Media
EV battery manufacturing will require 2,400 acres of land by 2030: CBRE
- June 07, 2023
Source: Business Standard
CBRE South Asia Pvt Limited announced that real estate requirements for manufacturing electric vehicles (EV) batteries are estimated to reach 2,400 acres by 2030 as a result of the government's EV adoption targets. The report titled ‘Electric Vehicles in India – New Wheels on the Roads’, points out that Uttar Pradesh and Maharashtra are the leading states in charging infrastructure manufacturing. Maharashtra has the highest count of sanctioned EV chargers with 317 chargers, followed by Gujarat with 278 EV chargers.
MeitY transfers cost-effective Li-ion battery recycling to 9 recycling companies, startups
- June 04, 2023
Source: ET Auto
The Ministry of Electronics and Information Technology (MeitY) has transferred the cost-effective Li-ion battery recycling technology to nine recycling companies and start-ups as part of Mission LiFE under 'Promote circularity campaign'. MeitY had developed this technology under the 'Centre of Excellence on E-Waste Management' set up at the Centre for Material for Electronics Technology (C-MET), Hyderabad, in collaboration with the Government of Telangana along with industry partner, Greenko Energies, Hyderabad.
Tata Group to set up ₹13,000 crore lithium-ion battery giga factory in Gujarat
- June 02, 2023
Source: Mint
Tata Group plans to invest INR 13,000 crore in setting up a lithium-ion cell manufacturing factory in Gujarat. The plant will have an initial capacity of 20 GWh. The manufacturing capacity is expected to double in the second phase. A Memorandum of Understanding (MoU) has been inked between Tata Group-backed subsidiary Agratas Energy Storage Solution and Gujarat Government.
Global EV market reaches 11 million units in 2022, China's BYD leads
- May 28, 2023
Source: Business Standard
The global electric vehicle (EV) market reached 11 million units last year with a penetration rate of 14 per cent, as more countries double down on electrification, connection, autonomous driving. The top three players worldwide -- China's BYD, Tesla and SAIC-GM Wuling -- occupied 36.11 per cent of the market in 2022, according to the IDC.
Himachal government plans to encourage EV use to become Green Energy State by March 2026
- May 23, 2023
Source: The Week
During a review meeting the state's Chief Minister has stressed the importance of identifying suitable locations for charging stations along the proposed three Green Corridors Highways in Himachal Pradesh. These highways include Parwanoo-Nalagarh-Una-Hamirpur-Sansarpur Terrace and Bilaspur-Hamirpur-Kangra, and Mandi-Dharamshala-Kangra.
The role of private companies and startups in the growth of the EV market in India
- May 23, 2023
Source: The Financial Express
Tata Motors is a leader in the EV space in India. While big companies are making some huge bets on EVs, startups are no less behind them. According to Fortune Business Insights, the Indian electric vehicle is expected to grow from $3.21 billion in 2022 to $113.99 billion by 2029 at a CAGR of 66.52%.
Electric cars more harmful than conventional, hybrid cars: Study
- May 23, 2023
Source: India Today
A recent IIT Kanpur study suggested that electric vehicles are doing more harm to the environment. Battery Electric Cars (BEVs) emit 15-50 per cent more greenhouse gases in different categories than other vehicles, according to the study. The manufacturing, use and scrapping of electric cars is producing 15 to 50 per cent more greenhouse gases (GHGs) than hybrid and conventional engine cars, according to the report by IIT Kanpur's Engine Research Lab.
15 EV charging stations operational, more to be set up in Pune, Pimpri Chinchwad
- May 23, 2023
Source: Indian Express
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) is planning to set up more charging stations for electric vehicles in Pune, Pimpri Chinchwad, and along the national highways. At present, 15 charging stations are operational under Pune zone. MSEDCL is the state nodal agency for providing electric vehicle charging facilities under the e-vehicle policy.
Government reduces FAME-II subsidy on electric two-wheelers from June 1
- May 22, 2023
Source: Business Standard
The government has reduced the subsidy provided under FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme applicable on electric two-wheelers registered on or after June 1. For electric two-wheelers, the demand incentive will be Rs 10,000 per kWh. The cap on incentives for electric two-wheelers will be 15 per cent of the ex-factory price of vehicles from 40 per cent at present.
India ripe target for EV companies but domestic take up slow: Report
- May 15, 2023
Source: The Economic Times
Despite being the third-largest auto market in the world, no Indian company is likely to achieve a meaningful global share of electric vehicles in the near future, warns a report by S&P Global Ratings. Asia is set to keep its place as the world's biggest producer of, and market for EVs, EV batteries, and EV battery materials and the continent will be at the centre of the EV era.