Electric Vehicles Sales

Govt launches PM E-DRIVE subsidy scheme for EVs with Rs 10,900 cr outlay

The government on Tuesday launched the PM E-DRIVE Scheme, with an outlay of Rs 10,900 crore for faster adoption of electric vehicles, setting up of charging infrastructure and development of EV manufacturing ecosystem in India. The scheme shall be implemented from October 1, 2024 to March 31, 2026. The EMPS-2024 (Electric Mobility Promotion Scheme) being implemented for the period April 1, 2024 to September 30, 2024 is being subsumed under the PM E-DRIVE scheme. The subsidy under the PM E-DRIVE scheme for electric two-wheelers has been fixed based on battery power at Rs 5,000 per kilowatt hour but the overall incentive will not exceed Rs 10,000 in the first year. In the second year, it will be halved by Rs 2,500 per kilowatt hour, and the overall benefit will not exceed Rs 5,000. Currently, popular electric scooter makers like Ola, TVS, Ather Energy, Hero Vida (Hero Motocorp) and Chetak Bajaj have battery capacities of 2.88-4 kWh in price range of Rs 90,000 to Rs 1.5 lakh. Address

Need to have common platform for ease of EV charging: Mercedes-Benz

Luxury carmaker Mercedes-Benz India has pitched for a common platform to provide real-time information about all available charging stations operated by different service providers to make it more convenient for electric vehicle owners. Mercedes-Benz India MD and CEO Santosh Iyer pointed out that the common app would go a long way in enhancing customer convenience and help in pushing electric vehicle adoption in the country. In an interaction with PTI, Iyer noted that there is a need to democratise charging infrastructure for electric vehicles. "Today, if you buy an electric car, you need 3-4 different apps on your phone. What we are requesting the government is to come up with something like a UPI-based system," Iyer said. India is a leader in digital technology, but when it comes to charging, there are still multiple apps, he stated. "They (apps) don't talk to each other...payment gateways are not in sync..if it can be solved the convenience of EVs will be next level," Iyer ...

China's carrot-and-stick tactics on EU nations starting to pay off

China-made EVs exported to Europe rose 38% in 2023 to 656,000 units, including shipments non-EU countries

Why public EV chargers are almost never working as fast as promised

The chemical wizardry of battery power is more complex than pouring liquid in a tank, and both internal and external factors take a toll on charging speed

Sales of electric vehicles in August decline 13% to 156,199 units

But, despite this decline, August sales still represented the third-highest monthly total this year, following March and July

EKA Mobility enters into strategic pact with IKEA for EV vans supply

Commercial electric vehicle maker EKA Mobility on Tuesday said it has formed a strategic partnership with Swedish furniture retailer IKEA for supply of electric delivery vans in India. Under the partnership, Eka has already delivered 10 such vehicles to IKEA, with plans to expand the fleet across multiple regions in the country, EKA Mobility said. The collaboration is a part of IKEA's plan to electrify its last-mile delivery fleet in the country, it said. The transition to electric delivery vans is expected to significantly reduce IKEA's carbon footprint, contributing to a more sustainable and environmentally friendly logistics operation, EKA mobility said. "By supplying IKEA with our advanced electric delivery vans, we are not only contributing to a cleaner environment but also showcasing the potential of electric vehicles in transforming the logistics industry," said Rohit Srivastava, Chief Growth Officer at EKA Mobility. "As we grow in India with an EV first approach, IKEA Indi

EVs, hybrid vehicles set to exceed China's 50% car sales for first time

Sales of electric vehicles and plug-in hybrids, which are counted under the category of new energy vehicles in China, rose to 879,000 units, making up 50.8 per cent of total sales

Auto industry needs 200K skilled people by 2030 to meet 30% EV target

Indian automotive industry will need up to 2 lakh skilled people by 2030 to meet the government's vision of 30 per cent electric vehicle adoption, the Society of Indian Automobile Manufacturers said on Tuesday. A total talent investment of Rs 13,552 crore is expected for hiring and training the workforce. "As we look ahead, one of the major constraints the auto industry will face is the dearth of skilled electric vehicle capable manpower," Society of Indian Automobile Manufacturers (SIAM) President Vinod Aggarwal said while addressing a workshop on empowering EV-ready workforce in the Indian auto industry. Aggarwal, who is also MD & CEO, Volvo Eicher Commercial Vehicle Ltd, pointed out the need for specialised domain skills in the areas of battery technology, powered electronics and motor design. "To keep the pace of global trends and make our auto industry a globally competitive industry, there is an urgent need that our workforce be equipped with new skills by upskilling, ...

Deeply committed to reforms; pained by EV sales drop: Piyush Goyal

Sales of EVs during April-June contracted 7 per cent year-on-year to 346,024 units, data from the Ministry of Road Transport and Highways' VAHAN portal showed

Xiaomi to showcase its first electric car SU7 EV on June 9 in India

Chinese technology company Xiaomi might not proceed with launching SU7 EV in the Indian market just yet, reports suggest. It aims to gauge the interest of Indian consumers in its electric cars

Electric vehicle scheme norms to be rolled out soon, but no Tesla update

Fund issues may have come in way of EV major's plan

China's BYD launches third EV in Japan, unveils most expensive model

The expansion of BYD, which stands for Build Your Dreams, in Japan could become a worry for domestic automakers

Supercar maker Ferrari's first electric car to cost over $500,000

The Italian brand, famed for its roaring petrol engines, has said it will launch an electric car late next year, and the planned price shows its confidence that ultra-wealthy drivers are ready for it

As demand for electric vehicles dwindles, what are startups doing about it?

US EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand due to steep borrowing costs

EU to impose up to 25% additional tariffs on imported Chinese EVs

The move comes as European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals

Slowdown in EV sales steers the world further off course from net zero

The outlook for fully electric vehicles has markedly deteriorated in the past year. BNEF began the 2023 edition of its EV Outlook by highlighting the profound transformation

Tata Motors to power EVs with Rs 18,000 crore investment until FY30

Investment to span over 6 years, targets 20% share in PV market by FY30

Electric 3-wheeler sales rise 23% in May; industry awaits FAME 3: FADA

May 2024 has witnessed a slight recovery in E3W sales after the sector saw major decline following the end of the FAME 2 scheme in March

BluSmart launches 100% all-electric premium limousine service in UAE

Ride-hailing app said that its chauffeur-driven luxury service in Dubai will commence with a premium Audi e-tron car fleet

M&M, Bajaj Auto: Nomura's preferred picks ahead of May sales data

May auto sales preview: Nomura analysts expect passenger vehicle (PV) wholesales to grow by 6 per cent on a year-on-year (Y-o-Y) basis to 355,000 units.