Media
Changes likely in India's new EV policy, may benefit legacy car companies
- July 08, 2024
Source: The Economic Times
India is likely to make changes to its new electric vehicle (EV) policy to incentivise automakers that have already made investments in the country. The policy, which aims to accelerate the local manufacturing of high-end electric cars, currently supports only fresh investments.
Electric vehicle registrations in India grew by 16% in H1 2024, with a positive outlook for future growth
- July 07, 2024
Source: The Hindu Business Line
According to Vahan data, which tracks vehicle registrations in the country, 8,42,396 electric vehicles were registered between January and June 2024. Electric vehicle registrations in India witnessed a 16 per cent growth in H1 in 2024 year-on-year.
Policy and market synergy required for EV sector to thrive
- July 05, 2024
Source: Deccan Herald
The Indian electric vehicle (EV) ecosystem anticipates the rollout of the third phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME), which has in the previous phases along with state government policies steered the EV uptake.
BIS introduces new safety standards for EVs in India
- June 23, 2024
Source: The Economic Times
The Bureau of Indian Standards (BIS) introduced two new guidelines aimed at enhancing the safety of electric vehicles in the L, M, and N categories. These new sets of rules, called IS 18590: 2024 and IS 18606: 2024, focus on the main parts of electric cars, buses, and trucks, especially the powertrain (which includes parts like the motor and transmission).
Bureau of Indian Standards introduces two new standards to enhance safety and quality of electric vehicles in India
- June 22, 2024
Source: Press Information Bureau
The Bureau of Indian Standards (BIS) has introduced two new standards, IS 18590: 2024 and IS 18606: 2024, aimed at enhancing the safety of electric vehicles in the L, M, and N categories. These standards focus on the critical component of electric vehicles—the powertrain—ensuring it meets stringent safety requirements. Additionally, they emphasize the safety and performance of batteries, ensuring they are both powerful and secure.
Indian Oil and Sun Mobility form JV to expand battery swapping network in India
- June 06, 2024
Source: EV Reporter
The joint venture plans to expand to over 10,000 battery swapping stations across 40+ cities in next three years and aims to to establish and deploy one of the largest battery swapping infrastructure networks by 2030.
New IEA online tool compares lifecycle emissions from traditional and electric cars
- June 05, 2024
Source: IEA
The IEA has released a new interactive tool that allows users to explore the greenhouse gas emissions of passenger cars with different powertrains – battery electric, conventional and plug-in hybrid. The calculator takes into account the entire lifecycle of the cars – from raw materials and mining to production and end-use – to provide a precise estimate of the direct and indirect emissions of different types of vehicles.
NSE Indices launches India’s first Electric Vehicle Index
- May 30, 2024
Source: Mint
The Nifty EV & New Age Automotive Index is designed to monitor the performance of businesses within the electric vehicle (EV) sector and those engaged in the advancement of new-age automotive vehicles and associated technology. The index aims to track the performance of companies which form a part of the EV ecosystem or are involved in the development of new age automotive vehicles or related technology.
India leads in electric vehicle sales amid global slowdown
- May 25, 2024
Source: The Economic Times
Global electric vehicle sales growth faces challenges like capital costs and election uncertainty. US EV sales outpaced Europe, where EV sales declined due to Easter holidays. Germany saw a 29% drop in EV sales, while India's EV market share doubled to 4% in 2023.
Centre aims to train 600,000 workers to power Green H2 goal
- May 16, 2024
Source: The Economic Times
Government aims to develop 600,000 skilled workers for National Green Hydrogen Mission by 2030, identified by Ministry of Skill Development and Entrepreneurship and MNRE.