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Hero Electric to set up Rs 1200 crore electric vehicle manufacturing plant in Rajasthan

  • September 26, 2022

Source: Business Today

Two-wheeler maker Hero Electric will set up a mega electric vehicle (EV) manufacturing plant with an investment of Rs 1200 crore in Rajasthan. The proposed unit will be located in Salarpur industrial region in the Alwar district. The production is expected to start by the end of 2023.

Volvo Car India aims to sell 1,000 EVs in 2023

  • September 23, 2022

Source: The Economic Times

Volvo Cars is aiming to sell 900-1000 luxury electric vehicles in 2023, as demand for zero-emission vehicles increases in India. Globally, Volvo is aiming to be fully electric by 2030, and has plans to make EVs to account for at least half its sales volume by 2025. Malhotra, however, set a steeper target for its India business: 80% of sales from EVs by 2025.

Chandigarh to phase out fuel-based vehicles

  • September 21, 2022

Source: Indian Express

Declaring itself a model electric vehicles (EV) city, the Chandigarh administration, while notifying the EV policy, stated that within two years from now, they will entirely stop the registrations of petrol-based two wheelers. The administration havs approved the policy to make UT a ‘Model EV City’ with highest zero emission vehicles (ZEV) among Indian cities, in five years. The policy comes into force with immediate effect.

India, World Bank looking to spur lending for electric vehicles

  • September 21, 2022

Source: ET Energy World

Government of India and the World Bank are in talks to introduce a risk-sharing mechanism to compensate banks giving loans for electric vehicle purchases, an official said, as the country seeks to decarbonize the transport sector. The risk instrument will help banks hedge against loan defaults and cut the cost of financing EVs.

E-Mobility becomes easier as Tata Power creates pan India EV charging infrastructure

  • September 21, 2022

Source: News18

Tata Power has joined hands with News18 Network to launch ‘Sustainable is Attainable’ - An Initiative to fast-track India’s GreenEnergy transition by raising mass awareness about green technologies, clean energy and sustainable lifestyles for the common man via wide-scale adoption of green products and solutions.

Delhi government to install over 5000 kerbside EV chargers on all major roads

  • September 20, 2022

Source: The Times of India

The Delhi government is working to set up over 5000 kerbside EV charging points on all major roads in the coming 3 years. Kerbside charging is an emerging concept globally in which electric vehicles can be charged while being parked on roadside kerbs with charging stations or either using streetlight lamp posts.

Delhi government launches open database for EV charging

  • September 14, 2022

Source: The New Indian

Delhi government has launched an Open Database Facility for electric vehicle (EV) charging and battery swapping stations on its Switch Delhi portal for electric vehicles in Delhi. This will enable people to now use their favourite apps to locate more than 2500 charging points and battery swapping stations across Delhi. This number is expected to reach 18,000 by 2025.

Electrifying Indian mobility: Upward journey appears to have begun

  • September 12, 2022

Source: The Hindu Business Line

Decarbonising the transportation sector is critical in achieving India’s CO2 reduction goals because the transport sector is the third most CO2-emitting sector. Road transport (vehicles carrying passengers and goods) accounts for more than 90 per cent of the total CO2 and NOx emissions.

Odisha government to hire electric vehicle for official use

  • September 08, 2022

Source: ET Auto

In a move to protect the environment from air pollution, the Odisha government has initiated steps to hire electric vehicles for its use in different government offices. The transport department has been asked to fix the prices considering all the relevant parameters like cost of different categories of vehicles that have come to market, maximum ceiling for monthly running of EVs, battery replacement, charging cost and other costs if any.

EV financiers launch association, EMFAI, to expedite electric vehicle adoption

  • September 07, 2022

Source: ET Auto

The non-governmental Electric Mobility Financiers Association of India aims to ensure faster EV adoption in the country by focusing on the financing of EVs and other products and services relevant to the ecosystem. The mission of the association is to enable fast adoption of electric mobility, shape policies and guidelines, and mitigate risks associated with electric mobility, Revfin Services Private Limited, a digital consumer lending platform that provides loans for electric vehicles.