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A worker pushes his bicycle under a line of cable trolleys transporting coal in Uttar Pradesh, India, on Nov. 19, 2021.

Money Sharma | Afp | Getty Images

There’s little doubt that India has made progress in its transition to renewable energy.

The country’s leaders have been optimistic about its path to net zero, making bold claims that 50% of its power generation will come from renewables by 2030, and 100% by 2070.

However, coal production continues to soar and reliance on the fossil fuel won’t end any time soon as India struggles to find other ways to cool homes down and keep the lights on.  

“India will not be able to survive completely without coal and there is no alternative for India in the coming 10 to 20 years,” said Anil Kumar Jha, former chairman and managing director of Coal India — the world’s largest coal producer.

“If you are hungry and don’t have cake to eat, will you eat bread or die hungry? That is presently what India is doing,” Jha told CNBC. “We don’t have an alternative to generate that amount of electricity, and will have to depend on coal.” 

Fossil fuels, mainly coal, continue to make up 75% of India’s power supply, making it “the only fuel that India has in relative abundance,” said Neshwin Rodrigues, electricity policy analyst at Ember, a global energy think tank.

A man rides a motorcycle along a road past the National Thermal Power Corporation plant in Dadri on April 6, 2022.

Prakash Singh | Afp | Getty Images

Effects from climate change have triggered more than 700 heat waves in India over the past five decades, driving up electricity demand as more households purchase air conditioners. 

“India is presently witnessing a rapid surge in electricity demand, driven by the electrification of numerous households, the burgeoning economy, and the increasing adoption of electric vehicles, infrastructure development, and cooling systems,” said Sooraj Narayan, Wood Mackenzie’s senior research analyst of power and renewables in Asia Pacific. 

“This heightened power demand necessitates a reliable, cost-effective, and consistent power generation source, which coal currently fulfills,” he highlighted. 

Whether we like it or not, coal will continue to have a role to play in India.

Sooraj Narayan

Wood Mackenzie

Data from the International Energy Agency showed that electricity consumption in India from air conditioners increased by 21% between 2019 and 2022.

Nearly 10% of the country’s electricity demand comes from space cooling and this will increase ninefold by 2050, the IEA said.

Simultaneously, India’s coal consumption has rapidly increased. 

The country’s coal production rose to 893 million tons in 2022 to 2023, a 14% growth from 778 million tons in 2021 to 2022, according to data from the Ministry of Coal.

Jha estimated coal production could reach 1,335 million tons in 2031 to 2032. 

Coal will continue to play a role in India's energy mix, says renewable energy firm

This raises the question about whether India will be able to reach its 2030 target of achieving 50% of its energy requirements from non-fossil fuel sources. As of now, energy analysts don’t think it’s achievable. 

“Coal remains a reliable fallback option for India to ensure consistent and dependable power generation, especially as it strives to meet the demands of a rapidly growing population and economy,” Narayan pointed out. 

This could be the norm for India until after 2030 — when coal demand is expected to peak, according to Sumant Sinha, founder of Indian renewable energy firm ReNew Power. 

“What we cannot afford as a country is essentially to shortchange our growth on account of a lack of power capabilities. Whether we like it or not, coal will continue to have a role to play in India,” Sinha told CNBC’s “Squawk Box Asia” on last week. 

Unreliable renewables

Despite being able to produce cheap wind and solar energy, only 22% of India’s power generation is met by renewables.

All the analysts who spoke to CNBC agreed the country’s solar, wind and hydro energy capabilities are still unreliable as they are dependent on weather conditions and the climate.

“Renewable sources like solar and wind are inherently variable, relying on natural factors such as sunlight, wind and water availability. This variability makes them less dependable for meeting the nation’s burgeoning power demand,” Wood Mackenzie’s Narayan said. 

A worker walks through the Tapovan Vishnugad hydropower plant project construction site in Uttarakhand, India, on Feb. 9, 2022.

Bloomberg | Bloomberg | Getty Images

The South Asian nation currently has around 180 gigawatts of installed renewable energy, and hydropower makes up half of that mix. However, more advanced infrastructure is needed to ensure it serves as a reliable alternative to coal in the future.

India experienced the driest August in more than a century when it received 36% less rainfall. Coal reliance that month grew by 13% compared to the year before.

“While India seeks to leverage hydropower to balance its grid, this source of renewable energy is not without its complexities,” Narayan said, explaining that projects are often delayed. 

“The construction of dams and run-of-river projects for hydropower often encounters prolonged delays, extensive gestation periods, and is contingent on variable rainfall patterns.”

It won't be easy for India to transition away from coal, but it must be done, incoming SAP chair says

Solar and wind energy face the same hurdles as underdeveloped power grids curtail progress in the sector. 

“India’s existing grid infrastructure is not fully equipped to handle the integration of variable renewable energy sources like solar and wind,” according to Narayan. 

Investment is key 

Ramping up investments — particularly in battery storage — may be the most significant way for India to meet its net-zero transition goals.

India currently has around 180 gigawatts of installed renewable energy and aims to reach 500 gigawatts by 2030, according to government agency Invest India.

“Grid-scale battery storage is costly, with supply chain disruptions further driving up prices due to events like the Covid-19 pandemic and geopolitical conflicts. These complexities render it challenging to rely solely on renewables for consistent and dependable power generation,” Narayan said.

Water being released from the Madupetty dam and hydro power station in Kerala, India.

Nurphoto | Nurphoto | Getty Images

Another issue is that renewables are a frontloaded investment where “all your investments happen on the day of installation. You pay for everything upfront,” said Rodrigues from Ember.

“The problem with that is that you require a lot of financing capacity, and there is limited financing capacity in India,” he added, warning that India’s net-zero goals cannot be met without foreign investments.

“Going forward, we need to find ways to first phase down coal, then we can talk about completely phasing it out.”

— CNBC’s Naman Tandon contributed to this report.

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2026 Kia EV9 loses big rebates – but still offers $12.5k in savings

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2026 Kia EV9 loses big rebates – but still offers .5k in savings

Kia’s three-row electric SUV, the EV9, is back for 2026 with smaller up-front rebates, but thanks to the federal EV tax credit, you could still come out ahead.

The 2025 Kia EV9 started at $56,395 and came with up to $10,000 off, thanks to Kia’s generous deals. That helped clear out inventory fast. Now, for 2026, Kia is dialing its deals back a bit.

According to a dealer bulletin seen by CarsDirect, the 2026 EV9 is launching with a $4,000 Customer Cash incentive available on all trims for buyers. On top of that, there’s a $1,000 Competitive Bonus Program for shoppers who either lease or buy the EV9 by July 7. That bonus is open to anyone who owns a 2014-2026 vehicle from a competing brand – think BMW, Tesla, Toyota, and others. No trade-in is required.

That means eligible shoppers could knock $5,000 off the sticker price. And since the 2026 EV9 qualifies for the $7,500 federal EV tax credit (at least most trims), total savings could climb to $12,500.

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Leasing instead of buying? Kia’s also offering a $399 per month introductory lease deal on the 2026 EV9.

That $4,000 rebate is a step down from the up to $10,000 off the 2025 model, but most 2025 EV9s weren’t eligible for the $7,500 tax credit. The 2026 version is, as long as you’re looking at a trim that qualifies. The high-performance EV9 GT is built in South Korea, which makes it ineligible under current federal rules, but the other EV9 trims built in Georgia qualify.

The 2026 Kia EV9 will arrive at dealerships in the second half 2025. Click here to find a local dealer that will stock the 2026 Kia EV9. –trusted affiliate link


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Volkswagen may have a smaller, more affordable electric minivan to sit below the ID.Buzz

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Volkswagen may have a smaller, more affordable electric minivan to sit below the ID.Buzz

The electric microbus might soon have a little sibling. Volkswagen is considering adding a smaller, more affordable EV minivan that would sit below the ID.Buzz.

Is Volkswagen launching a cheaper EV minivan?

After launching on March 14, 2003, the Volkswagen Touran quickly became one of the most successful multi-purpose vehicles (MPVs) in its class.

After celebrating its 20th anniversary in 2023, VW said it had sold over 2.6 million Tourans globally. Although it remains one of the top-selling vehicles of its kind in Europe, the MPV has lost its luster with the growing demand for SUVs over the past few years.

An updated, all-electric version could spark a comeback. Volkswagen is reportedly looking to add a smaller, cheaper EV minivan to replace the Touran. Sources familiar with the project told Autocar that Volkswagen recently brought back several MPV concepts from storage, hinting at what the new EV would look like.

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One of the concepts was the BUDD-e from 2016, an electric minivan concept that was expected to be the first VW vehicle based on the MEB platform, which underpins its current ID lineup.

Volkswagen-cheaper-EV-minivan
Volkswagen BUDD-e concept (Source: Volkswagen)

Although most details are still secret at this point, the new electric minivan is expected to draw inspiration from other concepts, such as the 2011 Bulli, as well as past models, like the 2014 Golf SV.

Volkswagen’s EV minivan could also debut with new features. Insiders claim VW is working on new sliding doors and seats to rival emerging Chinese brands like Zeekr.

Specs are also yet to be confirmed, but the ID.Buzz’s smaller sibling will likely ride on a new version of VW’s MEB+ or SSP platforms. Battery options are likely to fall within the 60 kWh to 80 kWh range, with both FWD and AWD powertrain configurations.

Volkswagen-cheaper-EV-minivan
Former Volkswagen Group CEO Herbert Diess unveils the BUDD-e concept at CES 2016 (Source: Volkswagen)

If Volkswagen goes through with it, the electric minivan could arrive by 2027 or 2028. With plans to drop the ID naming system, it could be the electric Touran replacement.

Several electric MPVs are already rolling out, particularly in China. Last week, we caught a glimpse of Hyundai’s first electric minivan, the Staria EV, after it was spotted on the road for the first time.

The ID.Buzz starts at around 55,000 euros ($63,000) in Europe and $59,995 in the US, so you can expect prices to start slightly lower.

Would you buy an electric Volkswagen Touran? You might have the chance soon. Let us know your thoughts in the comments below.

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Sense’s on-meter AI tool can spot every EV charging on the grid

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Sense's on-meter AI tool can spot every EV charging on the grid

Smart meter maker Sense just launched a new tool that helps utilities get smarter about how EVs are charging on the grid, and it doesn’t need cloud computing or special hardware to work.

Sense’s new EV charging software is called EV Analytics, and it runs through AMI 2.0 smart meters. That means it can process data directly at the grid edge, without needing to send information back and forth to the cloud. By analyzing high-resolution waveform data locally, EV Analytics can spot EVs on the grid and figure out when they start and stop charging, how much energy they’re using, and whether it’s a Level 1 or Level 2 charger.

This is Sense’s first grid-edge product built specifically for utilities. And it could be a game changer for how utilities plan, forecast, and roll out managed charging programs.

“You can’t measure what you can’t see,” said Nancy Riley, SVP of product at Sense. “We’ve focused our energy on finding all EVs on a grid, including those ghost EVs that utilities are often blind to because they use Level 1 chargers.”

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Here’s what utilities can do with Sense’s EV Analytics software:

  • Spot every EV and charger: No matter the brand or charger type, the software detects charging events without needing car telematics or integrations.
  • Use edge computing: Built-in AI and machine learning on the meter analyzes high-resolution waveform data locally, which delivers more accurate results than older 15-minute interval cloud models.
  • Run better programs: Utilities can improve the efficiency of managed charging programs and save money by getting real-time charging data right from the grid edge.
  • Scale easily: It works with multiple communication protocols, like cellular, mesh, and wifi, so it fits right into existing systems.

The goal is to make it easier for utilities to manage the growing demand for EV charging, while giving all customers a chance to participate in programs that help cut costs and keep the grid reliable.

EV Analytics is already available for utilities using Landis+Gyr’s Revelo smart meters through the Sense EV Analytics App. Sense says EV Analytics is the first in a suite of grid-edge data software solutions the company will deliver “over the coming months.”

Learn more about how Sense’s EV Analytics software works here:

Read more: With a $30M raise, SparkCharge takes EV fleet charging off-grid


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

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