Page 76 - Electric Vehicles

In a blow to Tesla, Indian govt says not planning to reduce EV import tax

Parkash said existing policies under the government's "Make-in-India" push are aimed at encouraging domestic and foreign investment in the EV industry

No proposal to provide subsidy on import duty on EVs into India yet: Govt

There is no proposal to provide subsidy on import duty on imports of electric vehicles into the country, Parliament was informed on Wednesday. Minister of State for Commerce and Industry Som Parkash said the government has taken a series of policy initiatives and measures to create a conducive ecosystem to promote industrialisation and domestic value addition and to make India globally competitive. The government has also taken various steps to boost domestic and foreign investments in India to enhance local value addition under Make in India initiative, the minister said in a written reply to the Lok Sabha. "Presently, there is no proposal either to provide exemption from local value addition cost or to provide subsidy on import duty on import of electric vehicles in India," Parkash said. He also informed that the government has launched the Production Linked Incentive (PLI) scheme for automobile and auto component industry with a budgetary outlay of Rs 25,938 crore to provide ...

Amid overall electric vehicle boom: E-bus market share falls to under 3%

Industry experts attribute the decline to delays in bus supply from original equipment manufacturers (OEMs) and the lack of state government's efforts in enforcing timely procurement

For EV battery infra: Gogoro open to commit billions to India story

Taiwan's electric vehicle giant unveils first e-scooter in India

Tata Motors secures first CMVR approval for its hydrogen FCEV buses

FCEV is a type of electric vehicle that uses hydrogen fuel cells to generate electricity instead of relying solely on batteries

Hindalco to invest Rs 800 cr for 25,000-tonne battery foil plant in Odisha

Hindalco Industries said that it has already achieved the technology breakthrough of manufacturing battery foils at its Mouda unit in Maharashtra

Ola Electric registers Rs 2,782 crore revenue in FY23, losses down 43%

The Bhavish Aggarwal-led company said that it has set in motion a few initiatives for strong growth and profitability in the near future

Kinetic's high-speed e-scooter Zulu comes with battery subscription plan

The battery subscription model is claimed to have reduced the acquisition cost by over 35 per cent and offers significant savings on running costs

FAME subsidy needed for 3-5 years: Kinetic Green founder and CEO

Motwani spoke about the need to have subsidies under Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) for three-five year

JSW Group, China's SAIC Motor begin negotiations on royalty fees

China's largest auto firm keen to get higher royalty fee; JSW group wants to go with industry benchmark

Tata Passenger Electric Mobility arm ties up with 4 charge point operators

Tata Passenger Electric Mobility (TPEM) on Monday said it has tied up with charge point operators Chargezone, Glida, Statiq, and Zeon. The company, a part of Tata Motors, has inked a memorandum of understanding (MoU) with the four charge point operators (CPOs). TPEM will actively assist the four CPOs in installing chargers at locations most frequented by its EV owners and share insights on how the chargers are being used to help understand and enhance customer experience, the Mumbai-based auto major said in a statement. Through this MoU, TPEM will also work with Chargezone, Glida, Statiq, and Zeon to explore the possibility of rolling out a smart payment gateway through co-branded RFID cards, respectively, that will enable ease of payment for Tata EV users. "EV adoption is a national imperative to address urban pollution, and convenient charging infrastructure is a key enabler for driving faster EV adoption. The need of the hour for accelerating a nationwide charging ecosystem is

Tata Power, Indian Oil tie up to deploy 500 EV charging points across India

Tata Power on Monday said its subsidiary Tata Power EV Charging Solutions has inked an agreement with India Oil Corporation Ltd (IOCL) to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. Tata Power will install EV charging points across multiple IOCL retail outlets, a statement said. Tata Power EV Charging Solutions Limited (TPEVCSL), a Tata Power Group Company and one of the leading EV Charging solutions providers, and the IOCL have signed a memorandum of understanding (MoU) to roll out fast and ultra-fast electric vehicle (EV) charging points across India. These EV charging points will be installed in major cities like Mumbai, Delhi, Kolkata, Bengaluru, Ahmedabad, Pune, and Kochi, as well as across major highways such as the Mumbai-Pune Expressway, Salem-Kochi Highway, Guntur-Chennai Highway and the Golden Quadrilateral. This strategic collaboration focuses on building a reliable and expansive intercity charging network which will help

Tata Power ties up with Indian Oil to set up over 500 EV charging stations

IOCL said it is aiming to provide 10,000 EV charging stations in India by 2024 transforming the retail network to complete energy solutions outlets

China may achieve circular economy in EV batteries before EU, US: Study

Researchers have predicted that China could achieve a circular economy in electric vehicle batteries before Europe and the US. They said that 2059 onwards, China will be able to employ recycling to meet its own demand for primary lithium for electric vehicles, obtained through mining. However, Europe and the US will not achieve this feat until after 2070, the scientists from the University of Mnster, Germany, said. They conducted an analysis to find when the demand for the three most important raw materials for batteries -- lithium, cobalt and nickel - could be met entirely through recycling in Europe, the US and China and when a completely circular economy would be possible in this segment in these regions. The research team has published its findings in the journal Resources Conservation and Recycling. With regards to cobalt, the researchers found that China would be able to meet its needs through recycling after 2045, at the earliest, whereas in Europe and the US, this would no

Need consistent EV policy, no need for company-specific sops: FICCI

The government should not dilute Make in India initiative and follow a consistent policy, Ficci EV Committee Chairperson Sulajja Firodia Motwani said amid a push from American electric carmaker Tesla for special sops to set up its factory in the country. Motwani, the founder and CEO of Kinetic Green which sells battery-operated three-wheelers, scooters, e-cycles, and buggies, also emphasised creating a holistic ecosystem for the growth of the electric vehicle segment. She also batted for the continuation of incentives for buying EVs to sustain the demand for the next few years. Motwani also noted that the industry body is also pushing for the inclusion of electric cars priced up to Rs 20 lakh to get incentives under the third iteration of the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) India scheme. "I strongly feel that the Make in India policies that the government has put in place, there should not be any reversal because now people have started ...

China to set up auto research institute in Thailand as EVs gain traction

Thai govt tax incentives and subsidies already drawn Chinese carmakers, including BYD and Great Wall Motor, which committed to investing $1.44 billion in new production facilities in the country

EV retail sales grow 25.5% to 152,606 units in November, says Fada

Electric vehicle total retail sales, including passenger and commercial vehicles, grew 25.5 per cent to 1,52,606 units in November, according to data released by the Federation of Automobile Dealers Association (FADA) on Thursday. The total EV retail sales in November 2022 were recorded at 1,21,596 units, according to FADA. The e-two-wheeler sales were 18.82 per cent higher at 91,243 units during the previous month from 76,791 units in November 2022. The e-three-wheeler volume rose 32.37 per cent to 53,766 vehicles in the reporting month as compared to 40,619 units retailed in the year-ago period, the data showed. Electric passenger vehicles retail sales in November this year stood at 7,064 units, a growth of 77.35 per cent over 3,983 units in the same month of last year. The electric commercial vehicle (e-buses) retail sales were reported at 533 units in the previous month as against 203 units retailed in November 2022, registering a year-on-year growth of 162 per cent, it said.

How growing electric vehicles' sales are speeding end of the oil age

The Paris-based International Energy Agency (IEA), a grouping of 29 industrialized nations, expects world oil consumption to hit its zenith at the end of this decade at 103 million barrels per day

Bihar govt to provide up to Rs 1.25 lakh, 75% tax relief to promote EVs

The first 1,000 electric cars purchased for personal use will get the benefit of a Rs 1.25 lakh incentive. There is a similar scheme for the first 10,000 two-wheelers

Kia India onboards multiple charge point operators for EV charging

Kia India on Wednesday announced onboarding multiple charge point operators (CPOs) for EV charging and the addition of a new feature, 'K-Charge', in its charging app. The new feature in the 'MyKia' app allows users to discover over 1,000 EV charging stations nationwide, the company said in a statement. Besides, the carmaker has also extended access to this charging network to non-Kia customers, Kia India said. Kia has collaborated with five CPOs -- Statiq, ChargeZone, Relux Electric, Lion Charge, and E-Fill -- to enable this initiative, the company said. "K-Charge is not just a convenience initiative for our customers but a step towards making sustainable mobility convenient and accessible for everyone. We strongly believe that the technology transition towards a complete EV future ought to be smooth, and the K-Charge, integrated into the 'MyKia' app, is a well-thought-out step in that direction," Hardeep Singh Brar, national head of sales and marketing at Kia India, said. With th