Media
Andhra Pradesh gets 250 EV charging stations, 100 more on cards
- April 21, 2023
Source: The Times of India
The New and Renewable Energy Development Corporation of Andhra Pradesh Ltd. has facilitated setting up of 250 electric charging stations in the state. The corporation is also planning another 100 charging stations in the coming year.
A breakthrough in EV battery tech
- April 20, 2023
Source: Business Standard
The rapid rise in the electric vehicle (EV) demand in the past two years has resulted in massive pressure on the battery supply chain. This makes it indispensable to diversify into newer battery technologies beyond lithium. Sodium-ion is a promising technology to complement lithium-ion batteries or even replace them in some cases. [Srihari Mulgund]
Volkswagen plans to invest in India, manufacture electric vehicles locally: Report
- April 19, 2023
Source: Business Today
Automaker Volkswagen is reportedly in the process of shoring up investments in India to manufacture electric vehicles (EVs). The German company is also planning capacity expansion in the country. Volkswagen is preparing to launch its first EV, ID.4, in 2024.
Uttar Pradesh on track to be first Indian state with 100% EVs in government departments
- April 19, 2023
Source: Hindustan Times
In a major push to promote sales and usage of electric vehicles (EVs) in the state of Uttar Pradesh, the state government has set a target and has taken action to convert vehicles used in all government departments into EVs in a phased manner by 2030.
SIDBI to give loans to MSMEs for buying electric vehicles; lend to NBFCs for EV financing
- April 16, 2023
Source: The Financial Express
MSMEs finding it difficult to access loans to purchase electric vehicles (EVs) for their day-to-day operations and commercial use will now be able to access credit directly from SIDBI, the principal financial institution for MSMEs in India. As per a pilot scheme Mission 50,000-EV4ECO announced under guidance from NITI Aayog, SIDBI has said that it will directly give loans to eligible MSMEs (including EV fleet operators, EV leasing companies and aggregators) to buy EVs including two-wheelers, three-wheelers and four-wheelers and also to develop charging infrastructure including battery swapping.
EV sales in India crosses the one million-unit milestone
- April 10, 2023
Source: Times Now
The industry registered an overall sales of 1,152,021 units, which includes e-buses, e-cars, e-three-wheelers, and e-two-wheelers, according to data from Society of Manufacturers of Electric Vehicles. This is a 58% spike in sales in FY22-23, compared to EV sales in FY21-22.
Tamil Nadu has INR 30,000-cr investment commitments in EV sector
- April 09, 2023
Source: The Hindu Business Line
Locations like Hosur and Krishnagiri in the Western region is emerging as EV manufacturing hub like the Sriperumbudur and Oragadam corridors. Tamil Nadu government is reported to have received commitments for INR 30,000 crore worth of investments in electric vehicle manufacturing and associated segments.
How lithium deposits can build India’s electric vehicle stack
- April 09, 2023
Source: Inc42
The Geological Survey of India’s recent announcement of a find of substantial amounts of lithium deposits in the Reasi district of Jammu is excellent news for India. For the country to own the entire stack for the future of EV mobility, and this lithium discovery in Jammu provides us with an excellent opportunity to help us achieve that.
Lithium price drop gives Indians hope for more affordably priced EVs
- April 08, 2023
Source: Construction World
Prices for lithium carbonate, the main ingredient in batteries, have significantly decreased over the past several months, giving industry participants hope that reasonably priced electric cars (EVs) could draw more consumers to the market.
1,400 private EV charging points set up in Delhi in 2022: Govt data
- April 08, 2023
Source: Hindustan Times
At least 1,400 private charging points have been set up across the city, mostly by housing societies, in the last year since Delhi’s charging/swapping infrastructure action plan 2022-25 was rolled out, according to the Delhi electric vehicle (EV) cell.