Media
Annual EV sales in India surpassed 1.2 million in FY 2023
- May 11, 2023
Source: PV Magazine
Uttar Pradesh led the yearly electric vehicle sales with a 15.15% share of the cumulative 1.2 million units sold in FY 2022-23. It was followed by Maharashtra (12.72%) and Karnataka (9.14%). Annual EV sales in India crossed 1.2 million in FY2023, a 174% increase year-on-year. Electric two-wheelers accounted for more than 60% of the overall units sold.
Electric vehicle sales leapt 55% in 2022 - here's where that growth was strongest
- May 11, 2023
Source: World Economic Forum
The fastest growing markets last year were Indonesia, India and New Zealand. India experienced sales growth of 223% and New Zealand recorded a 151% increase in sales compared to 2021.
More lithium for EVs: after J&K, new reserves found in Rajasthan
- May 08, 2023
Source: Inc42
As per officials, the quantity of lithium in Degana is higher than in Jammu & Kashmir and can cater to 80% of the country's demand. Lithium is one of the major elements for lithium-ion batteries used in EVs, however, India is currently dependent on its imports in the absence of local supply.
Focus on EV sector to help TN reach $1-trillion economy target: Report
- May 02, 2023
Source: The Financial Express
Stepping up focus on the electric vehicle sector will help Tamil Nadu achieve its target of becoming a $1-trillion economy by 2030-2031, according to a latest Ficci -Deloitte report. The report, “Towards One Trillion: Accelerating Tamil Nadu’s Progress to Become a Trillion-Dollar Economy”, highlights that given the need to become a global leader in EV automobiles, the focus today needs to be on the well-established automotive cluster in the Chennai-Kancheepuram-Chengalpattu-Tiruvallur corridor besides utilising the existing auto-manufacturing infrastructure and industry presence.
Centre extends EV battery safety certification deadline by 6 months
- April 30, 2023
Source: Business Standard
The Centre has extended by six months the deadline to obtain the mandatory electric vehicle (EV) battery safety test certification from the ministry of heavy industries. The certification was compulsory for manufacturers from April 1, 2023, if they wanted subsidies under various EV-promotion schemes.
Demand for electric cars is booming, with sales expected to leap 35% this year after a record-breaking 2022
- April 26, 2023
Source: International Energy Agency
The new edition of the IEA’s annual Global Electric Vehicle Outlook shows that more than 10 million electric cars were sold worldwide in 2022 and that sales are expected to grow by another 35% this year to reach 14 million. This explosive growth means electric cars’ share of the overall car market has risen from around 4% in 2020 to 14% in 2022 and is set to increase further to 18% this year, based on the latest IEA projections.
Odisha enhances subsidy on purchase of electric vehicles
- April 24, 2023
Source: Odishatv
The Odisha Electric Vehicle Policy, 2021 was implemented on September 1, 2021, and based on the experience and best practices across the country; the state government has decided to enhance the subsidy. This will make the policy more progressive and help the State achieve the desired objective and encourage the public to purchase electric vehicles.
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.