Page 44 - Electric Vehicles

Mahindra & Mahindra unveils commercial electric four-wheeler 'e-ZEO'

Mahindra & Mahindra announced that it would invest Rs 12,000 crore over the next three years, into its EV unit Mahindra Electric Automobile

Despite rise in exports, Chinese car sales fall for fifth straight month

Sales fell 1.1 per cent from the same month a year earlier to 1.92 million vehicles, data from the China Passenger Car Association showed

EVs can maintain cost without subsidies but won't oppose incentive: Gadkari

With falling lithium-ion battery prices, electric vehicles can now maintain cost without subsidies but it is for the finance and heavy industries ministries to decide if incentives need to be given to electric vehicles, Union Minister Nitin Gadkari said on Monday. Speaking at the annual session of Automotive Components Manufacturers Association (ACMA), Gadkari, the Minister for Road Transport and Highways, said within two years, the cost of EVs will be the same with their petrol and diesel counterparts. "First of all, I am not against any subsidies. I don't have any problem," Gadkari said when asked if more incentives were needed to accelerate electric mobility as adoption in India has not been as expected. Elaborating his views, he said at one point the price of the lithium ion battery was USD 150 per kilowatt hour. Now it is something USD 108 to 110 per kilowatt hour. "I am confident it will come to USD 100," he asserted. Moreover, he said the manufacturing of EVs has witnessed

Japan's Panasonic energy unit finalises prep for 4680 EV battery production

The bigger 4680 cells will allow automakers to extend the driving range of electric vehicles and use fewer cells to achieve the same battery pack capacity, Panasonic Energy said in a statement

Losing spark: Delhi's electric vehicle adoption to hit speed bump

The removal of road tax waiver in the city estimated to make such vehicles about 10% costlier for its residents

FAME-III likely to see vehicles sporting government subsidy branding

Move aims to highlight Centre's electric mobility schemes and ensure greater transparency

EV maker Wardwizard Innovations to form joint venture in Saudi Arabia

The EV cell plant will be dedicated to manufacturing electric vehicle cells. The company did not disclose the cost associated with entering into the joint venture

GTRI flags concern against India of becoming 'EV colony' for China

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank GTRI said on Friday. India faces unique challenges not faced by other countries in adopting EVs (electric vehicles) at large scale, it added. These challenges include 80 per cent of electricity generated from fossil fuels like coal, frequent power cuts, and dependency on imports for making EVs in the country like batteries and critical minerals, the Global Trade Research Initiative (GTRI) said. "Considering these challenges, instead of rushing into the fray with heavy incentives or falling into dependence on Chinese imports, India has the opportunity to let its EV sector evolve naturally. By allowing market forces to steer the sector's growth, India can avoid becoming an 'EV colony' for China and carve out its own path in the global EV landscape," it added. It also said the global EV market is undergoi

Reliance Infra plans to manufacture electric cars, taps ex-BYD executive

It is also looking at the feasibility of building a battery plant starting with 10 gigawatt hours (GWh) of capacity and scaling up to 75 GWh over a decade, the person added

Japan's Toyota Motor slashes 2026 global EV output plans by a third

Earlier this week, Swedish automaker Volvo Cars scrapped its target of going all electric by 2030, saying it expects to still be offering some hybrid models in its lineup at that time

Japan to give up to $2.4 bn in new support for EV battery production

The government backing included support for investments by Toyota, Nissan Motor

Odisha govt gave subsidy of Rs 154 cr to EV owners since FY23: Bibhuti Jena

The Odisha government has so far provided subsidy of Rs 154.27 crore to electric vehicle owners since the 2022-23 financial year, a minister said on Thursday. The sale of EVs has also shown an increasing trend in Odisha, after the government started giving subsidy from September 1, 2021, Transport Minister Bibhuti Bhusan Jena said. Jena said this in a written statement in the assembly. The state government has so far distributed a subsidy of Rs 154.27 crore to EV owners since the 2022-23 financial year, Jena said. While a subsidy of Rs 8.83 crore was disbursed during 2022-23, it was increased to Rs 57.21 crore during 2023-24. The Odisha government has provided subsidy for 14,182 EVs registered during the fiscal year 2022-23, which rose to 36,518 during 2023-24, it said. During 2024-25 till August, the Odisha government has already distributed subsidies for 38,766 EVs registered in the state, the statement said. The state is providing a maximum subsidy of Rs 20,000 for each two-w

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

Travel agency Easy Trip Planners to make electric buses; shares jump 14%

This move aligns with our growth plans to expand the non-air business and will help us establish a strong foothold in the growing EV and eMobility sector, said Rikant Pittie, EaseMyTrip's co-founder

Substantial subsidies for electric vehicles are no longer required: Gadkari

At the BNEF Summit, Union Minister Nitin Gadkari highlighted the lower GST rates on electric vehicles compared to those on petrol and diesel vehicles

Swedish automaker Volvo Cars slashes its margin and revenue ambitions

Volvo Cars, which is majority-owned by China's Geely, lowered its target for operating profit margin

Chinese automaker BYD's push for global expansion faces challenges in Japan

Some Japanese are wary of buying big-ticket Chinese products due to quality concerns

Swedish automaker Volvo Cars abandons target of going all electric by 2030

Major automakers have seen slowing demand for EVs partly due to a lack of affordable models and the slow roll-out of charging points

EV maker Kinetic Green to launch family e-scooter in about 18 months

Electric vehicle maker Kinetic Green on Wednesday said it is working on a family e-scooter, which is expected to hit the market in the next one-and-a-half years even as it ruled out entering the fast-expanding electric motorcycle segment. At a media roundtable here Kinetic Green Founder and CEO Sulajja Firodia Motwani also said that the company is targeting a topline of Rs 10,000 crore by 2030 and 60 per cent of this revenue will come from the two-wheeler business. She also outlined the company's vision 3.0 for the next phase of growth, which, according to her, is aimed at capturing scale. "We are working on a family e-scooter, which will be launched in about 18 months from now. The e-scooter would be in the urban format," she said. Stating that the company's two-wheeler portfolio will comprise both scooters and e-luna, apart from the three-wheelers, she said, "We are not looking at motorcycles as somehow people don't like motorcycles Kinetic. They think Kinetic is more about scoot

Govt expected to clear FAME 3 scheme in 1-2 months: H D Kumaraswamy

The government is expected to finalise the third phase of its flagship electric mobility adoption scheme FAME in a month or two, Union Heavy Industries Minister H D Kumaraswamy said on Wednesday. He said that an inter-ministerial group is working on the inputs received for the scheme, and efforts are being made to address the issues in the first two phases of the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) scheme. FAME 3 will replace the temporary Electric Mobility Promotion Scheme (EMPS) 2024, which is set to expire in September. The second phase of FAME was rolled out in 2019 with an initial outlay of Rs 10,000 crore for three years. It was later extended up to March 2024 with an additional outlay of Rs 1,500 crore. The initial target of the scheme was to support 10 lakh electric two-wheelers, 5 lakh electric three-wheelers, 55,000 passenger cars, and 7,000 electric buses. "On FAME 3, several suggestions are coming because in FAME 1, FAME 2 whatever