Media
Google Maps to use AI to help EV car owners charge up
- April 17, 2024
Source: CNET
Google Maps is getting an upgrade, focused on helping electric vehicle owners keep their cars charged. Google is adding real-time details about chargers to its Google Maps app when users indicate they're driving an EV.
India’s electric vehicle market registers widespread growth, two-wheelers lead in sales
- April 10, 2024
Source: The Telegraph
In FY2024, India’s electric vehicle (EV) market has shown growth across all segments although from a relatively low base. Electric two-wheelers led the charge with sales of 9,47,087 units, an year-on-year increase of 30.06 per cent, capturing a 5.4 per cent market share.
Indian Oil, Panasonic partner for lithium-Ion cell production in India
- March 31, 2024
Source: FoneArena
The country's electric mobility revolution is set to receive a major boost with the announcement of a joint venture (JV) between Indian Oil Corporation Ltd. and Panasonic Energy Co. Ltd. The collaboration signifies a significant step towards strengthening domestic lithium-ion battery production, a crucial component for electric vehicles (EVs) and energy storage systems.
Just 5 per cent may purchase electric cars this year, most want EVs under Rs 10 lakh: Survey
- March 31, 2024
Source: The Economic Times
The survey by LocalCircles said that just 5% may buy electric cars this year out of 4 million total car sales. Majority of the respondents were interested at Rs 8-10 lakh. Of the 40,000 respondents who participated in the survey, 42 per cent are from tier-1 cities, 34 per cent from tier 2 and the remaining 24 per cent from tier-3, 4 and rural areas.
Electric vehicles: India's share in global PV market may rise to 7% by 2040, says Goldman Sachs
- March 30, 2024
Source: Business Today
A latest estimate by Goldman Sachs has stated that India’s share of the global electric passenger vehicle market may go up to 7.1 per cent by 2040 from the current level of 1 per cent in 2024. As per estimates for 2024, Sachs has predicted that electric passenger car sales will remain at more or less the same levels as 2023, around 0.1 million. But in 2030, they will cross the million mark for the first time, hitting 1.3 million in 2030 and then 5.5 million by 2040.
Tata Passenger Electric Mobility partners with HPCL to expand EV charging infrastructure across India
- March 27, 2024
Source: Business Today
Tata Passenger Electric Mobility (TPEM) and Hindustan Petroleum Corporation (HPCL) have inked a deal to enhance public EV charging stations across India, leveraging Tata's EV insights and HPCL's extensive fuel station network. The collaboration will leverage HPCL's fuel station network and TPEM's experience with over 1.2 lakh Tata EVs in India, to establish public charging stations at popular locations.
New electric vehicle scheme links lower import duty with FDI
- March 25, 2024
Source: Business Standard
The government has notified the scheme to promote manufacturing of electrically operated passenger vehicles (EVs) in India and issued two notifications 19/2024-Customs and 20/2024-Customs both dated March 15, 2024, exempting the social welfare surcharge and reducing the basic customs duty (BCD) to 15 per cent on imports of EVs falling under the heading 8703 of the Customs Tariff subject to certain conditions. The government hopes the scheme will attract foreign direct investment in the manufacture of EVs
Ministry of Heavy Industries announces Electric Mobility Promotion Scheme 2024
- March 13, 2024
Source: Press Information Bureau
Electric Mobility Promotion Scheme 2024 (EMPS 2024) scheme is being introduced by Ministry of Heavy Industries, Government of India with the approval of Department of Expenditure, Ministry of Finance to further accelerate the adoption of EVs in the country. This is a fund limited scheme with a total outlay of INR 500 crore for the period of 4 months -- 1 April 2024 till 31 July 2024 -- for faster adoption of electric two-wheeler (e-2W) and three-wheeler (e-3W) to provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing eco-system in the country.
Government announces Rs 500 crore e-mobility scheme to promote electric vehicles
- March 13, 2024
Source: Business Standard
The Ministry of Heavy Industries has announced a new scheme to promote e-mobility in the country with an outlay of Rs 500 crore for four months beginning April 2024. The scheme will be for four months till July 2024. Under the scheme, a support of Rs 10,000 per 2-wheeler will be provided.
End of the road for FAME-II scheme for EVs drives up e2W, e3W demand
- March 09, 2024
Source: Business Standard
There has been a significant increase in queries, bookings, and sales of electric vehicles in the country, particularly in the two- and three-wheeler segments, even as EV manufacturers are in a bind over the likely end to subsidies under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-II) scheme after March 31.