Media
Telangana receives the state’s first Plug-and-play EV Park
- June 23, 2022
Source: The Financial Express
The state’s first plug-and-play EV Park and Two and Three-Wheeler Electric vehicles, produced by Vayu Motors and Zero 21, was launched recently. The EV Park has an incubation centre for EV startups that can leverage MG’s manufacturing capabilities and infrastructure.
BIS issues performance standards for EV batteries amid safety concerns
- June 23, 2022
Source: Business Standard
The Bureau of Indian Standards (BIS) has come out with performance standards for electric vehicle batteries in order to ensure the safety of consumers. The standard "IS 17855: 2022" has been formulated for lithium-ion traction battery packs and systems of electrically-propelled road vehicles and it has been harmonized with ISO 12405-4: 2018.
30% of vehicles sold in India by end of decade will be electric: Report
- June 17, 2022
Source: The Economic Times
Almost a third of the vehicles sold in India by 2030 will be electric led by two- and three-wheelers but the penetration of electric in the car segment will remain low, according to a report from Arthur D Little. The total sales of electric vehicles (EV) by 2030 are expected to cross the 10- million-units mark, the report further said. With that, nearly one in every 10 EVs sold worldwide will be sold in India.
Domestic EV industry to see 10 mn vehicle sales by 2030: Study
- June 16, 2022
Source: The Economic Times
The domestic electric vehicle industry will cross sales of 10 million vehicles by 2030, with an overall adoption rate of more than 30 per cent across different vehicle categories, says a study. According to a study by Arthur D Little, EV adoption for passenger vehicles is likely to be just 10 per cent by the end of the period, amounting to a strikingly small 5 per cent of total EV sales.
BIS establishes performance standards for EV batteries in India
- June 10, 2022
Source: The Economic Times
The need for these standards arose after a spate of fires in two-wheeler EVs which also led to loss of lives. Batteries for vehicles that fall under the L (Mopeds, Motorcycles, Motor Tricycles and Quadricycles), M (passenger vehicles having at least four wheels), and N (goods carrying vehicles having at least four wheels) will be covered under these safety standards.
Volkswagen plans to sell first electric car in India in 2023
- June 10, 2022
Source: ET Auto
Volkswagen AG is looking to sell its first electric car, the ID.4 sports utility vehicle, in India in limited quantities next year as the South Asian nation pushes for faster adoption of cleaner vehicles. Volkswagen is expecting to start local assembly of its electric cars in India around 2025 or 2027.
Karnataka government launches electric vehicle awareness portal
- June 09, 2022
Source: The Times of India
Promoting the use of electric vehicles (EVs) in Bengaluru and providing citizens with all information related to buying and use of EVs, the state government in collaboration with NITI Aayog and the United Kingdom unveiled a web portal ‘EV Jagruthi’. The `EV Jagruthi’ portal (www.evkarnataka.co.in) will provide citizens with state-specific information pertaining to e-mobility besides assisting the general public in switching over to EVs by providing insight into incentives, support mechanisms and e-mobility initiatives.
IIT Madras researchers develop new kind of battery technology for electric cars
- June 02, 2022
Source: India Today
IIT Madras researchers are developing a new kind of battery technology for electric cars. Instead of lithium-ion batteries currently used in EVs, they are developing mechanically-rechargeable zinc-air batteries. The researchers, who have filed for patents for this new battery technology, are collaborating with major industries to develop these zinc-air batteries.
Lithium prices surged by nearly 500% in a year, posing threat to EV growth
- May 30, 2022
Source: HT Auto
Lithium price has increased by around 500 per cent in just one year, according to a Bloomberg report. With this massive surge in lithium price, the growth of electric vehicles is facing a threat, eventually threatening the clean air movement. This comes at a time when other components used in battery production have been impacted due to the war between Russia and Ukraine.
The price of key battery metals used in electric vehicle production is expected to fall in coming years
- May 29, 2022
Source: Business Insider
The price of battery metals used in the production of electric vehicles is expected to drop in the coming years, according to Goldman Sachs. As reported by Bloomberg, analysts say they expect the cost of cobalt, lithium, and nickel to decline in the next two years in response to over-investment in green energy ventures. Market corrections will drive down prices for the abundant supply of the metals, with lithium anticipated to experience the greatest adjustment.