Page 46 - Electric Vehicles

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

Toyota, Maruti launch hybrid push in UP to capitalise on tax waivers

The waivers have split India's auto industry, with Tata Motors, Mahindra and Mahindra and Hyundai arguing their sales of pure electric cars will suffer

Tesla plans six-seat Model Y, production slated for 2025 in China

The Model Y crossover is the best-selling car in China among all power types

China: Anti-dumping probe into canola imports as Canada imposes EV tariff

Canada has followed the lead of the United States and European Union, and announced last week a 100 per cent tariff

Hero MotoCorp planning to invest Rs 900 cr in 3-wheeler startup Altigreen

If the transaction goes ahead, this will be the second largest investment by Hero in an electric vehicle (EV) maker

Kailash Gahlot calls gig workers 'Pradushan Yodha', asks them to adopt EVs

Delhi Transport Minister Kailash Gahlot on Monday called gig workers of food delivery companies as 'Pradushan Yodha' (warriors against pollution) as he spoke about the importance of electric vehicles. Addressing thousands of delivery partners, commonly known as 'gig workers', at an event organised by delivery companies Zomato and Blinkit at Talkatora Stadium, he called them the backbone of India's economy. "You are ensuring that millions of people can receive household essentials in minutes and enjoy meals from their favourite restaurants with just a click. Your dedication keeps our cities running smoothly. "Your commitment to your work and to protecting the environment is truly inspiring. The Kejriwal government is with you every step of the way. Together, let's make Delhi pollution-free by adopting electric vehicles (EVs)," he said. Gahlot emphasised the importance of transitioning to electric vehicles and said they are not just a technological change but also a crucial move to

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

Bajaj Auto looks to pip TVS to second spot in electric 2-wheeler market

The Pune-based giant, which was trailing far behind TVS just two months ago in e-two-wheelers (e2Ws), has upped the ante

BYD's relentless growth taking its toll on smaller Chinese EV rivals

BYD's rise to become the dominant force in China's auto market, overtaking established western automakers