needed for such (green) roles would be an engineering degree with 5-10 years’ experience within the sustainability sector and experience of sustainability certification schemes,” says Ghatpande. In fact, most of the jobs require engineering degrees — both standalone or specialised to environment science. “The common degrees are Environmental Science or Engineering for roles in environmental conservation and management. Renewable Energy Engineering or Sustainable Energy Studies for careers in the renewable energy sector. Agricultural Science or Sustainable Agriculture for those interested in sustainable farming practices,” says Jaideep P Kewalramani, head of employability business and COO, TeamLease EdTech. Green certifications in vogue On top of the basic degrees, there are certifications as well. Green Building Certifications such as LEED (Leadership in Energy and Environmental Design) for sustainable construction and architecture. Certifications in Environmental Management like ISO 14001, for professionals focusing on sustainability within organisations. For now, organisations which quickly need a lot of employees with green skills are developing talent by upskilling and reskilling the existing workforce on green technologies. “Also there is an active collaboration with academia in curating programs to create talent pipelines,” says Kumar. Added to that several online learning platforms offer tailored certificate courses and modules to help professionals kickstart their careers in the EV industry. “These courses often feature industry-relevant curricula, real-world projects, live mentorship by experts, and expert-led masterclasses,” says Krishnan. India is steadfast in its commitment to go green. As such jobs explode, it’s up to the professionals and young aspirants to build their green skills to move towards a sustainable career ahead. SEE ALSO <a href="https://www.businessinsider.in/personal-finance/news/the-dark-truth-behind-rbis-crackdown-on-easy-personal-loans/articleshow/105287366.cms">The dark truth behind RBI’s crackdown on easy personal loans</a> <a href="https://www.businessinsider.in/business/news/bitten-by-inflation-indians-buying-fewer-clothes-this-season/articleshow/105179140.cms">Bitten by inflation, Indians buying fewer clothes this season</a>

India’s green jobs are growing but are colleges ready to supply the talent?

<ul class="summary-list"><li><keyword id="11897862" type="UNKNOWN" weightage="60" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> said supply-chain snags from COVID-19 have caused "super crazy" shortages for <keyword id="11900744" type="UNKNOWN" weightage="60" keywordseo="tesla" source="Orion">Tesla</keyword>.</li><li>The CEO said the <keyword id="11894924" type="UNKNOWN" weightage="100" keywordseo="transportation" source="Orion">transportation</keyword> issues impacted the release date of Tesla's new Roadster.</li><li>On Saturday, backlogs at one of the largest ports in the US hit an all-time high.</li></ul>Elon Musk said that supply-chain snags have hindered Tesla's plans in 2021."2021 has been the year of super crazy supply chain shortages, so it wouldn't matter if we had 17 new products, as none would ship," Musk tweeted on Wednesday.Musk issued the tweet in response to a question on Twitter regarding when the new Roadster would be released."Assuming 2022 is not mega drama, new Roadster should ship in 2023," Musk said.The <a href="https://www.businessinsider.com/tesla-future-models-cybertruck-roadster-semi-release-date-price-2021-3">all-new vehicle will resurrect the name of Tesla's first-ever car</a> and was originally unveiled as a concept car in 2017. Its release date has been pushed back several times over the years from 2021 into 2023. The super car is expected to have a starting price of about $200,000.A Tesla spokesperson did not respond to a request for comment from Insider. Earlier this year, Musk said pandemic supply-chain issues and the global microchip shortage had resulted in <a href="https://www.businessinsider.com/elon-musk-tesla-supply-chain-issues-chip-shortage-insane-difficulties-2021-4">"insane difficulties" for Tesla.</a>"We've had some of the most difficult supply-chain challenges that we've ever experienced in the life of Tesla," he said during an earnings call in April.<a href="https://www.businessinsider.com/cargo-ships-waiting-to-dock-california-contributes-supply-chain-crisis-2021-4">Port delays have made it difficult</a> for Tesla and numerous other major companies to gather and ship supplies. On Saturday, delays at two of the country's largest ports in southern California <a href="https://www.businessinsider.com/shipping-delays-china-supply-chain-record-ships-stuck-california-ports-2021-8">hit an all-time record</a> as 44 ships waited to dock.In February, <a href="https://www.caranddriver.com/news/a35636848/tesla-stops-model-3-line-parts-shortage/">Tesla briefly halted production on its Model 3</a> at its car assembly plant in California, citing supply-chain issues caused by backlogs at ports and severe snowstorms slowing down ground deliveries.The global semiconductor shortage has also wreaked havoc on tech and automotive companies. Many automakers have since been forced to shut down manufacturing plants and prioritize the most profitable car models they produce as a result of the shortage. Computer chips account for about 40% of a new car's cost, according to a <a href="https://www2.deloitte.com/content/dam/Deloitte/cn/Documents/technology-media-telecommunications/deloitte-cn-tmt-semiconductors-the-next-wave-en-190422.pdf">report </a>from Deloitte, and are used in navigation, <a href="https://www.businessinsider.com/what-is-bluetooth">bluetooth</a>, and collision-detection systems.

Elon Musk says 2021 has been a year of 'super crazy supply-chain shortages' for Tesla

<ul class="summary-list"><li>Musk said <keyword id="11900744" type="UNKNOWN" weightage="60" keywordseo="tesla" source="Orion">Tesla</keyword> was losing billions of dollars at its new factories because of supply-chain snags.</li><li>The CEO has complained about supply-chain <keyword id="11894141" type="UNKNOWN" weightage="60" keywordseo="shortages" source="Orion">shortages</keyword> in the past.</li></ul><keyword id="11897862" type="UNKNOWN" weightage="60" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> said during a recent interview that electric-car-battery shortages and supply-chain snags were costing Tesla billions of dollars."Both Berlin and Austin factories are gigantic money furnaces right now," Musk said in an interview with Tesla Owners Silicon Valley, which was <a href="https://www.youtube.com/watch?v=u5w_VkAx6tc">posted on YouTube</a> Wednesday. "It's really like a giant roaring sound, which is the sound of money on fire."The richest man said during the interview that one of his biggest concerns was how to keep Tesla factories running without going bankrupt. Tesla recently opened factories in <a href="https://www.businessinsider.com/tesla-elon-musk-gigafactory-texas-cyber-rodeo-2022-4">Texas</a> and <a href="https://www.businessinsider.com/tesla-germany-berlin-gigafactory-ships-cars-265-day-delay-2022-3">Berlin</a>. The company's <a href="https://www.businessinsider.com/tesla-fremont-california-factory-most-productive-in-country-gm-ford-2022-1">largest manufacturing facility</a> is in Fremont, California.Last week, Musk <a href="https://www.businessinsider.com/elon-musk-10-percent-cut-tesla-jobs-bad-feeling-economy-2022-6">said</a> he's planning to cut salaried staff at Tesla by 10%. <a href="https://www.businessinsider.com/tesla-elon-musk-layoffs-10-percent-staff-have-begun-2022-6">Insider's Isobel Asher Hamilton reported</a> that several employees had been laid off as a result of the edict. The decision came after Musk <a href="https://www.businessinsider.com/elon-musk-says-us-in-recession-will-get-worse-2022-5">said</a> the US was probably in a recession that could last 18 months.In the interview with Tesla Owners Silicon Valley, which was released as the third part of a series of YouTube videos from a May 31 interview, the Tesla CEO said the company's Texas plant had been able to manufacture only a "tiny" number of vehicles. He cited challenges with production of the <a href="https://www.reuters.com/business/autos-transportation/musks-plan-tesla-built-batteries-has-an-acceleration-challenge-2022-03-11/">4680 battery</a>, as well as port delays in China that have affected shipments of key goods.Earlier this year, Shanghai went into a full <a href="https://www.businessinsider.com/shanghai-lockdown-restrictions-starbucks-apple-economy-supply-chain-2022-5">COVID-19 shutdown</a> because of China's zero-tolerance policy for coronavirus infections.Musk has complained about supply-chain snags in the past. Last year, the billionaire <a href="https://www.businessinsider.com/elon-musk-tesla-crazy-supply-chain-shortages-roadster-release-date-2021-9">said</a> Tesla faced "super crazy supply-chain shortages." Earlier this week, the CEO <a href="https://www.bloomberg.com/news/articles/2022-06-21/musk-says-supply-constraints-biggest-brake-on-tesla-s-growth?srnd=premium&amp;sref=LspfQlRv">told Bloomberg</a> that supply-chain issues had become Tesla's biggest hurdle."Our constraints are much more in raw materials and being able to scale up production," Musk said in an interview with Bloomberg at the Qatar Economic Forum. "As anyone knows who has tried to order a Tesla, the demand for our <keyword id="20632" type="UNKNOWN" weightage="60" keywordseo="cars" source="Orion">cars</keyword> is extremely high and the wait list is long. This is not intentional, and we're increasing production capacity as fast as humanly possible."Tesla is one of many carmakers to express concern over supply-chain snags. In April, Rivian CEO RJ Scaringe <a href="https://www.businessinsider.com/rivian-ceo-warns-electric-car-battery-shortage-chip-shortage-2022-4">said</a> a shortage of electric-car batteries could soon wreak even more havoc on the automobile industry than the <a href="https://www.businessinsider.com/chip-shortage-impacting-cars-smartphones-pcs-gaming-consoles-2021-2">computer-chip shortage</a>. Last year, Ford CEO Jim Farley <a href="https://www.autonews.com/executives/ford-ceo-farley-calls-chip-shortage-greatest-supply-shock">said</a> the chip shortage had caused the "greatest supply shock" he'd ever seen.

Elon Musk says Tesla's new factories are 'gigantic money furnaces' that are losing billions of dollars from EV-battery shortages and supply-chain snags

<ul class="summary-list"><li><keyword id="11900744" type="UNKNOWN" weightage="60" keywordseo="tesla" source="Orion">Tesla</keyword> owners are buying and selling their <keyword id="20632" type="UNKNOWN" weightage="60" keywordseo="cars" source="Orion">cars</keyword> for profit, The Los Angeles Times reported.</li><li>Some owners claimed they made profits of up to $7,000, according to the newspaper.</li></ul>People are buying and reselling their electric cars for profits worth thousands of dollars as demand for <keyword id="11947664" type="UNKNOWN" weightage="60" keywordseo="evs" source="Orion">EVs</keyword> surges amid ongoing production problems. Tesla owners are "<keyword id="11922151" type="UNKNOWN" weightage="60" keywordseo="flipping" source="Orion">flipping</keyword>" their cars for thousands more than they paid to buyers who would otherwise have to wait months to get a new vehicle from the manufacturer, <a href="https://www.latimes.com/business/story/2022-06-30/ev-demand-hot-tesla-owners-car-flipping">The Los Angeles Times reported.</a>One Tesla flipper claimed he made profits of $4,000 and $7,000 on two separate sales, the newspaper reported.Dennis Wang told The LA Times that he plans to sell his Tesla Model S in the next three months and has already ordered two more cars. Another Tesla owner claimed a profit of<a href="https://www.youtube.com/watch?v=iqR5J-K_9Ns"> $5,000 after selling a car just nine months after taking delivery, per the report.</a>Insider could not independently verify the sellers' profit claims.Interest in electric vehicles <a href="https://www.businessinsider.com/electric-car-tesla-wait-time-booming-demand-low-supply-2022-5?r=US&amp;IR=T">has surged amid soaring gas prices,</a> leaving many manufacturers struggling to keep up with demand and forcing customers on to long waiting lists. The industry has also been struggling to obtain enough computer chips due to <keyword id="11894138" type="UNKNOWN" weightage="60" keywordseo="supply-chain" source="Orion">supply chain</keyword> issues, <a href="https://www.businessinsider.com/cost-of-making-electric-cars-is-growing-manufacturers-hike-prices-2022-6?r=US&amp;IR=T">pushing up the cost of all cars.</a>EV manufacturers including Tesla have <a href="https://www.businessinsider.com/tesla-prices-electric-vehicles-elon-musk-supply-chain-model-x-2022-6?r=US&amp;IR=T">increased prices</a>, but flippers are still making profits."In terms of Teslas, the price of new vehicles increased so much last year, and waiting periods are so long for new vehicles, that the value of used cars skyrocketed," Recurrent, a company tracking EV sales, told The LA Times.Insider found a number of Tesla Model Ys listed for almost $80,000 on Edmunds.com. The car starts at just $57,440 on the Tesla website. A 2022 Tesla Model X was also listed on Facebook marketplace for $149,000, with the seller quipping: "Why wait 6 months when you can get this one now." Meanwhile, the UK's biggest car maker, Jaguar Land Rover, is trying to stop dealers sending cars to China and other markets where they can fetch significantly higher prices than in Britain, <a href="https://www.telegraph.co.uk/business/2022/06/26/jaguar-land-rovers-battle-stop-dealers-selling-china/">The Telegraph newspaper reported</a>.A Land Rover Evoque starts at £32,620 ($39,367) in the UK but costs at least £47,463 ($57,273) in China and £55,065 ($66,449) in South Africa, according to company prices cited in the report.

Opportunists are flipping Teslas for profits of up to $7,000 as EV production struggles to meet demand, report says

<ul class="summary-list"><li>The prices of some <keyword id="107096" type="COMPANY" weightage="60" keywordseo="Tesla">Tesla</keyword> models are going up because of the <keyword id="118965" type="PERSON" weightage="60" keywordseo="Supply-chain">supply chain</keyword> issues, CEO Elon Musk said.</li><li>Tesla earlier this month boosted prices on its Model 3 and Model Y.</li><li>The global auto industry has been hit hard by supply chain issues, notably a shortage of computer chips.</li></ul>Prices on some Tesla models are increasing due to global supply chain disruptions in the auto industry, particularly with raw materials, Elon Musk said on Twitter Monday.Musk's explanation came in response to a Twitter user who said he didn't like the "direction" the company was going in by "raising prices of vehicles but removing features like lumbar for the Model Y."The Tesla and SpaceX CEO responded: "Prices increasing due to major supply chain price pressure industry-wide. Raw materials especially."Tesla earlier this month boosted prices on its Model 3 and Model Y, <a href="https://electrek.co/2021/05/21/tesla-tsla-increases-model-3-y-prices/">Electrek reported.</a> It was the fifth price increase on the models in a matter of months.The global auto industry has been hit hard by supply chain issues, notably a shortage of computer chips, due to the <keyword id="8763838" type="UNKNOWN" weightage="60" keywordseo="covid-19">COVID-19</keyword> pandemic.The <keyword id="6451058" type="UNKNOWN" weightage="60" keywordseo="Semiconductor">semiconductor</keyword> shortage is <a href="https://www.businessinsider.com/chip-shortage-expected-cost-auto-industry-car-makers-110-billion-2021-5">expected to cost the global automotive industry</a> $110 billion in 2021. Carmakers including Ford and GM have cut their earnings expectations by billions of dollars.Tesla has not been immune to the impacts of the shortage. Last month, during the <keyword id="46640" type="ORGANIZATION" weightage="60" keywordseo="electric-car">electric car</keyword> company's earnings call, <a href="https://www.businessinsider.com/elon-musk-tesla-supply-chain-issues-chip-shortage-insane-difficulties-2021-4">Musk said supply chain issues were causing "insane difficulties"</a> and the chip shortage had impacted Tesla's manufacturing goals. Musk recently <a href="https://twitter.com/elonmusk/status/1398504702988390400?s=20">tweeted</a> that the delivery date for Tesla's Model S Plaid, the carmaker's quickest vehicle, was <a href="https://www.businessinsider.com/elon-musk-tesla-model-s-plaid-delivery-pushed-june-10-2021-5">pushed back by one week to June 10</a>.Tesla is now in talks to pay supplies upfront for computer chips, the <a href="https://www.ft.com/content/49459668-7eab-4589-8338-059e06b9fd8a">Financial Times reported.</a> Musk has also shown interest in vertical integration. Last year, <a href="https://www.businessinsider.com/tesla-to-expand-battery-manufacturing-make-own-automotive-batteries-2020-6">the company announced plans to make its own battery cells</a> and even <a href="https://www.businessinsider.com/tesla-abandons-acquisition-deal-talks-nevada-mining-company-cypress-report-2020-9">bought land in Nevada to mine for its own battery-grade lithium.</a>

Elon Musk says Tesla prices are increasing because of supply chain disruptions across the auto industry

<ul class="summary-list"><li>Every aspect of the industry is being rocked by new technology.</li><li>Battery supplies are running low, creating challenges for mass manufacturing.</li><li>Big retailers and automakers are starting with electric fleets.</li></ul>The big idea of shifting from fossil fuels to battery-power that has guided the transportation industry for the last decade is starting to become a reality – and that's triggering shakeups everywhere from electric vehicles to flying taxis. On the roads, the car industry has moved on from the early days of EV integration to tackle bigger challenges like mass production of vehicles and the batteries that power them. In the sky, electric vertical takeoff and landing aircraft startups are proliferating as they chase a market <a href="https://www.businessinsider.com/top-startups-evtol-flying-car-industry-urban-air-mobility-2022-4">potentially worth $1 trillion</a>."We can come up with a solution in a lab and it can look absolutely amazing," Rachad Youssef, chief product officer for General Motors' commercial electric vehicle subsidiary, BrightDrop, told Insider. "But we're dealing with logistics that move trillions of dollars."All of this change from imagined idea to real life has brought up some common challenges across the transportation industry. Perhaps the most daunting is the economics of building a new supply chain for mass production of the lithium-ion batteries that are powering everything from electric cars to commercial vans and electric aircraft.<h2>Building Batteries </h2>More electric vehicles hitting the road in 2022 spurred a reckoning in the manufacturing world this year. With critical materials running low, leaders in the transportation industry were forced to focus efforts on finding new ways to source and manufacture these critical parts.Battery recycling startup Redwood Industries provides one option: turning parts from old batteries into new ones. Redwood's senior director of business development Jackson Switzer is helping the company, founded in 2017 by longtime Tesla Chief Technical Officer JB Straubel, to get the materials it recycles back into production."Within the next year, materials that we recycled will be back on the road in an electric vehicle," Switzer said. "Now it's just a matter of how fast can we go, and how fast can we scale."At Lyten, Chief Battery Technology Officer Celina Mikolajczak is helping the battery startup develop a lithium-ion battery that harnesses the benefits of sulfur. While this material hasn't been commercialized at scale yet, Mikolajczak — formerly of Tesla, Panasonic, and QuantumScape — thinks it can solve this challenge with 3D graphene, and in the process produce cells with boosted range, recharge time, and safety.<div type="image" title="Amazon Rivian electric delivery" height="1924" width="2880" msid="95541234" hostid="261" sizebytes="513548"></div><h2>More than passenger cars</h2>It's likely that the first mass-produced and -purchased electric vehicles won't end up in regular people's driveways, but will instead land in the logistics space, especially as charging infrastructure starts to get built out.At big retail companies like Walmart, executives are already looking for the advantages of changing their fleets over from internal combustion to electric vehicles. Amazon, for example, is aiming to electrify its last-mile fleet by 2040, which means swapping out tens of thousands of fossil fuel-powered trucks and vans for battery-powered ones over the next two decades. Meanwhile, at Ford, the automaker has created a commercial customer business that will offer customers electric F-150s, Transits, and other electrified commercial vehicles for their businesses. Ford Pro CEO Ted Cannis told Insider commercial fleets are uniquely suited for transitioning to electric vehicles because their usage patterns are more predictable."You can fit the battery size to what the customer is doing because they know about how far they're going in the vehicle every day," Cannis said.

As the switch to electric vehicles shifts from dream to reality, the transportation industry is being shaken to its core

<ul class="summary-list"><li><keyword id="107096" type="COMPANY" weightage="60" keywordseo="Tesla">Tesla</keyword> sold 184,800 vehicles in the first three months of 2021. </li><li>The number is slightly above what analysts on Wall Street had expected.</li><li>The carmaker battled supply-chain snafus including a worldwide shortage of <keyword id="318522" type="TECHNOLOGY" weightage="60" keywordseo="semiconductor-chips">semiconductor chips</keyword>. </li></ul>Tesla on Friday <a href="https://ir.tesla.com/press-release/tesla-q1-2021-vehicle-production-deliveries">announced</a> better-than-expected car sales for the first three months of 2021, despite major production and supply-chain headwinds. The electric-car maker delivered 184,800 vehicles in the first quarter, topping <a href="https://www.businessinsider.com/tesla-q1-deliveries-preview-wall-street-estimates-2021-3">Wall Street's expectations</a>. The carmaker sold 182,780 of its Model 3 and Model Y, along with 2,020 of its higher-end Model S and Model X. Tesla does not break down its sales by individual model. Tesla said it saw strong demand for the Model Y in China and that it will continue to speed up production of the refreshed Model X and Model S. Shares of the automaker sank slightly, about 0.5% in extended trading Friday, though most major stock exchanges were closed for Good Friday. The stock sold off just shy of 1% on Thursday in the lead-up to the announcement. Analysts largely expected Tesla would continue the rapid pace of production it achieved during the last three months of 2020, as it <a href="https://www.businessinsider.com/elon-musk-tesla-delivered-2020-three-free-months-self-drive-2020-12">pulled out all the stops</a> to <a href="https://www.businessinsider.com/telsa-just-missed-its-goal-of-delivering-500000-vehicles-2021-1">deliver 499,550 cars before the year's end</a>. Consensus on Tuesday stood at 173,800 units for the quarter.Overall production numbers came in at 180,338, Tesla said. Both figures could change slightly, about 0.5%, as paperwork is finalized. The carmaker faced major headwinds in the first quarter including a global shortage of semiconductors that has kneecapped auto manufacturing worldwide, <a href="https://www.businessinsider.com/stellantis-truck-production-hit-by-semiconductor-shortage-2021-3">idling production lines</a> and forcing automakers to build cars without certain components as they await chips. Read more:<a href="https://www.businessinsider.com/sila-ceo-reveals-what-he-learned-from-working-for-tesla-2021-2">The CEO of a top battery startup shares what he learned about business from joining Tesla as employee number 7</a>In January, Tesla CFO Zach Kirkhorn warned of obstacles Tesla would face in the first quarter, including the semiconductor issue."Specifically for Q1, our volumes will have the benefit of early Model Y ramp in Shanghai," Kirkhorn said on a conference call. "However, S and X production will be low due to the transition to the newly architected products. Additionally, we're working extremely hard to manage through the global semiconductor shortage as well as port capacity, which may have a temporary impact."In February, Tesla temporarily halted production at its Fremont, California, factory, and CEO <keyword id="6355315" type="UNKNOWN" weightage="60" keywordseo="elon-musk">Elon Musk</keyword> attributed the break to "parts shortages." Production stoppages aren't uncommon for carmakers, and they've become more frequent as the chip shortage drags on. Wall Street expects Tesla to sell more than 800,000 vehicles in 2021, with production capacity aided by new factories that are set to come online in Germany and Texas. Wedbush Securities analyst Daniel Ives said in a Friday note that he now expects Tesla to deliver more than 850,000 cars in 2021, as demand for EVs grows globally and as President Joe Biden signals a commitment to green infrastructure. "We believe these delivery numbers are a paradigm and sentiment shifter for the space going forward. Its been a brutal sell off for Tesla and EVs, but we believe that will now be in the rear view mirror," Ives said.

You Searched For "Brihanmumbai Electric Supply and Transport" and got 12 results

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