Page 18 - Electric Vehicles

India needs 6,900 acres land, $9 bn EV infra investment by 2030: Report

Nearly 6,900 acre of land and USD 9 billion investments will be required by 2030 for setting up facilities for EV (electric vehicle) manufacturing, lithium-ion battery production and public charging stations, according to Savills India. Real estate consultant Savills India has released report 'Charged for Change: How EVs Are Reshaping Indian Real Estate' stating that the EV market in India has witnessed significant growth in recent years, driven by market forces, government policies, rising environmental concerns, and increasing fuel costs. The government has launched several initiatives to accelerate EV adoption and strengthen the supporting ecosystem. "An investment of USD 7.5 to 9 billion will be required by 2030, primarily for land acquisition and the development of facilities for EV manufacturing, lithium-ion battery production, and public charging stations," the consultant said. In high-adoption scenario, the required investments will be USD 9 billion while USD 7.5 billion wi

Ola Electric's Bhavish Aggarwal topped up collateral as shares tumbled

Aggarwal had raised ₹2.5 bn for generative AI venture Krutrim Data Center Pvt. by pledging Ola Electric equity and he voluntarily put in the extra money since March as the shares dipped below ₹50 each

22 crew members rescued in North Pacific after ship with cars catches fire

The crew of a cargo ship carrying 3,000 vehicles to Mexico, including 800 electric vehicles, abandoned ship after they could not control a fire aboard the vessel in waters off Alaska's Aleutian island chain. A large plume of smoke was initially seen at the ship's stern coming from the deck loaded with electric vehicles Tuesday, according to U.S. Coast Guard photos and a Wednesday statement from the ship's management company, London-based Zodiac Maritime. There were no reported injuries among the 22 crew members of the Morning Midas. Crew members abandoned ship, were evacuated onto a lifeboat and rescued by the crew of a nearby merchant vessel called the Cosco Hellas in the North Pacific, roughly 490 kilometers southwest of Adak Island. Adak is about 1,930 kilometers west of Anchorage, the state's largest city. The crew initiated emergency firefighting procedures with the ship's onboard fire suppression system. But they were unable bring the flames under control. The relevant ...

'One of best things I've ever done': Elon Musk's father visits Ram Temple

Errol Musk, father of Elon Musk, visited Ayodhya's Ram temple, praised India's spirituality, and expressed support for green tech during his trip with Servotech to promote EV infrastructure

Ather Rizta crosses 100,000-unit sales within a year of market launch

Rizta has surpassed 100,000 sales within a year of its unveiling in April 2024, accounting for 60% of Ather's FY2025 sales and establishing dominance in southern India

Harrier.ev launched with 627-km range at ₹21.49 lakh; bookings start Jul 2

Tata Motors unveils the all-electric Harrier.ev, offering a 627-km range, rapid charging, AWD performance, and off-road capability; bookings begin nationwide on July 2

Logistics startup Porter to expand to 50 cities by 2030: Pranav Goel

In the next five years, we will move from 20 lakh SMEs (small and medium enterprises) who come to the platform every month to servicing more than one crore customers, says Goel

Global majors keen to make electric cars in India; Elon Musk's Tesla quiet

The window for applications under the scheme will be open in the next one to two weeks

Govt cuts EV import tax for firms investing in local manufacturing

The application window for new government scheme will likely open within the next few weeks and will remain open for a minimum of 120 days

Govt to open EV making policy with duty cuts to lure global manufacturers

The policy offers to slash duty to 15 per cent on any imported electric car priced from $35,000 if they invest at least ₹4,150 crore, or about $500 million, to set up a local plant within three years

Rare earth supply pinch puts India's EV makers on a six-week clock

China controls 92 per cent of global REM magnet production, with other players like Japan (7 per cent) and Vietnam (1 per cent) contributing marginally

Delhi govt to provide subsidies to promote e-vehicles, says CM Gupta

Delhi government will provide subsidies to people to promote electric vehicle adoption in Delhi in its new policy, Chief Minister Rekha Gupta said on Saturday. Delivering a valedictory address at Aironomics, 2025 convention, she highlighted Delhi government's different initiatives to combat air pollution. Transformation of all the vehicles, including private ones, into electric vehicles (EVs) is a big vision for which Delhi government is coming up with a new EV policy, she said. "We will urge people to purchase electric vehicles for which they will be provided subsidies," she said. Gupta also said that air pollution is a year long problem that required sustained efforts for which her government is hiring 1000 water sprinklers to be used to combat dust on the roads through out the year. "In view of traffic, these sprinklers will operate in early morning and late night hours so that no congestion is there on the roads," she said. Further, the government is also deploying integrated

KG Motors looks to kickstart Japan's electric-vehicle market with Mibot

KG Motors has developed a battery-powered one-seater that more resembles a futuristic golf cart than it does a modern EV, much less a traditional car

Schaeffler to invest €500 million in India, opens fifth plant in Tamil Nadu

German firm Schaeffler will invest €500 million in India over five years to grow EV, rail, and renewable businesses and deepen localisation amid global shifts

Terra Motors launches electric auto to boost presence in L5-EV segment

Electric vehicle maker Terra Motors on Tuesday expanded its electric vehicle range in the country as it looks to strengthen its presence in the country. The Japanese firm, which introduced the electric three-wheeler KYORO+ to cater to the passenger segment, already has a sizable presence in electric rickshaws (L3) in India having sold over 1.5 lakh units so far. With the new model, the company aims to bolster its position in the electric three-wheeler segment (L5). Terra Motors India Managing Director Go Suzuki said the company aims to garner around 5-8 per cent market share in the segment which sees sales of around 1.5-1.6 lakh units per annum. The company also has ambitious plans to scale up the sales network and production capacity in the country, he noted. "We aim to establish 100 dealerships across the country and scale up production capacity of the electric auto-rickshaws to around 5,000 units per month," Suzuki said. The company currently has a manufacturing capacity of ar

India core to global automakers' plans, but EV adoption still slow: Moody's

Moody's sees India's car sales growing at Asia's fastest rate, but says EV transition faces challenges due to limited infrastructure and cost pressures

Chinese electric trucks, machines set to build global cities of future

Work vehicles have tended to fly below the radar in discussions of urban emissions, but their vast size and power requirements give them a disproportionate share of engine pollution

Govt may offer spare e-buses under PM E-DRIVE for religious tourism

This consideration follows the allocation of 10,900 e-buses to five cities: Delhi, Bengaluru, Hyderabad, Ahmedabad, and Surat

Maharashtra unveils new EV policy aiming for 30% adoption by 2030

The new Electric Vehicle (EV) policy of the Maharashtra government seeks to achieve 30 per cent EV penetration in the state by 2030, officials said on Saturday. Among other things, the policy lays down that new residential buildings must provide EV charging facilities, and also offers incentives such as toll waiver for these eco-friendly vehicles. The transport department on Friday issued a government resolution announcing the new policy which will be in effect from April 1, 2025, to March 31, 2030. It aims to make Maharashtra a leading hub for EVs in India through incentives, infrastructure expansion and manufacturing support, said an official release. By implementing this policy, the state wants to prevent 325 tonnes of PM 2.5 emissions and 1000 tonnes of Greenhouse Gas (GHG) emissions from the transport sector by 2030 as part of the Clean Mobility Transition Model, the GR said. The policy proposes incentives of up to Rs 2 lakh for electric four-wheelers used for transport and R

Tata Motors demerger to give shareholders long-term returns: Chandrasekaran

Tata Motors chairman N Chandrasekaran has said that the demerger will enhance agility, boost EV focus, and integrate AI to deliver long-term value