Media
End of the road for FAME-II scheme for EVs drives up e2W, e3W demand
- March 09, 2024
Source: Business Standard
There has been a significant increase in queries, bookings, and sales of electric vehicles in the country, particularly in the two- and three-wheeler segments, even as EV manufacturers are in a bind over the likely end to subsidies under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-II) scheme after March 31.
High-end EVs to cost more in Karnataka as govt to levy additional tax
- March 09, 2024
Source: The Economic Times
The prices of high-end electric vehicles in Karnataka are set to increase as the state government has decided to collect a lifetime tax of 10% of the vehicle's cost at the time of registration. The new rule will apply to electric cars, jeeps, and buses, the govt said in a notification.
Electric buses take center stage in India's push for green transportation
- March 07, 2024
Source: MoneyControl
After scooters, electric buses are India’s next big focus when it comes to accelerating the country’s slow shift to cleaner transport. Ashok Leyland Ltd., the flagship company of conglomerate Hinduja Group, broke ground last month on a manufacturing plant for electric commercial vehicles in the northern state of Uttar Pradesh. Tata Motors Ltd. unit TML Smart City Mobility Solutions, meanwhile, expects to deploy 3,300 e-buses on roads by fiscal 2025, and Olectra Greentech Ltd., which has a partnership with China’s BYD Co., is constructing a new e-bus plant that’s forecast to start production in July.
Odisha: BPIA to introduce electric aircraft towing vehicles to reduce emission
- February 26, 2024
Source: The New Indian Express
In a first-of-its-kind initiative in Odisha, the Biju Patnaik International Airport (BPIA) in the state capital has planned to introduce electric vehicles to tow aircraft between runway holding points and aprons. Currently, the aircraft operating at BPIA are reaching the aprons from holding points by using their own power. They will be towed till the aprons by the electric vehicles after the new system is implemented in the airport.
Government tweaks electricity Act to promote EVs and solar panels
- February 23, 2024
Source: The Economic Times
The Indian government has made changes to the Electricity Act to promote electric vehicles and solar energy. The amendments facilitate easier installation of rooftop solar systems, separate electricity connections for EVs, and reduced waiting periods for new connections.
EVs and India’s Net Zero goals
- February 19, 2024
Source: The Financial Express
The focus on the adoption of electric vehicles should intensify as EVs offer the lowest lifecycle carbon footprint due to their zero tailpipe emissions. As India’s solar capacity is set to quadruple to 293 GW by 2030, an electric vehicle’s emission is expected to be 30-63% lower than a gasoline counterpart’s. [Shailesh Chandra]
Interim Budget 2024: Govt to expand, strengthen EV ecosystem by supporting manufacturing & charging infrastructure
- February 01, 2024
Source: India Today
The government has announced that it will expand and strengthen the electric vehicle (EV) ecosystem in the country by supporting manufacturing and charging infrastructure. The government will also encourage the greater adoption of electric buses for public transport networks through a payment security mechanism.
Electric vehicles pilot launched for rural women entrepreneurs
- February 01, 2024
Source: Orissa Diary
Small Industries Development Bank of India (SIDBI) and Natural Resources Defense Council (NRDC), in collaboration with Self-Employed Women’s Association (SEWA) have launched a first-of-its-kind rural e-mobility demonstration pilot supporting women entrepreneurs. The pilot aims to increase transportation equity, improve air quality, and enhance rural livelihoods through the adoption of EVs.
Government announces an ambitious plan to bolster the electric vehicle (EV) ecosystem
- February 01, 2024
Source: Press Information Bureau
In a transformative move towards sustainable transportation, Union Minister for Finance & Corporate Affairs, Ms Nirmala Sitharaman announced an ambitious plan to bolster the electric vehicle (EV) ecosystem while presenting the Interim Budget 2024-25 in Parliament today. This strategic initiative focuses on both manufacturing and charging infrastructure, aiming to fortify and broaden the landscape for electric vehicles.
India's electric two-wheeler sales surge 34.42% in Q3 FY 24, anticipation high for FAME III scheme
- January 31, 2024
Source: The Economic Times
India's electric two-wheeler market has seen a significant sales increase in Q3 FY 24 compared to Q2 FY 24, indicating robust growth. There was an 11.16% year-on-year growth in Q3 FY 24 compared to the same period in the previous fiscal year (Q3 FY 23).