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Government announces Rs 500 crore e-mobility scheme to promote electric vehicles

  • March 13, 2024

Source: Business Standard

The Ministry of Heavy Industries has announced a new scheme to promote e-mobility in the country with an outlay of Rs 500 crore for four months beginning April 2024. The scheme will be for four months till July 2024. Under the scheme, a support of Rs 10,000 per 2-wheeler will be provided.

Ministry of Heavy Industries announces Electric Mobility Promotion Scheme 2024

  • March 13, 2024

Source: Press Information Bureau

Electric Mobility Promotion Scheme 2024 (EMPS 2024) scheme is being introduced by Ministry of Heavy Industries, Government of India with the approval of Department of Expenditure, Ministry of Finance to further accelerate the adoption of EVs in the country. This is a fund limited scheme with a total outlay of INR 500 crore for the period of 4 months -- 1 April 2024 till 31 July 2024 -- for faster adoption of electric two-wheeler (e-2W) and three-wheeler (e-3W) to provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing eco-system in the country.

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.

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.