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Interministerial panel on EVs pushes for battery swapping to accelerate adoption

  • August 16, 2023

Source: CNBC TV

Pushing for battery swapping to accelerate adoption of EVs (electric vehicles), an inter-ministerial panel has called for providing a better choice to consumers by increasing affordability and accessibility of EVs for consumers. The government is aiming to strike a balance between innovation and standardisation to protect consumers of EVs even as it stressed on the need for a calibrated testing infrastructure for battery manufacturers and charging stations in an exponentially growing EV market.

India has over 2.8 million EVs on its roads, Central and South India dominate EV ownership

  • August 15, 2023

Source: Autocar Professional

As per the data provided by the Union Minister and sourced from the government’s Vahan website, there are over 2.8 million registered electric vehicles (EVs) – 28,30,565 units – on Indian roads as of August 8, 2023. The data, indicative of EV sales over a 10-year period reflects the cumulative number of registered EVs in 27 states and seven Union Territories in the country.

Kerala indigenously develops lithium battery for electric vehicles

  • August 07, 2023

Source: Mathrubhumi

In a major achievement, a prototype of indigenously developed Lithium Titanate Oxide (LTO) battery has been manufactured by a consortium led by the Kerala Development and Innovation Strategic Council (K-DISC). The battery has been developed in collaboration with Vikram Sarabhai Space Centre and Travancore Titanium Products Limited with the aim of establishing an e-vehicle ecosystem in Kerala.

Electric vehicle penetration gap widens between India and other nations

  • August 06, 2023

Source: Business Standard

Data shows that India’s EV penetration, or the sales of EVs as a percentage of total vehicle sales, is way behind many key countries in the world. And India will need to do some serious catching up to even meet the government’s own declared target of 30 per cent by 2030. According to an ICRA study, EV penetration in India in calendar year 2022 (CY22) stood at 1.5 per cent.

More and more people in small cities warm up to electric cars

  • August 04, 2023

Source: The Hindu Business Line

In Q1 of this fiscal, electric passenger vehicles (including e-cars and e-SUVs) grew by 154 per cent at about 26,700 units, driven by affordable electric cars, launched recently. This wholesale is the highest-ever number in a quarter so far. The launch of affordable electric cars, growing charging stations and improvement in awareness levels about the long-term cost benefit of owning an electric vehicle has been driving the adoption of electric cars beyond metros and big cities.

NITI Aayog proposes incentives for processing and refining of minerals in lithium-ion batteries

  • August 01, 2023

Source: The Economic Times

NITI Aayog has proposed incentives in the form of tax benefits and a production linked incentive scheme to encourage production and refining of critical minerals used in lithium-ion batteries. In addition, Niti Aayog has called for the development of strong supply chains of critical minerals and raw materials to boost the domestic lithium-ion battery manufacturing industry.

Decarbonisation of public transport to cut 0.3 million tonnes carbon per year

  • July 31, 2023

Source: The Times of India

A successful decarbonisation of public transport in Kolkata over the next 28 years will help the city reduce 0.3 million tons of carbon dioxide each year compared to 2022, apart from significant reduction in emission of nitrogen oxides, carbon monoxide particulate matter and ammonia. The net zero road map for the public transport of Kolkata, prepared by TERI, has estimated the complete decarbonisation of public transport in the city by 2050 in six phases.

Flurry of electric PV launches set to widen India market

  • July 30, 2023

Source: The Economic Times

A slew of electric vehicle models are lined up for launch in the next 12 months even as US-based Tesla and Fisker firm up their India entry plans. Mainstream and luxury manufacturers including BYD, Citroën, Kia, BMW, Mercedes-Benz, Volvo, Audi, Porsche and Jaguar-Land Rover plan to unveil as many as 21 new electric passenger vehicles (PV).

7 major automakers plan new EV charging network to rival Tesla's

  • July 26, 2023

Source: Yahoo Finance

Seven multinational automakers — BMW (BMWYY), GM (GM), Honda, (HMC), Hyundai (HYMTF), Kia, Mercedes-Benz Group (MBGAF), and Stellantis (STLA) — announced on Wednesday that they will form a new charging network that they say will "significantly expand access to high-powered charging" in North America. According to the group, the new network will allow any battery-powered electric vehicles from any automaker, as long as the vehicle uses the Combined Charging System (CCS) or Tesla's North American Charging Standard.

PLI Scheme for EV Makers

  • July 25, 2023

Source: Press Information Bureau

PLI Scheme for Automobile and Auto Components industry in India incentives Advanced Automobile Technology (AAT) Products. EV is one of the AAT Products. As reported by the approved applicants under this PLI Scheme, Investment up to March 31, 2023 is ₹8,898 crore. However, no claim has been received for the FY 2022-23 and therefore there is no disbursement.