Media
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]
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.
Tamil Nadu to have own vehicle scrappage policy soon
- November 22, 2023
Source: The New Indian Express
The Tamil Nadu government is coming out with its own vehicle scrappage policy which will not thrust upon people to adopt electric vehicles and would be a role model for the country. The state Industries Minister said that the policy, which is in the discussion stage, will be inclusive and would cater to all categories of people by offering subsidies to the poor to join the green energy transition.
Tesla to start shipping EVs to India from next year, plant set up also in progress
- November 21, 2023
Source: The Mobile Indian
Tesla, the world’s leading electric vehicle (EV) manufacturer, is set to enter India with a dual strategy of importing cars and setting up a local plant. Tesla is exploring Gujarat, Maharashtra, and Tamil Nadu as possible sites for its manufacturing plant, as these states have well-developed electric vehicle ecosystems and export facilities.
Tamil Nadu to get INR 50,000 cr investments in EV sector by 2025: Minister
- November 21, 2023
Source: Business Standard
Tamil Nadu will by 2025 get around INR 50,000 crore as investments in the electric vehicle (EV) sector, generating around 150,000 jobs, said a senior state minister. The investments will help the state in achieving its sustainable development goals.
India’s inclusive incentive scheme for electric vehicle manufacturing
- November 21, 2023
Source: Manufacturing Today
The Department for Promotion of Industry and Internal Trade is actively involved in intensive discussions at a high level to formulate a scheme aiming to provide subsidies to manufacturers of electric four-wheelers. The focus on local manufacturing not only aims to attract foreign investment but also anticipates benefits such as increased employment opportunities and a reduction in overall car prices.