Page 54 - Electric Vehicles

India unveils $500 bn investment opportunities in clean energy by 2030

India offers huge investment opportunities worth over USD 500 billion, particularly in clean energy value chain including renewables, green hydrogen and EV, by 2030, the commerce ministry said on Thursday. This was stated by Commerce Secretary Sunil Barthwal, who is in Singapore for the two-day meet of the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum. The meeting, which started on Wednesday, brought together the region's top investors, clean economy companies, and start-ups to mobilise investments into sustainable infrastructure, climate technology, and renewable energy projects. The 14-member IPEF bloc was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo. Together, they account for 40 per cent of the world's economic output and 28 per cent of trade. The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy. India has joined all the

Environmental and financial benefits drive EV adoption in India: Study

According to a new study by leading insurer ICICI Lombard General Insurance, environmental benefits and reduced fuel costs are the top reasons for switching to EVs

Murugappa Group's EV arm to raise Rs 310 crore from M&G Investments

It planned to raise capital to the tune of Rs 3,000 crore to fund its multiple verticals of electric vehicles

61% of EV owners find battery charging time as primary concern: survey

Environmental benefit / reduced emissions and reduced fuel cost are the top 2 reasons that made people switch from fuel to electric vehicle

A New Horizon: Expanding Footprints in the Electric Vehicle Market

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Battery Smart collaborates with Zepto for greener last-mile deliveries

Electric two-and three-wheeler battery swapping network operator Battery Smart said on Monday that it has entered into a partnership with e-grocery and quick commerce service platform Zepto as part of which it will provide delivery partners access to over 1,000 battery-swapping facilities. The tie-up will enable Zepto's two-minute battery swaps across more than 30 cities, besides helping it deploy 10,000 new electric vehicles (EVs) to its fleet in FY25, Battery Smart said. "We have partnered with Zepto to enable greener last-mile deliveries and empower more delivery partners to join the adoption of electric mobility. Zepto's growth over the past year has been remarkable, and now, with access to our growing network of swap stations, we look forward to seeing it scale even further by deploying more EVs to its fleet," said Yogiraj Gogia, Senior Director of Partnerships and fleet business, Battery Smart. Through this partnership, Battery Smart and Zepto will facilitate a seamless ...

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

EV sales in China defy consumer spending slump as price cuts attract buyers

BYD, the country's best-selling brand, sold 330,488 passenger vehicles in May, an increase of just over a quarter compared with last year

Tamil Nadu likely to be hub for Tata Motors-JLR's electric vehicle exports

Tata Motors is working on multiple options at the plant, where it plans to invest Rs 9,000 crore over five years

Centre must encourage both hybrids and EVs, says Maruti Suzuki India

As India aims for carbon neutrality by 2070, automakers are divided over the best pathway

May sees electric two-wheeler sales revving up, led by Ola Electric

Led by Ola Electric, overall electric two wheeler sales have gone up by around 12 per cent in May over the previous month

Why the unorganised sector, thanks to e-rickshaws, leads India's EV growth

While everyone's attention is riveted on electric two-wheelers and cars, e-rickshaws have proliferated, putting the unorganised sector in the forefront

NSE Indices launches India's first EV index to facilitate ecosystem

NSE Indices Ltd, a subsidiary of the National Stock Exchange, on Thursday launched the EV and new-age automotive index to track the performance of companies which form a part of the EV ecosystem. This would be the country's first ever electric vehicle (EV) index. "The launch of the Nifty EV and new-age automotive index will facilitate creation of products which will create opportunity for asset managers to invest in the electric vehicle and new-age automotive market thereby providing an investment vehicle to investors," NSE Indices said in a statement. The government has always been at the forefront of framing policies related to EV adoption so that EVs with the latest technology can be manufactured in the country and attract investments by global EV manufacturers, thereby giving a boost to the Make in India initiative. The base date for the new thematic index is April 2, 2018, and the base value is 1,000. The index will be reconstituted semi-annually and rebalanced on a quarterly

FAME must include tractors and LCVs: TII's exec chairman Arun Murugappan

Murugappan discusses the EV road map, semiconductor plans, and the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India III (FAME III) wish list

PMI Electro Mobility faces subsidy fraud allegations under FAME scheme

The Ministry of Heavy Industries has now formed a team for a second probe into the allegations against PMI Electro

MG Motor, HPCL join hands to enhance EV charging infra across India

MG Motor India on Wednesday said it has joined hands with Hindustan Petroleum Corporation Ltd (HPCL) to expand EV charging infrastructure across the country. As per the collaboration, MG and HPCL will together install 50kW/60kW DC fast chargers at key locations covering highways and cities across India, the automaker said in a statement. The partnership focuses on providing convenience to EV users by increasing the availability of EV chargers during their long distance and intercity commutes, it added. "HPCL's vast network and significant presence in India will ensure that existing and prospective EV users across the country have convenient access to our charging solutions," MG Motor India Chief Growth Officer Gaurav Gupta said. HPCL Chief General Manager - Highway Retailing Rajdip Ghosh said the company has a nationwide network of over 22,000 fuel stations and is committed to a sustainable future by providing green fuel to the customers. Furthermore, HPCL aims to install 5,000 ..

EV incentive scheme FAME 3 to roll out with Rs 10,000 crore outlay

Companies seeking incentives for the sale of electric vehicles will be required to apply for fresh certification under FAME-III

Volkswagen to develop low-cost electric car to tackle Chinese rivals

The target is to produce electric vehicles for the European market priced at around 20,000 euros ($21,746), Volkswagen said, adding that a world premiere was planned for 2027

China's BYD launches new hybrid vehicle tech with lower fuel consumption

Plug-in hybrids priced from 79,800 yuan ($11,011) have made up the bulk of BYD's sales in the past three years, with an accumulated 3.6 million such cars sold by the company

Toyota showcases next-generation engines adaptable to different fuels

It displayed in-development 1.5 litre and 2.0 litre engines with significantly reduced volume and height versus current engines