Media
Government reduces FAME-II subsidy on electric two-wheelers from June 1
- May 22, 2023
Source: Business Standard
The government has reduced the subsidy provided under FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme applicable on electric two-wheelers registered on or after June 1. For electric two-wheelers, the demand incentive will be Rs 10,000 per kWh. The cap on incentives for electric two-wheelers will be 15 per cent of the ex-factory price of vehicles from 40 per cent at present.
India ripe target for EV companies but domestic take up slow: Report
- May 15, 2023
Source: The Economic Times
Despite being the third-largest auto market in the world, no Indian company is likely to achieve a meaningful global share of electric vehicles in the near future, warns a report by S&P Global Ratings. Asia is set to keep its place as the world's biggest producer of, and market for EVs, EV batteries, and EV battery materials and the continent will be at the centre of the EV era.
Annual EV sales in India surpassed 1.2 million in FY 2023
- May 11, 2023
Source: PV Magazine
Uttar Pradesh led the yearly electric vehicle sales with a 15.15% share of the cumulative 1.2 million units sold in FY 2022-23. It was followed by Maharashtra (12.72%) and Karnataka (9.14%). Annual EV sales in India crossed 1.2 million in FY2023, a 174% increase year-on-year. Electric two-wheelers accounted for more than 60% of the overall units sold.
More lithium for EVs: after J&K, new reserves found in Rajasthan
- May 08, 2023
Source: Inc42
As per officials, the quantity of lithium in Degana is higher than in Jammu & Kashmir and can cater to 80% of the country's demand. Lithium is one of the major elements for lithium-ion batteries used in EVs, however, India is currently dependent on its imports in the absence of local supply.
Focus on EV sector to help TN reach $1-trillion economy target: Report
- May 02, 2023
Source: The Financial Express
Stepping up focus on the electric vehicle sector will help Tamil Nadu achieve its target of becoming a $1-trillion economy by 2030-2031, according to a latest Ficci -Deloitte report. The report, “Towards One Trillion: Accelerating Tamil Nadu’s Progress to Become a Trillion-Dollar Economy”, highlights that given the need to become a global leader in EV automobiles, the focus today needs to be on the well-established automotive cluster in the Chennai-Kancheepuram-Chengalpattu-Tiruvallur corridor besides utilising the existing auto-manufacturing infrastructure and industry presence.
Centre extends EV battery safety certification deadline by 6 months
- April 30, 2023
Source: Business Standard
The Centre has extended by six months the deadline to obtain the mandatory electric vehicle (EV) battery safety test certification from the ministry of heavy industries. The certification was compulsory for manufacturers from April 1, 2023, if they wanted subsidies under various EV-promotion schemes.
Odisha enhances subsidy on purchase of electric vehicles
- April 24, 2023
Source: Odishatv
The Odisha Electric Vehicle Policy, 2021 was implemented on September 1, 2021, and based on the experience and best practices across the country; the state government has decided to enhance the subsidy. This will make the policy more progressive and help the State achieve the desired objective and encourage the public to purchase electric vehicles.
Andhra Pradesh gets 250 EV charging stations, 100 more on cards
- April 21, 2023
Source: The Times of India
The New and Renewable Energy Development Corporation of Andhra Pradesh Ltd. has facilitated setting up of 250 electric charging stations in the state. The corporation is also planning another 100 charging stations in the coming year.
A breakthrough in EV battery tech
- April 20, 2023
Source: Business Standard
The rapid rise in the electric vehicle (EV) demand in the past two years has resulted in massive pressure on the battery supply chain. This makes it indispensable to diversify into newer battery technologies beyond lithium. Sodium-ion is a promising technology to complement lithium-ion batteries or even replace them in some cases. [Srihari Mulgund]
Uttar Pradesh on track to be first Indian state with 100% EVs in government departments
- April 19, 2023
Source: Hindustan Times
In a major push to promote sales and usage of electric vehicles (EVs) in the state of Uttar Pradesh, the state government has set a target and has taken action to convert vehicles used in all government departments into EVs in a phased manner by 2030.