Media
Andhra Pradesh lays out plan to introduce 10 lakh EVs by 2024
- December 10, 2020
Source: HT Auto
Andhra Pradesh plans to attract an investment of INR 30,000 crore and create 60,000 jobs in the electric vehicles (EVs) manufacturing sector, even as the state government laid out a plan to introduce 10 lakh EVs by 2024. The state said it planned to develop a holistic research and development ecosystem, together with manufacturing units, to propel EV growth in the Andhra. A Centre for Advanced Automotive Research, in collaboration with organisations like ISRO, IISER and IITs, to foster advance research in chemical, mechanical, electrical and electronics engineering will soon be set up to drive the new EV policy.
INR 12.5 lakh crore investment needed to realise India’s 2030 electric vehicles targets, says study
- December 08, 2020
Source: Hindustan Times
Indian electric vehicle (EV) market could be worth around INR 14.42 lakh crore if the country were to achieve its 2030 EV ambitions but would need cumulative investment of about INR 12.5 lakh crore for the same, according to a study by CEEW Centre for Energy Finance. The study also said realising India’s EV ambition would require an estimated annual battery capacity of 158 GWh by FY30, thereby presenting a massive market opportunity for domestic manufacturers.
Electric vehicles a $206 billion opportunity for India by 2030
- December 08, 2020
Source: Business Today
India’s 2030 electric vehicle ambition and targets would present a market opportunity worth nearly $206 billion (INR 14,42,000 crore) in the course of this decade, says an independent study released today by the CEEW Centre for Energy Finance (CEEW-CEF). The study also estimates a cumulative investment need of over $180 billion (INR 12,50,000 crore) in vehicle production and charging infrastructure until 2030 to meet India's EV ambition.
EU to target 30 million electric cars by 2030
- December 07, 2020
Source: Euractiv
The European Union (EU) will aim to have at least 30 million zero-emission vehicles on its roads by 2030, as it seeks to steer countries away from fossil fuel-based transport, according to a draft EU document. It is a huge step up from the 1.8 million electric and plug-in hybrid vehicles registered in Europe at the end of last year, according to the International Council on Clean Transportation, especially as hybrids are not zero-emission vehicles.
Ather Energy launches its electric scooter 450X in 16 additional Indian cities
- December 07, 2020
Source: ET Energyworld
Electric two-wheeler startup Ather Energyhas launched the electric scooter in Mysore, Hubli, Jaipur, Indore, Panaji, Bhubaneshwar, Nasik, Surat, Chandigarh, Vijayawada, Visakhapatnam, Guwahati, Nagpur, Noida, Lucknow and Siliguri. The Hero MotoCorp-backed startup currently has presence in 11 locations across the country. Ather Energy is now fast tracking its plans to meet the national demand for the vehicle and by the first quarter of 2021
A route map for our country to attain a future of clean mobility: Amitabh Kant
- December 07, 2020
Source: Livemint
The world is at the cusp of a mobility revolution, one in which vehicles will be shared, connected, and have zero emissions. Rapid technological evolution is driving this shift in transportation around world. In a country like India, more than 80% of the vehicles sold are two- and three-wheelers, which when combined with buses are the preferred mode of travel of a majority of the people.
Japan plans to phase out petrol, diesel cars by mid-2030s
- December 03, 2020
Source: Livemint
All new vehicles sold in Japan by the mid-2030s will be hybrid or electric as the government begins to unveil concrete steps for reaching its goal of becoming carbon neutral by 2050. A new vehicle market consisting of only hybrid and electric automobiles would be a significant shift, given they only make up about 29% of Japan’s 5.2 million new motor vehicle registrations, according to Japan’s Automobile Manufacturers Association.
Battery costs fall, make electric vehicles cheaper: BMI
- December 03, 2020
Source: The Times of India
The cost of battery cells used for electric vehicles has fallen to an average of $110 per kilowatt hour (kWh), making such cars competitive with those using internal combustion engines (ICE), according to Benchmark Mineral Intelligence (BMI). One barrier to a higher take up of electric vehicles has been the high cost of producing the lithium-ion rechargeable batteries, which according to BMI averaged $120 per kWh last year and $280 per kWh in 2014.
Tata Nexon EV crosses 2000 sales milestone
- December 03, 2020
Source: Tata Motors
Tata Nexon EV, has surpassed the 2000 sales milestone. In over 10 months, since launch, the sales of the Nexon EV reached 2200 units as of November 2020, indicating the rapid demand for the EVs in the personal car segment. After rolling out its 1000th Nexon EV in August this year, the car clocked in another 1000 sales units in a record time of 3 months (Sept-Nov 2020).
Delhi Government to cover Ecycles under EV Policy, announces 25% subsidy
- November 30, 2020
Source: Inc42
Delhi government’s Electric Vehicles policy will now include the promotion of ecycles. The decision is being taken as part of the government’s draft proposal under the Delhi Electric Vehicle Policy 2020, which was notified in August 2020. Besides offering subsidies of up to INR 30K on two-wheelers and up to INR 1.5 lakh for cars, the government plans to subsidise 25% of the cost of the cycle. This is an amount of INR 5.5K alongside a fixed additional incentive of INR 2,000 will be offered for the first 10K ecycles sold.