Page 61 - Electric Vehicles

Electric vehicle industry continues to lose charge on localisation woes

Poses a hurdle as cells, which account for half the EV price, continue to be imported

Researchers use caffeine, AI as ways to boost EV efficiency, trim costs

In one of many novel discoveries uncovered by scientists in the alternative-energy field, researchers in Japan have found a way to boost efficiency and trim costs. Their secret is caffeine

Citing 'disparity', Electric two-wheeler manufacturers call for GST reforms

This is a major concern for the industry, especially for start-ups, as it increases costs and makes it difficult to manage working capital, the industry feels

Only 5% looking to buy 4-wheeler may purchase EV this year: Survey

Only 5 per cent of those looking to buy a four-wheeler in the country are likely to buy an electric car this year, according to a survey. The survey, based on the response of 40,000 people from across 319 districts, also found that more than half of the "existing or prospective car owners" are willing to buy an electric car if it is available in the Rs 8-10 lakh price range. Car sales in India crossed 4 million units last year while 72,321 electric four-wheelers were registered, according to the survey conducted by online consumer pulse aggregator platform, LocalCircles. If the 5 per cent of the existing/prospective car owners, as found in the survey, buy one car each and the annual car sales maintains the 2023 numbers, it indicates a demand of 200,000 electric cars this year, LocalCircles said. Of the 40,000 respondents who participated in the survey -- conducted over a period of three months -- 42 per cent are from tier-1 cities, 34 per cent from tier 2 and the remaining 24 per c

New Rs 500 crore scheme to promote e-mobility kicks in from Monday

The new Rs 500 crore scheme to promote electric mobility in India will come into force from Monday and continue till the end of July. Meanwhile, the second phase of FAME, or Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) programme, ends on March 31, 2024. Subsidies under the FAME scheme will be eligible for e-vehicles sold till March 31, or till the time funds are available. The Rs 500 crore Electric Mobility Promotion Scheme 2024 (EMPS 2024) scheme is being introduced by the Ministry of Heavy Industries to further accelerate the adoption of electric vehicles (EVs) in the country. Under EMPS 2024, a support of up to Rs 10,000 per two-wheeler will be provided. The aim is to provide support for about 3.33 lakh two-wheelers. A support of up to Rs 25,000 will be given for the purchase of small three-wheelers (e-rickshaw and e-carts). More than 41,000 such vehicles will be provided incentives under the scheme. The financial support will be up to Rs 50,000 in

India's share in global electric PV market may rise to 7% by 2040

Penetration likely to remain lower than global average

ESAF SFB to focus on solar rooftop and electric vehicle financing

Climate change remains a significant risk factor for the bank due to its impact on agriculture-dependent customers

Xiaomi launches electric vehicle SU7 in China, starts from $30,000

Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country's booming but crowded market for electric cars with a sporty high-tech sedan. The tech company began accepting orders in China via an app on Thursday night, after founder Lei Jun wrapped up a more than two-hour presentation on the SU7 car by announcing the much-awaited price range: 215,900 yuan to 299,900 yuan (about USD 30,000 to USD 40,000). Xiaomi said that it received 50,000 orders for the SU7 in the first 27 minutes after sales opened at 10 p.m. Beijing time (1400 GMT). Government subsides have helped make China the world's largest market for electric vehicles, and a bevy of new makers are locked in fierce competition. Most of the industry's sales have been domestic, but Chinese makers are pushing into overseas markets with lower-priced models, posing a potential challenge to European, Japanese and American auto companies. Lei wasn't bashful about that challenge, saying that Beijing-based

India to send delegations to Chile seeking lithium and copper assets

Chile is a key target as it is the world's biggest supplier of copper and the second-biggest producer of lithium, which are essential for electric vehicle batteries and renewable energy systems

Zetwerk bags order from Indian Oil to set up over 1,400 EV fast chargers

Manufacturing unicorn Zetwerk on Thursday said it has bagged the largest order from India Oil Corporation to set up over 1,400 fast chargers for electric vehicles across the country. Indian Oil has floated a tender for 6,000 chargers, in which 40 EV suppliers across the country participated. "Zetwerk has secured an order with Indian Oil Corporation Limited (IOCL) to set up EV fast chargers across India through competitive bidding which was participated by more than 40 leading EV suppliers across the country," the company said in a statement. Zetwerk said that it has bagged the largest order from the public sector oil marketing company. "These charging stations will be deployed as per requirement across IOC outlets, providing a seamless charging experience. By conveniently locating these stations in major cities, we will enable the widespread adoption of EV mobility and drive the nation towards a sustainable future," Zetwerk Business Head - Renewables Abhay Adya said. Under the ...

Electric two-wheeler companies to bear the brunt of paused FAME sops

Companies likely to lose Rs 20k per vehicle if they are not registered on time and subsidy not granted

Tata Motors unit, HPCL partner to install 5,000 EV charging stations

Tata Passenger Electric Mobility on Wednesday said it has tied up with Hindustan Petroleum Corporation Ltd to set up 5,000 public charging stations across the country by the end of the year. The collaboration will leverage Hindustan Petroleum Corporation Ltd (HPCL's) fuel station network and company's insights from over 1.2 lakh Tata EVs on Indian roads, to set up chargers at locations frequently visited by Tata EV owners, Tata Passenger Electric Mobility (TPEM), a unit of Tata Motors, said in a statement. Both entities have inked an Mou in this regard, it added. The companies are also exploring the introduction of a convenient payment system through a co-branded RFID card, which will make the charging experience hassle-free. HPCL has a nationwide network of over 21,500 fuel stations and aims to install 5,000 electric vehicle charging stations by December 2024. "This strategic partnership with HPCL emphasises our dedication to advancing India's EV ecosystem in which the growth of

Nissan will invest in Renault EV unit even though IPO scrapped: CEO

"Therefore, regardless of the IPO whatsoever, we are looking at Ampere. We are already discussing about Ampere, our investment."

China set to challenge US electric vehicle plans at WTO, says report

China said it was contesting 'discriminatory subsidies' under the US Inflation Reduction Act that it said resulted in the exclusion of goods from China and other WTO countries

Slippery road: India's clean energy drive faces a tricky patch of taxation

The elephant in the room is Rs 7.5 trillion a year in revenues to the exchequer

New electric vehicle scheme links lower import duty with FDI

EVs attract a BCD of 100 per cent for those priced above $40,000 per unit and 70 per cent BCD for those priced at $40,000 or less

India's push for EVs may lead to entry of Chinese firms in mkt: GTRI

The Indian government's push to boost domestic manufacturing of electric vehicles (EVs) may lead to large-scale entry of Chinese auto firms in the local market, a report by think tank GTRI said on Sunday. China's automotive industry, buoyed by substantial state support, has grown rapidly in electric vehicle technology, making it a leading exporter of EVs and related components, the Global Trade Research Initiative (GTRI) said. The renewed policy push to make India a hub for e-vehicle manufacturing and efforts of the private sector will lead to a sharp increase in dependence on auto component imports from China, the report said. India's auto component imports were USD 20.3 billion in 2022-23 of which 30 per cent came from China. As the EVs are getting greater focus in the country, the auto component imports from China may increase further because it has a greater hold over the EV components' global supply chain. According to estimates, China has 75 per cent of the world's battery .

Uno Minda partners with Starcharge Energy to manufacture, sell EV chargers

Auto components maker Uno Minda on Friday said it has tied up with Starcharge Energy to manufacture and sell electric vehicle supply equipment in the country. The company has entered into a technical license agreement with Starcharge Energy Pte for wall-mounted AC chargers designed for home charging. "This collaboration further strengthens our dedication to 'Make in India' and for accelerating the nation's transition to a sustainable and electrified future," Uno Minda Group CMD Nirmal K Minda said in a statement. StarCharge, a global leader in electric vehicle charging infrastructure and microgrid solutions, operates in 67 countries and regions with manufacturing facilities in the US, Vietnam, and China. "We are optimistic about the outlook for EV adoption in India and believe there will be tremendous opportunities for home charging solutions," StarCharge Chairperson Shao Danwei stated.

EMPS 2024: Electric two-wheeler makers fear Rs 300 cr blow from new scheme

OEMs meet ministry officials, flag four key concerns

M&M, Adani Total Energies join to set up EV charging infra across India

Mahindra & Mahindra on Thursday said it has tied up with a unit of Adani Total Gas to establish electric vehicle charging infrastructure across the country. The auto major and Adani Total Energies E-Mobility Ltd (ATEL) have inked a memorandum of understanding (MoU) in this regard. The MoU sets a roadmap for the creation of an expansive EV charging infrastructure across the country, it added. Moreover, the partnership will also entail rolling out e-mobility solutions to provide seamless access to the charging network for the customers covering discovery, availability, navigation, and transactions, the Mumbai-based automaker said. With this association, electric vehicle XUV400 customers will now have access to more than 1,100 chargers, it added. "This alliance is a cornerstone in enhancing the EV charging infrastructure, ensuring our customers enjoy seamless access to charging network and digital integration for an unparalleled EV experience," M&M President - Automotive ...