Media
How lithium reserves can speed up India's electric vehicle dream
- February 27, 2023
Source: ET Energy World
As India gears up to boost electric vehicle (EV) adoption, the massive find of lithium reserves in the country has brightened up the prospects for the country in the field of EV battery cell manufacturing. According to the Council on Energy, Environment and Water, the country will require Rs 33,750 crore of investment to meet its domestic lithium-ion battery manufacturing target of setting up 50 GWh of lithium-ion cell and battery manufacturing plants.
Tamil Nadu's new EV policy offers incentives for manufacturers, users
- February 14, 2023
Source: Business Standard
Tamil Nadu will encourage electric vehicles (EV) by offering incentives to manufacturers, customers and charging-infrastructure providers, announcing a new policy after seeing investment interest of around Rs 24,000 crore in the last five years.
Punjab government approves Electric Vehicle Policy
- February 09, 2023
Source: E-vehicle Info
The Punjab EV Policy 2022 seeks to encourage the use of electric vehicles in cities including Ludhiana, Amritsar, Jalandhar, Patiala, and Bathinda, which account for more than 50% of the state of Punjab’s total vehicle traffic.
Government nearly doubles allocation under FAME-2 subsidy scheme
- February 03, 2023
Source: The Economic Times
Reinforcing its push towards green mobility, the government has nearly doubled its budgetary allocation for the FAME (Faster Adoption and Manufacturing of Electric vehicles) scheme to subsidise the purchase of EVs.
Union Budget 2023 gives EVs a big charge; boosts vehicle scrappage
- February 01, 2023
Source: Business Standard
The Finance Minister, in her Budget speech on February 1, 2023, focussed on green energy and electric vehicles. Ms Sitharaman extended Customs duty exemption for the manufacture of lithium-ion batteries and introduced more sops to boost vehicle scrappage. She also announced viability gap funding (VGF) for battery energy storage system (BESS) projects with a capacity of 4000 MWh.
Japan's Suzuki to invest $35 billion through 2030 in EVs
- January 26, 2023
Source: The Economic Times
Suzuki Motor Corp will invest 4.5 trillion yen ($34.8 billion) through fiscal 2030 in research, development and capital spending to make battery electric vehicles. The company would invest 2 trillion yen in electrification and autonomous driving technologies, while allocating 2.5 trillion yen to build a battery EV plant and for renewable energy facilities.
Electric two-wheeler sales surge 300%, breach 600,000-mark in 2022
- January 02, 2023
Source: Business Standard
The electric two-wheeler (E2W) market crossed the 600,000 sales target (of units) and achieved a market penetration of 4 per cent in Calendar 2022 (CY22), reveals VAHAN data. According to VAHAN, 624,192 two-wheeler units were registered in the country, up a staggering 300 per cent over 2021, when only 153,523 units were registered; electric vehicle (EV) penetration was just 1 per cent.
Mumbai international airport opens EV charging stations in Terminal 1 and 2
- December 10, 2022
Source: The Economic Times
Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) has installed six DC fast EV charging stations at Terminal 1and 2. From December 9, 2022, the fast charging stations are available for service and open as Public Charging Stations for passengers as well as guests visiting CSMIA. CSMIA has commissioned the EV charging stations
CSE and DST join hands to develop EV batteries suited for India
- November 22, 2022
Source: The Financial Express
The Centre for Science and Environment (CSE) and the Department of Science and Technology (DST) of the government of India have collaborated to create a platform that will support the development of new electric vehicle batteries to suit and meet Indian requirements.
Haryana Government notifies Electric Vehicle Policy
- November 18, 2022
Source: The Tribune
Under the policy, 12 schemes had been made live on the website www.investharyana.in. This included Purchase Incentive for Buyers, Charging and Battery Swapping Station Scheme, Net SGST Reimbursement Scheme, Capital Subsidy Scheme, Employment Generation Subsidy Scheme, Electricity Duty Exemption Scheme, Stamp Duty Reimbursement Scheme, Patent Fee Reimbursement Scheme, R & D Incentives, Human Capacity Building Excellence Centre of Excellence Scheme, Seed and Conversion Fund Scheme, and Water Treatment Incentive Scheme.