Page 96 - Electric Vehicles

30% of our sales could come from EVs in FY24: MG Motor India President

Comet will be MG Motor's second EV in the Indian market

Tata Motors to JBM: Bus makers shun govt contracts over payment concerns

Prime Minister Narendra Modi's government wants to deploy 50,000 electric buses countrywide over the next few years which is estimated to cost $12 billion

Log9 commissions country's first commercial Li-ion cell manufacturing line

The company launched the commercial Li-ion cell production facility at its campus in Jakkur, Bengaluru; the plant has an initial capacity of 50 MWh

Chile to nationalise vast lithium industry, unveils model to share resource

Shock move in country with world's largest lithium reserves would in time transfer control of Chile's vast lithium operations from industry giants SQM and Albemarle to a separate state-owned company

Toyota's new president Koji Sato vows to step up electric vehicle push

Toyota's new president Koji Sato has promised what he called an aggressive shift on electrification, while acknowledging criticism that Japan's top automaker has fallen behind in actual volumes of electric vehicles sold compared to its rivals. We like to see that as people cheering Toyota on, to play catchup in electric cars, Sato told reporters Friday at Toyota Motor Corp.'s Tokyo headquarters. If we look at in practical terms of the situation today, we have done a great deal in reducing carbon emissions, he said, defending the automaker's record on other gas-sipping technologies. Toyota is a leader in hybrids, which have both a gasoline engine and electric motor, and Sato stressed that different markets have varying powertrain needs, with emerging markets being slower to adopt pure electric vehicles. But he said pure electric vehicles allow for more software functions because of their connectivity and other features, stressing that Toyota's electric vehicles would highlight ...

Ford's F-150 leaves tough choices for buyers seeking EV tax credits

Dozens of other electric cars and trucks didn't make the cut, either because they aren't manufactured in the US or don't use American parts and pieces

Tata Nexon EV catches fire in Pune, company blames headlamp replacement

A Tata Nexon EV caught fire in Pune and the company said the incident occurred due to the replacement of the original headlamp at an unauthorised workshop, according to media reports

Jaguar Land Rover revs up for electric race; can it meet its 2030 target?

JLR aims to become electric-first luxury carmaker, to invest 15 bn pounds over next 5 years

Street positive on JLR's electric vehicle strategy, sales outperformance

Higher volumes needed to offset the near term pressure on financials

A breakthrough in EV battery tech

Sodium-ion battery offers a potential low-cost alternative to lithium-ion battery for India and presents an opportunity to achieve energy independence

PFC okays largest-ever Rs 633 cr EV financing facility to BluSmart Mobility

In the largest EV asset financing deal in India, the Power Finance Corporation Ltd (PFC) sanctioned a loan of Rs 633 crore to Gensol Engineering Ltd (GEL)

Jaguar Land Rover raises EV drive bill to £15 bn to catch up with peers

Jefferies, in a report this month, noted that JLR had been focusing on improving profit and cash flow with an emphasis on selling higher-margin SUVs

BIS to include more sectors under green standards, seeks suggestions

These aim to reduce impact of human activity and promote efficient use of resources

Volkswagen to launch its first electric vehicle ID.4 in India by 2024

ID.4 was launched globally in 2021 and is based on the ID Crozz concept, showcased at India's 2020 Auto Expo

Unpaid subsidies worth Rs 1,200 cr leading to liquidity crisis: SMEV

Call for the industry and the government to work together to solve the issues

EV industry body seeks Parl's intervention in release of pending subsidies

Electric vehicle industry body SMEV on Tuesday appealed to a parliamentary panel to direct the government to release the pending subsidy of Rs 1,200 crore earmarked for the liquidity-hit sector. In a petition to the Parliamentary Standing Committees on Industry and Estimates, the Society of Manufacturers of Electric Vehicles (SMEV) stated that EV adoption is slowing down due to the financial stress being faced by the industry. The industry body said the EV segment has been besieged by irritants designed to disturb the momentum of the FAME 2 scheme. "Now that the country is almost ready with the entire supply chain, the only thing holding up the sector is the Rs 1,200 crore worth of subsidies that have been withheld leading to a serious liquidity crisis in the industry," it said. The need of the hour is for the government and the industry to work together to resolve issues and put India back on track to meet its electric mobility targets, the petition said. In December last year, U

Volkswagen plans to bring its first electric SUV in India next year

German carmaker Volkswagen plans to bring its first electric vehicle in India next year with the launch of premium electric SUV ID.4 to tap the opportunity in the fast growing electric mobility space in the country, a senior company official said on Tuesday. By 2030, Volkswagen expects 25-30 per cent of its total sales in India to come from EVs and the rest from internal combustion engine vehicles. The company, which has introduced a slew of new variants of its existing conventional engine models, Taigun and Virtus, is looking at a sales growth of 40-45 per cent this year. Volkswagen Passenger Cars India Brand Director Ashish Gupta said the company is following a two-pronged strategy of premiumisation and electrification to strengthen presence and enhance its position in India. "Our strategy is very clear. One is premiumisation and the second has to be naturally in line with global positioning, electrification," he told PTI here in an interaction. Asserting that electrification ha

Electric vehicle adoption levels in India to see exponential growth: Report

The growth in electric vehicle sales in India is likely to continue for the rest of the decade, with two and three-wheelers expected to dominate EV sales in the near future, according to a report. The jointly prepared report by KPMG and CII, released on Monday, also said that EV adoption is expected to see an inflexion point once all vehicle segments show significant ownership savings over the vehicles powered by internal combustion engines. The shift to EVs is no longer an uncertainty but only a question of when, the report said. Adoption levels are expected to see exponential growth in future with developing infrastructure, government incentives and the launch of new EV models, KPMG said in a release. Technology is at the forefront of the EV revolution. The shift from ICE to EV has increased the electronics content from 16 per cent to 55 per cent in a vehicle with the addition of new features and controls, it said. Many of these technologies are going to become standard offering

EPA predicts 67% of US vehicle sales will have to be electric by 2032

To hit the targeted reductions, the Environmental Protection Agency predicts that 67% of US vehicle sales will have to be electric by 2032

Only Rs 180cr earmarked for electric vehicles' chargers under FAME-II

Around Rs 3,000 crore out of the total allocation of Rs 5,171.97 crore for the FAME-II scheme in the union budget for 2023-24, has been earmarked for electric buses