Page 44 - Electric Vehicles

2-wheeler EV buyers can avail subsidy of Rs 10,000 in 1st yr of PM E-DRIVE

Electric two-wheeler buyers can avail a maximum subsidy of up to Rs 10,000 in the first year of the PM E-DRIVE Scheme to be rolled out soon, Union Heavy Industries Minister HD Kumaraswamy said on Thursday. Addressing a media briefing, Kumaraswamy said 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. Addressing the media, Kumaraswamy said e-rickshaw buyers can avail of subsidy benefits of Rs 25,000 in the first year and Rs 12,500 in the second year of the PM E-DRIVE scheme. "The per kilowatt subsidy for electric two-wheelers is Rs 5,000 for the first year, and in the second year Rs 2,500, for two years, this benefit will be continued," the minister said. He clarified that the maximum benefit per two-wheeler will

PM E-DRIVE, eBus Sewa: How the schemes may help accelerate EV adoption

The two schemes, with over Rs 14,000 crore allocated to boost EV adoption, focusing on electric two-wheelers, buses, and charging stations, aim to support India's emissions-reduction goals

European Commission rejects minimum price offers from Chinese EV exporters

The Commission declined to give details of the offers, but said it had thoroughly reviewed them to see if they met World Trade Organization and EU anti-subsidy rules

Tata Power arm to set up 200 fast charging stations for commercial EVs

Tata Power Renewable Energy arm Tata Power EV Charging Solutions and Tata Motors have signed an initial pact to set up 200 fast-charging stations for electric commercial vehicles in all metros cities, a statement said on Thursday. The strategic move expands their ongoing collaboration, in providing sustainable mobility solutions, with a focus on easy charging solutions for small electric commercial vehicles, the statement said. Tata Power EV Charging Solutions under the MoU will set up 200 fast-charging stations for electric commercial vehicles in all metros cities viz. Mumbai, Delhi, Chennai, Bengaluru, Kolkata. Tata Motors and Tata Power will provide exclusive charging tariffs for Tata Motors' electric CV owners, resulting in lower operating costs and increased profitability for its customers, the statement said. Electric commercial vehicle users, across the country, will soon benefit from access to almost 1000 strategically located fast chargers, with the planned expansion of t

PM E-DRIVE scheme to aid faster adoption of EVs in India: M&M, Tata Motors

Home-grown auto majors Mahindra & Mahindra and Tata Motors on Thursday hailed the PM e-drive scheme, saying it would help in higher adoption of electric vehicles in the country. On September 11, the Union Cabinet approved two major schemes with a total outlay of Rs 14,335 crore to promote the use of electric vehicles, including buses, ambulances and trucks. The two schemes are the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of Rs 10,900 crore over a period of two years, and the PM-eBus Sewa-Payment Security Mechanism (PSM) scheme with a budget of Rs 3,435 crore. "With continued focused support on 2Ws, 3Ws, e-buses and the thoughtful addition of e-ambulances, the scheme will drive higher EV penetration in the country," Mahindra & Mahindra Managing Director Anish Shah said in a statement. Investments laid out for fast charging infrastructure for all segments will help in increasing consumer confidence for faster adoption of ..

Tata Motors, MG offer free charging, battery rentals to lure EV buyers

The price cuts and other offers were a 'step towards mainstreaming EVs and accelerating EV adoption'

Vedanta plans to expand nickel sulphate production, to tap overseas demand

Unlike Japan and South Korea, India's electric vehicle market is still in its nascent stage

China asks its carmakers to keep advanced EV technology within country

The instructions come as companies from BYD Co. to Chery Automobile Co. firm up plans to build factories in Spain to Thailand and Hungary as their innovative EVs make inroads in foreign markets

26-yr-old arrested after setting Ola Electric's showroom ablaze in K'taka

The incident comes amid growing public ire over servicing at Ola Electric, India's no.1 e-scooter maker

Cabinet meet: Widened net for Ayushman Bharat, renewed EV subsidy, more

Cabinet clears Rs 5 lakh health cover under Ayushman Bharat for those 70 years and above

EV promotion schemes great for making green transportation accessible: Siam

Auto industry body SIAM on Wednesday welcomed the government's decision to approve two schemes with a total outlay of Rs 14,335 crore to promote electric vehicles, saying the forward thinking initiative will make clean and green transportation more accessible to all. The Union Cabinet on Wednesday approved two schemes -- PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of Rs 10,900 crore over a period of two years, and PM-eBus Sewa-Payment Security Mechanism (PSM) scheme with a budget of Rs 3,435 crore. Reacting to the announcement, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra termed the move as "progressive step that underscores the firm commitment towards promoting sustainable mobility". He further said, "It will undoubtedly help accelerate the adoption of electric vehicles (EVs) across the country, making clean and green transportation more accessible to all." This forward-thinking initiative reflec

Beyond the road: The rising cybersecurity challenge for electric vehicles

While these companies are taking steps to enhance cybersecurity, the growing complexity of E2Ws and the evolving threat landscape make it challenging to guarantee complete immunity from attacks

Delhi govt plans proposal for transitioning Gramin Seva autos to EVs

The Delhi government is planning to inject a new lease of life into the Gramin Seva autos by issuing guidelines to ensure their transition to electric vehicles, officials said. Launched in 2010, the Gramin Seva is a para-transit scheme wherein high capacity three-wheelers with a seating capacity of six passengers were given permits to ply in the rural areas, unauthorised, resettlement colonies and the JJ clusters of Delhi. "These vehicles are an important means of last-mile connectivity in rural areas. We have received representations from their union requesting us to issue guidelines for ensuring their transition into electric vehicles. The union has held meetings with the Transport Department officials and urged them to take steps to inject a new life into the services," said an official. According to the officials, there were around 6,000 registered Gramin Seva autos. However, many of them have gone off roads with the passage of time. At present, there are around 2,000 to 3,000 .

Govt approves Rs 10,900 cr PM E-DRIVE scheme to push electric mobility

The Union Cabinet on Wednesday approved the PM E-Drive Scheme with an outlay of Rs 10,900 crore for two years to boost adoption of electric vehicles in India, replacing the flagship FAME programme that ran for nine years till March. The decision on PM Electric Drive Revolution In Innovative Vehicle Enhancement (PM E-DRIVE) Scheme was taken at the meeting of the Union Cabinet chaired by Prime Minister Narendra Modi, Information and Broadcasting Minister Ashwini Vaishnaw told reporters here. The scheme will support 24.79 lakh electric two-wheelers, 3.16 lakh e-three wheelers, and 14,028 e-buses. The PM E-DRIVE will also support 88,500 charging sites, Vaishnaw said. The new scheme offers subsidies/demand incentives worth Rs 3,679 crore to incentivise adoption of electric two-wheelers, electric three-wheelers, e-ambulances, e-trucks and other emerging elecric vehicles (EVs). A sum of Rs 4,391 crore has also been provided for procurement of 14,028 e-buses by state transport undertaking

Mail meets mileage: India Post stamps out range anxiety, enters EV charging

Ties up with ThunderPlus to deliver EV charging to Sainikpuri PO in Hyderabad and beyond

JSW MG to move away from conventional vehicles, focus on NEVs: MD Jindal

JSW MG Motor India intends to move away from conventional internal combustion engine vehicles as it focuses on new energy vehicles for the future, company Director Parth Jindal said on Wednesday. The company, which on Wednesday launched its electric crossover utility vehicle 'MG Windsor' -- the first launch after JSW Group invested in MG Motor India -- has set a target to introduce a new car every four to six months and is eyeing over 50 per cent of its total sales to come from electric vehicles in 2024. "We want to bank on the new energy vehicles (NEVs). So, whether that is strong hybrid, plug-in hybrid, or battery electric vehicles, these will be the cornerstone of MG going forward," Jindal said in an interaction with reporters on the sidelines of the launch. He further said, "The traditional ICE (internal combustion engine), as we call it, without even a mild hybrid option, is something that we want to do away with. We are not very keen on bringing that into the country." Howeve

Cabinet likely to approve new scheme for promoting electric vehicles

Scheme outlay expected to be Rs 10,900 cr, new name to be coined in place of 'FAME'

Thailand's EV makers seek to renegotiate incentives as sales slow down

The scheme helped lure investment of more than $1.44 billion in new production facilities from Chinese EV car makers, such as BYD Motors and Great Wall Motor, making

Govt prioritising charging infra for e-mobility growth: HD Kumaraswamy

Kumaraswamy urged the industry to collaborate and put forth dedicated efforts to help India achieve its sustainability goals while staying on track for growth

Honda Motorcycle and Scooter to launch its first EV by March: Yogesh Mathur

In the last 12-18 months, India's old major two-wheeler makers such as TVS Motor, Bajaj Auto, and Hero MotoCorp have solidified their positions in the electric scooter market