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Indian company to set up first-ever EV battery recycling plant in UAE: Targets 3,000 tons of Li-ion batteries

  • December 11, 2023

Source: The Times of India

Lohum Cleantech has reached an agreement with the UAE Ministry of Energy & Infrastructure and BEEAH to set up UAE’s first-ever EV battery recycling plant. As part of the agreement, UAE will be utilizing Lohum’s recycling technology in achieving responsible battery waste management in the country and globally.

EV Adoption – Time to up the ante

  • December 11, 2023

Source: ET Auto

It is now important that initiatives and efforts at the city-level are given adequate focus. TERI conducted a city-level readiness and capacity needs analysis on EV planning and deployment action chains. [Sharif Qamar, TERI]

Decarbonization of transport sector essential to reduce GHG emissions, achieve net-zero emissions by 2070: Union Environment Minister Shri Bhupender Yadav

  • December 09, 2023

Source: Press Information Bureau

Decarbonization of the transport sector is essential to reduce the Greenhouse Gas (GHG) emissions and to meet the ambitious target of achieving net-zero emissions by 2070 set by Government of India, Union Minister for Environment, Forest and Climate Change, Mr Bhupender Yadav said. The Minister was speaking at a side event on India- US “Payment Security Mechanism (PSM)” for e buses in India. To achieve the goal of net zero emissions, the adoption of electric vehicles (EVs) plays a crucial role and given that buses serve the mass public, prioritizing electric buses is essential as a significant mode for decarbonizing the transport sector, the Minister went on to add.

Subsidy amounting to INR 5,228 crore given to electric vehicle manufactures on sale of 11,53,079 electric vehicles till December 1, 2023

  • December 05, 2023

Source: Press Information Bureau

The Ministry of Heavy Industries (MHI) formulated Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) Scheme for a period of five years commencing from April 1, 2019 with a total budgetary support of INR 10,000 crore. Further, MHI sanctioned 6862 electric buses to various cities/STUs/State Government entities for intracity operations. Out of 6862 e-buses, 3487 e-buses have been supplied to STUs as on November 29, 2023.

Steps taken by the Government to boost domestic manufacturing of electric vehicles and to reduce the country’s dependence on imports

  • December 05, 2023

Source: Press Information Bureau

Government has approved the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry in India to boost domestic manufacturing of Advanced Automotive Technology products and attract investments in the automotive manufacturing value chain with a budgetary outlay of INR 25,938 crores over a period of five years.

Government to pump in additional INR 1500 crore for FAME-II subsidy scheme

  • December 03, 2023

Source: Business Standard

The Centre has sanctioned an additional INR 1500 crore for the second phase of the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) programme. This infusion addresses the fears that the allocated funds could run out before the scheme’s deadline in March 2024 due to robust electric vehicle (EV) sales.

Climate TRACE unveils open emissions database of more than 352 million assets, revealing where greenhouse gases are rising and falling worldwide with unprecedented detail

  • December 03, 2023

Source: IT News Online/PR Newswire

The Climate TRACE inventory includes every country and territory in the world, every major sector of the global economy, and nearly every major source of greenhouse gas emissions. Major electric vehicle manufacturers Tesla and Polestar have already begun collaborating with Climate TRACE to enhance their emissions data on steel and aluminum suppliers.

Decarbonising mobility: Delhi Government notifies motor vehicle aggregator scheme

  • November 30, 2023

Source: The Hindu Business Line

The Delhi government has notified the Motor Vehicle Aggregator and Delivery Service Provider Scheme mandating clear guidelines for transition of commercial vehicles to electric (EVs) along with standards for service quality and public safety. The scheme sets the stage for comprehensive regulation and licensing of aggregators providing passenger transport services and delivery service providers. By 2030, the commercial vehicle fleets of all aggregators, delivery service providers and e-commerce entities in Delhi will go electric in phases.

Premium Indian two-wheeler EV companies eye global foray for growth

  • November 28, 2023

Source: The Economic Times

Premium Indian electric two-wheeler makers are accelerating their expansion into international markets in search of growth, even as domestic sales recover from reduced FAME II subsidies, as they look to capitalize on a rapidly growing market for electric vehicles.

E-buses expected to account for 11-13% of new bus sales by FY25: Report

  • November 27, 2023

Source: The Hindu Business Line

Electric buses are expected to account for up to 13 per cent of new bus sales by FY2025, according to rating agency ICRA. Many State Electric Vehicle (EV) policies have announced specific targets and timelines for e-bus adoption, thereby creating a road map for electrification, it noted. With significant operational savings vis-à-vis conventional diesel buses, ICRA said it expects the demand for e-buses to continue to rise.