Media
Karnataka tweaks EV policy, to offer 15% capital subsidy to investors
- May 27, 2021
Source: The Economic Times
The Karnataka Cabinet has decided to give 15% capital subsidy to investors in the electric vehicle sector after the state came under immense pressure from a few states which offered apparently better sops. The Cabinet decided to amend its Karnataka Electric Vehicle & Storage Policy, 2017, to improve upon its existing policy.
Ford expects 40% of global sales to be electric vehicles by 2030
- May 26, 2021
Source: CNN
Ford is doubling down on electric vehicle development, announcing Wednesday it will invest $30 billion in electrification efforts by 2025. The automaker also pledged that 40% of its vehicles sold by 2030 will be electric. Ford had previously announced plans to spend $22 billion on electrification efforts and had recently revealed plans to build two new battery factories in a joint venture with Korean battery maker SK innovation.
Electric two-wheelers to contribute around 10 per cent new sales by 2025 in India
- May 26, 2021
Source: Times Now
The electric two and three-wheelers volume are expected to account for 8-10 percent and 30 percent of new vehicle sales in the country by 2025, respectively, owing to low operating cost and attractive subsidy support, among others, according to ratings agency ICRA. The penetration levels in cars and trucks, however, are likely to remain low in the medium-term, it said.
Cabinet approves Production Linked Incentive scheme “National Programme on Advanced Chemistry Cell Battery Storage”
- May 12, 2021
Source: Press Information Bureau
The Cabinet has approved the proposal of Department of Heavy Industry for implementation of the Production Linked Incentive Scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for achieving manufacturing capacity of 50 Giga Watt Hour (GWH) of ACC and 5 GWh of "Niche" ACC with an outlay of INR 18,100 crore. 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.
118 electric vehicle charging stations to dot Hyderabad
- May 11, 2021
Source: Telangana Today
To cater to the needs of increasing battery vehicles in Hyderabad, the Department of Heavy Industries is working on setting up 118 electric vehicle (EV) charging stations. Apart from Hyderabad, 10 EV charging stations each are also coming up in Warangal and Karimnagar taking the total EV charging stations to 138 in Telangana.
Mahindra sets up new mobility centre in UK with focus on electric vehicles
- May 06, 2021
Source: The Times of India
Mahindra Group has announced the setting up of Mahindra Advanced Design Europe (M.A.D.E) in the West Midlands, UK. The new Centre of Excellence (CoE), will be a part of the Mahindra Global Design Network that includes the Mahindra Design Studio in Mumbai, India, and Pininfarina Design in Turin, Italy.
Public outreach is key for electric vehicle adoption in India
- April 21, 2021
Source: CNBC TV18
Despite efforts from national and state governments in the last few years, EV market penetration is only 1 percent of India's total vehicle sales. There are many barriers to the slow uptake of electric vehicles like lack of charging infrastructure, vehicles' availability, high cost of financing, etc. TERI study identified the lack of awareness regarding EVs, their benefits, cost, and operation as one of the significant barriers affecting EV adoption in India.
India poised to be top EV manufacturing hub
- April 18, 2021
Source: Mint
With the cost of developing and operating electric vehicles (EVs) expected to decline substantially with a drop in prices of lithium-ion batteries, India is likely to become a leading hub for manufacturing EVs and EV components, said Mr Nitin Gadkari, Minister for Road Transport, Highways and MSMEs. The government is also focusing on other alternative technologies, such as hydrogen fuel cell-driven EVs, besides announcing a scrappage scheme to help boost manufacturing of EVs for exports.
Delhi to get 130 more electric vehicle charging bays in 45 days
- April 12, 2021
Source: Indian Express
Electric vehicle (EV) ride-hailing mobile app company BluSmart Mobility, which began operations in December 2019, will open its 130 fast-charging stations to the public in the 45 days, The Delhi government has reached out to firms across board to move fleets to electric vehicles, as well as help boost charging infrastructure across the city as part of the Electric Vehicle policy.
Rechargeable batteries for electric vehicles get IIT Guwahati boost
- April 07, 2021
Source: The Hindu
A team of researchers from the Indian Institute of Technology Guwahati has developed a technique of boosting the performance of rechargeable lithium-ion batteries used in electric vehicles (EVs). The advanced technique can precisely estimate the state of charge (SOC), one of the most important internal aspects of a battery. The SOC indicates the remaining charge that can be withdrawn from a battery before it gets fully discharged.