EESL invests Rs 37 crore in Thailand-based SWAG EV

The state-run Energy Efficiency Services (EESL) has announced an initial investment of $5 million (Rs 37 crore) in Thailand-based electric two-wheeler maker SWAG EV. The move is said to promote the concept of convergence – bringing together electric mobility, renewable energy and carbon finance to catalyse energy transformation in Southeast Asia.

Mitsubishi banking on V2X to tout PHEVs

Mitsubishi Motors Thailand wants to seek new business opportunities based on its “V2X” concept, using plug-in hybrid electric vehicles (PHEVs) to alert households to smart electricity management.

Study looks at using EVs to power homes

A public-private study on a new business model allowing electric vehicles to power houses to cut electricity bills can help promote EVs, says a Chulalongkorn University researcher, though some car owners are not confident the move will be powerful enough to steer them away from oil-fuelled engines.