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E-rickshaws to two-wheelers: The shift in the share of electric vehicles

  • July 18, 2023

Source: The Hindu

The number of electric vehicles in India has surged from just 2400 a decade ago to over 27.4 lakh as of July 2023. However, given the concurrent rise in the number of non-electric vehicles, the overall share of electric vehicles has still not crossed the 1% mark. Notably, there is also a wide inter-State disparity in the penetration of electric vehicles.

Uttar Pradesh govt lays down norms for e-vehicle subsidy

  • July 16, 2023

Source: The Economic Times

The Uttar Pradesh government has laid out conditions concerning the subsidy available on the purchase of electric vehicles under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy, 2022. As per a government order (GO) issued by the principal secretary, customers who have purchased electric vehicles in the state after October 14, 2022, will have to apply on the portal to get a subsidy from the government. Read more at: https://economictimes.indiatimes.com/industry/renewables/up-govt-lays-down-norms-for-e-vehicle-subsidy/articleshow/101795920.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Electric two-wheeler firms cut on battery size after FAME subsidy reduced

  • July 16, 2023

Source: Business Standard

Electric two-wheeler (e2W) makers are focusing on reducing the cost of batteries in their vehicles to ensure volumes amid uncertainties around the government subsidy programme. Portfolio rejig may keep prices low for customers.

Chinese automaker BYD proposes $1 billion investment to produce EVs, batteries in India

  • July 14, 2023

Source: Business Today

BYD, a Chinese automaker and battery maker, has proposed a $1 billion investment in India to establish manufacturing facilities for electric vehicles and batteries. The investment would be made in partnership with a local company, and would create many jobs. The proposed investment is a sign of BYD's confidence in the Indian electric vehicle market, which is expected to grow rapidly in the coming years.

Promising signs of growth for electric vehicles in India: IEA

  • July 11, 2023

Source: ET Energy World

The International Energy Agency has said there are promising signs of growth for electric vehicles in emerging markets like India and Indonesia going forward, outside of the three major global markets including China, US and EU. The deployment of clean energy technologies had another record year in 2022, and the electric car markets witnessed unprecedented growth as sales exceeded 10 million units in 2022, with a total of 14 per cent of all new cars sold being electric – up from less than 5 per cent in 2020, according to IEA report "Critical Minerals Market Review 2023".

Kia India developing a mass-market electric vehicle for India that will debut in 2025

  • July 10, 2023

Source: The Telegraph

Kia India is developing a mass-market electric vehicle (EV) for India that will debut in 2025. While the vehicle will be engineered at the Kia Corporation headquarters in South Korea, there will be a significant contribution from our Indian R&D, according to Mr Hardeep Singh Brar, national marketing and sales head of Kia Motors India. Kia Corporation is developing 14 battery electric vehicles (BEVs)s with an investment of $20 billion by 2030.

Major EV shift plan in Kolkata by 2030, dip in carbon emissions likely by 2.8m tonnes

  • July 10, 2023

Source: The Times of India

A major portion of Kolkata’s automobile will shift to electric vehicles (EVs) over the next decade, according to the Kolkata Comprehensive Electric Mobility Plan, jointly prepared by the Asian Development Bank and Niti Ayog. Kolkata aims to achieve major EV penetration by 2030, resulting in a significant reduction in carbon dioxide emissions.

CoE for new mobility to come up in Hyderabad

  • July 06, 2023

Source: The Hindu

A centre of excellence (CoE) for new mobility focussed on connected, autonomous, secure and electric vehicles as part of a strategic collaboration between auto parts company Mobis India, Birla Institute of Technology & Science (BITS) Pilani Hyderabad and the Telangana government will be established in Hyderabad.

Green hydrogen R&D roadmap pitches for fuel cell technologies in long-range heavy vehicles

  • July 05, 2023

Source: The Hindu Business Line

The Ministry of New and Renewable Energy (MNRE) has released a draft R&D roadmap for the green hydrogen ecosystem in India, which stresses developing fuel cells for long-range travel, particularly in the road transport sector. The draft report emphasises combination of hydrogen fuel cells, advanced batteries, and supercapacitors that will be key technologies in the automobile sector in the coming years.

EV sales in India charge past 700,000 units in first six months of 2023

  • July 03, 2023

Source: Autocar Professional

Retail sales of electric vehicles in India have charged past the 700,000-unit mark in the first half of calendar year 2023. As of end-June 2023, as per Vahan data referenced on July 1, total sales were recorded at 721,971 units, which is already 73% of India EV Inc’s record sales in CY2022.