Hello, India’s laying down the law on EVs. The government has finalised and issued detailed guidelines for its latest EV policy, as global automakers increasingly eye Indian markets. The scheme was first announced in March this year and outlines investment requirements and timelines for global players looking to enter the country. Among other things, the new policy incentivises local manufacturing. Meanwhile, a key detail in the new ‘Scheme to Promote Manufacturing of Electric Passenger Cars in India’ has reportedly made the Vietnam-based EV maker VinFast’s $2 billion investment in Tamil Nadu ineligible for incentives. Elsewhere, Chinese companies are mass producing sodium-ion batteries, an alternative that could help the industry reduce its dependence on key raw minerals. Moving on, semiconductor chips are central to global AI and EV ambitions. And one startup from the UK has an out-of-the-world idea to make chips more efficient. Cardiff, Wales-based Space Forge recently raised a £22.6 million Series A round to make wafer materials in space, TechCrunch reports. Speaking of futuristic technology, scientists have created contact lenses that they say allow people to see in the dark with the help of infrared light, Futurism reports. Apart from allowing wearers to see in the dark, the contacts could even be used to receive data wirelessly! In today’s newsletter, we will talk about - VC funding touches record highs
- ChatGPT for livestock farmers
- Climate change tales from the Western Ghats
Here’s your trivia for today: What acclaimed novelist was a war correspondent during the Spanish Civil War and World War II?
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