Media
Back BMW to begin manufacturing EVs in India soon: Report
- July 23, 2023
Source: Mint
German luxury carmaker BMW plans to start local production of its electric vehicles (EVs) in India. A senior official from BMW has revealed plans to begin local production of its electric vehicles (EVs) in India, citing the growing popularity of the company's EVs in the Indian market. The localisation process involves considering both the volume of sales in the Indian market and the necessary technological stability.
Lexus set to foray into used car business, roll out first electric vehicle in India by 2025
- July 23, 2023
Source: CNBC TV18
Lexus is looking to foray into the used car business in India, having now completed six years in the market. The Japanese carmaker, which currently sells its product range through 23 touch points, aims to transition some of the sales outlets to also cater to the pre-owned car vertical.
A total of 8,738 Public Charging Stations operational in the country
- July 21, 2023
Source: Press Information Bureau
Under Phase-II of FAME-India Scheme, incentives are provided to buyers of electric vehicles in the form of an upfront reduction in the purchase price of electric vehicles. The incentive is linked to battery capacity i.e. Rs. 10,000/KWh for e-3W and e-4W with a cap 20 % of the cost of vehicle. Further, the incentive/ subsidies for e-2W has been fixed @10,000/- per kWh with cap 15% of the cost of vehicle w.e.f. 01st June, 2023.
Government announces re-bidding under PLI for advanced chemistry cell manufacturing
- July 20, 2023
Source: The Economic Times
The government has announced the re-bidding of production linked incentives for 20 GWh Advanced Chemistry Cell (ACC) manufacturing -- India's Rs 18,100-crore programme to boost local battery cell production. ACCs are the new generation of advanced storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required.
All new tourist vehicles in Goa to be EVs from January 2024
- July 19, 2023
Source: Zee Business
All new tourist vehicles, as well as cabs and motorbikes provided on rent in Goa will have to be electric vehicles from January 2024, Chief Minister of Goa, Mr Pramod Sawant said. The Goa government proposes major reforms to promote EVs in the coastal state.
Uttar Pradesh government launches portal for claiming electric vehicle subsidies
- July 19, 2023
Source: The Print
In its efforts to promote electric vehicles, the Uttar Pradesh government launched a portal — upevsubsidy.in — through which eligible citizens can avail subsidies online. For buyers purchasing EVs without batteries, the subsidy amount will be 50 percent of the total subsidy.
E-rickshaws to two-wheelers: The shift in the share of electric vehicles
- July 18, 2023
Source: The Hindu
The number of electric vehicles in India has surged from just 2400 a decade ago to over 27.4 lakh as of July 2023. However, given the concurrent rise in the number of non-electric vehicles, the overall share of electric vehicles has still not crossed the 1% mark. Notably, there is also a wide inter-State disparity in the penetration of electric vehicles.
Uttar Pradesh govt lays down norms for e-vehicle subsidy
- July 16, 2023
Source: The Economic Times
The Uttar Pradesh government has laid out conditions concerning the subsidy available on the purchase of electric vehicles under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy, 2022. As per a government order (GO) issued by the principal secretary, customers who have purchased electric vehicles in the state after October 14, 2022, will have to apply on the portal to get a subsidy from the government. Read more at: https://economictimes.indiatimes.com/industry/renewables/up-govt-lays-down-norms-for-e-vehicle-subsidy/articleshow/101795920.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Electric two-wheeler firms cut on battery size after FAME subsidy reduced
- July 16, 2023
Source: Business Standard
Electric two-wheeler (e2W) makers are focusing on reducing the cost of batteries in their vehicles to ensure volumes amid uncertainties around the government subsidy programme. Portfolio rejig may keep prices low for customers.
Chinese automaker BYD proposes $1 billion investment to produce EVs, batteries in India
- July 14, 2023
Source: Business Today
BYD, a Chinese automaker and battery maker, has proposed a $1 billion investment in India to establish manufacturing facilities for electric vehicles and batteries. The investment would be made in partnership with a local company, and would create many jobs. The proposed investment is a sign of BYD's confidence in the Indian electric vehicle market, which is expected to grow rapidly in the coming years.