Media
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.
Tata Motors plans app to help its electric vehicle users find charging stations
- July 25, 2023
Source: The Economic Times
For customers who want to purchase electric vehicles but do not have dedicated parking spots, Tata Motors, in collaboration with Tata Power, has commenced work to set up community charging facilities in residential societies.
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.
8738 public EV charging stations operating in India as of June: Minister
- July 24, 2023
Source: Mercom India
As India strives towards decarbonizing the transport sector, the country has installed 8,738 operational public electric vehicle charging stations, as of June 30, 2023, according to the Bureau of Energy Efficiency (BEE) and the Ministry of Power data. The information was shared by the Minister of State for Heavy Industries in a written response to a question in the Rajya Sabha.
Only 0.8% electric vehicles in country out of 34 crore vehicles registered
- July 23, 2023
Source: Daijiworld
Electric vehicles constitute a miniscule 0.8 per cent of the total number of vehicles registered in the country, despite government pushing for greener vehicles since 2015. According to an official data, out of the total slightly over 34 crore vehicles registered with road transport ministry's e-vahan portal, as on July 14, 2023, only over 27 lakh vehicles were registered as electrical vehicles.