Media
PM E-DRIVE Scheme: Electric Vehicle Sales Soar
- November 05, 2024
Source: Press Information Bureau
The ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE)’ Scheme, recently approved by the Cabinet with a financial outlay of INR 10,900 crore, came into effect on October 1, 2024, and will remain in force until March 31, 2026. The primary goal of the scheme is to accelerate the adoption of electric vehicles (EVs), develop essential charging infrastructure, and establish a robust EV manufacturing ecosystem across the country. Under this scheme, electric vehicle sales have already seen a record surge, reflecting the growing momentum of EV adoption.
Government rolls out new EV charging guidelines to fuel electric vehicle boom across India
- September 23, 2024
Source: EnergyWorld
In a significant push to promote sustainable transportation, the Government of India has unveiled a robust framework for enhancing the electric vehicle (EV) charging infrastructure across the nation. This initiative is designed to ensure that EV owners have reliable and cconvenient access to charging facilities, thereby addressing one of the major hurdles in EV adoption.
Cabinet approves PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of Rs10,900 crore over a period of two years
- September 11, 2024
Source: Press Information Bureau
The Union Cabinet has approved the proposal of Ministry of Heavy Industries (MHI) for implementation of scheme titled ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme' for promotion of electric mobility in the country. The scheme aims to enhance vehicle testing infrastructure with dedicating fund of Rs 780 crore for developing testing agencies.
EV penetration improved sharply in 2 and 3-wheeler segment in India for July
- August 06, 2024
Source: ET Brand Equity
The electric vehicle (EV) penetration improved sharply in the two-wheeler and three-wheeler segment in India during July 2024, while the government extended the Electric Mobility Promotion Scheme (EMPS) subsidy till September 30. Electric 2W volume crossed the 1,00,000 mark last month while E3W volumes reached a new peak of 63,000, according to the report by BNP Paribas India.
Electric vehicle sales rose 55.2 pc to 1.79 lakh units in July: FADA
- August 06, 2024
Source: The Economic Times
Electric vehicle sales saw a significant 55.2 per cent year-on-year increase in July, totaling 1,79,038 units. The growth was driven by a 96 per cent surge in e-two-wheeler sales. Electric two-wheelers sales stood at 1,07,016 units and three-wheelers at 63,667 units. Commercial vehicle sales doubled to 816 units. Passenger vehicles, however, declined by 2.92% to 7,541 units.
IIT Bombay innovates to optimise fuel cell electric vehicle components
- July 23, 2024
Source: Investing.com
Researchers from the Indian Institute of Technology (IIT) Bombay have developed a novel optimisation method for determining the ideal weight and size distribution of components in fuel cell electric vehicles (FCEVs). The new method optimises the weight, cost, and range of FCEVs by recommending the optimal size for the radiator and thermal energy storage (TES) unit, enhancing vehicle efficiency and aiding in commercialisation.
Customs duty exemption on lithium, cobalt to aid growth of EV sector: Auto Inc
- July 23, 2024
Source: The Economic Times
Union Budget 2024-25 exempts customs duties on lithium and cobalt. The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost and help in making electric vehicles more affordable for the buyers.
Changes likely in India's new EV policy, may benefit legacy car companies
- July 08, 2024
Source: The Economic Times
India is likely to make changes to its new electric vehicle (EV) policy to incentivise automakers that have already made investments in the country. The policy, which aims to accelerate the local manufacturing of high-end electric cars, currently supports only fresh investments.
Electric vehicle registrations in India grew by 16% in H1 2024, with a positive outlook for future growth
- July 07, 2024
Source: The Hindu Business Line
According to Vahan data, which tracks vehicle registrations in the country, 8,42,396 electric vehicles were registered between January and June 2024. Electric vehicle registrations in India witnessed a 16 per cent growth in H1 in 2024 year-on-year.
Policy and market synergy required for EV sector to thrive
- July 05, 2024
Source: Deccan Herald
The Indian electric vehicle (EV) ecosystem anticipates the rollout of the third phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME), which has in the previous phases along with state government policies steered the EV uptake.