Media
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.
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.
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.
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.
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.
Centre sanctions INR 800 crore under FAME II for fast charging stations
- March 28, 2023
Source: Entrepreneur India
The EV charging stations from OMCs would be of the CCS-II type with a capacity of 50 KW and above, offering efficient and fast charging for EV owners, especially for those looking for on-the-go top-up charging. The ministery for heavy industries have announced the sanction of INR 800 crore under FAME India Scheme Phase II to the state-owned oil marketing companies (OMC) - Indian Oil Corporation, Bharat Petroleum Corporation Ltd., and Hindustan Petroleum Corporation Ltd. - for setting up 7432 public fast charging stations across the country.
US, Japan reach agreement on vital minerals for electric vehicle batteries
- March 28, 2023
Source: Business Standard
Japan and the United States have reached an agreement on trade in critical minerals for electric vehicle batteries, part of an effort to diversify supply chains and reduce reliance on China for strategically important resources. The deal is expected to help electric vehicles using metals processed in Japan qualify for tax incentives under US's Inflation Reduction Act.
Centre sanctions INR 800 crores under FAME Scheme Phase II for 7432 public fast charging stations
- March 28, 2023
Source: Press Information Bureau
These EV charging stations from OMCs will be of the CCS-II type with a capacity of 50 KW and above, offering efficient and fast charging for EV owners, especially for those looking for on-the-go top-up charging. The Committee headed by DG BEE recommended certain changes to improve the viability of the development of public charging infrastructure. It includes supporting the upstream infrastructure (such as distribution transformer, LT & HT cables, AC distribution boxes, circuit breakers/isolators, protection equipment, tubular or PCC mounting structures, fencing and civil work) which generally cost up to 60% of overall cost for setting up a Public EV charging station.