Media
EV charging station market to reach USD 93 billion by 2027: Report
- August 18, 2021
Source: The Economic Times
The global Electric Vehicle Charging Station (EVCS) market has been fuelled by increasing demand for electric vehicles around the world, a growing awareness of environmental conservation and carbon emission reduction. The sector has seen a substantial increase in the number of participants investing across the supply chain as different firms aim to set up improvised company plans and procedures, says a recent report by Astute Analytica.
Mahindra World City, EVRE ink pact to get 1,500-acre commercial township electric vehicle ready
- August 15, 2021
Source: The Economic Times
Mahindra World City, Chennai has entered into a partnership with electric vehicle (EV) charging and battery swapping solutions provider EVRE to enable EV-readiness for the country's first public-private partnership (PPP) commercial integrated township spread over 1,500 acres.
MoRTH amends two schemes to boost battery-operated vehicles
- August 11, 2021
Source: The Economic Times
The Ministry of Road Transport and Highways (MoRTH) has amended two schemes to facilitate the operation of battery-operated and methanol and ethanol-driven vehicles. In the Rent-a-Cab Scheme, 1989, in paragraph 1, in clause (3), after the words and figures ―section 88 of the Act, the following shall be inserted, namely: - ―and the battery operated motor cabs and motor cabs driven on methanol and ethanol exempted from the provisions of section 66 of the Act," the MoRTH said in notification issued on August 5.
1,04,806 electric vehicles registered in 2021; 5,17,322 over last three years: Centre
- August 10, 2021
Source: Business Today
The Ministry of Heavy Industries has announced that 1,04,806 electric vehicles (EVs) have been registered in the country during 2021 (till July 19). The Ministry added that a total of 5,17,322 electric vehicles have been registered in the country over the last three years as per the e-vahan portal.
IIT-Madras readies first indigenous motors for e-rickshaws
- August 06, 2021
Source: The Times of India
India’s thrust for electric vehicles got a leg up with an unit inside IIT Madras developing motors and sub-assemblies indigenously and signing agreements with manufacturers for commercial usage. The first of the motors with design details will be delivered on August 15. The Centre for Battery Engineering and Electric Vehicles Research has developed a range of motors and sub-assemblies for commercial deployment.
Electric vehicles to be exempted from registration certificate fees in India: MoRTH
- August 04, 2021
Source: News18
The Ministry of Road Transport and Highways (MoRTH) has issued a notification to exempt battery-operated vehicles from the payment of fees for issue or renewal of registration certificate. In a statement, the ministry said it has also exempted battery-operated vehicles from the payment of fees for the assignment of new registration marks.
Indian EV industry records INR 25,045 crore investments in last seven months
- August 02, 2021
Source: ET Auto
Collective investment done by e2W, e4W, EV component makers, electric commercial vehicles, and last-mile delivery companies was recorded at INR 25,045.31 crores during January-July 2021. According to a study conducted by the CEEW Centre for Energy Finance (CEEW-CEF), the EV market in India will be worth USD 206 billion by 2030 if India maintains steady progress to its 2030 target. This would necessarily entail an investment of over USD 180 billion in vehicle manufacturing and charging infrastructure.
Ashok Leyland to transfer complete electric vehicles business to new arm Switch Mobility
- July 28, 2021
Source: The Economic Times
Commercial vehicles major Ashok Leyland is consolidating the entire electric vehicles (EV) business of the group, including UK-subsidiary Optare into a new company called Switch Mobility. The new company will be launching an electric van in India by the end of this year and it will be aimed at commercial vehicle fleet operators.
One of the biggest myths about EVs is busted in new study
- July 21, 2021
Source: The Verge
A new study published by International Council on Clean Transportation (ICCT) lays to rest the tired argument that electric vehicles aren’t much cleaner than internal combustion vehicles. Over the life cycle of an EV — from digging up the materials needed to build it to eventually laying the car to rest — it will release fewer greenhouse gas emissions than a gas-powered car, the research found.
Maharashtra EV policy to accelerate electric vehicle adoption
- July 15, 2021
Source: Express Drives
The policy has set a target of having 10% of new vehicle registered to be electric by 2025, electrification of 25% of public transport and last-mile delivery by the same year. The automotive industry expects the new Maharashtra Electric Vehicle policy to accelerate adoption of electric vehicles and help in developing the charging infrastructure.