Page 97 - Electric Vehicles

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

Global EV battery market to grow fivefold to $616 billion in 2035

Demand for EV battery production is expected to reach 5.3 terrawatt hours (TWh) globally in 2035, compared with 687 gigawatt hours (GWh) predicted for 2023

Govt catching up, plans to develop infra to assess new-tech vehicles

Latest technology vehicles refers to test vehicles that feature internet-enabled technologies

Indian Rare-Earths eyes 400% expansion for clean energy transition

State-owned IREL (India) Ltd. aims to mine 50 million tonnes a year of rare-earths bearing ore by end-2032, up from 10 million tonnes now

Euler Motors lays off around 200 employees amid restructuring

As per the company's LinkedIn page, Euler Motors has over 500 employees in the startup. However, according to sources the number of impacted employees stands at around 200

'Eastern India's largest' public EV charging hub comes up near Kolkata

The West Bengal Housing Infrastructure Development Corporation (WBHIDCO) in partnership with a private firm Powerbank has established "Eastern India's largest" public fast charging hub for electric vehicles (EVs) near Kolkata. The EV Charging Hub located at New Town is currently capable of fast-charging 25 vehicles at a time, WBHIDCO said in a statement. Further expansions will allow 50-75 vehicles to enjoy fast charging and slow charging facilities. The public can access these charging facilities in a hassle-free manner through the Powerbank EV charging mobile application," it said. The charging hub is located near the Biswa Bangla Convention Centre, owned by WBHIDCO, an agency of the West Bengal government.

MG Motor to launch Comet EV in India on April 19; check details here

Comet EV will be one of the most affordable electric cars on the market and is expected to be in direct competition with Tata Tiago EV

Facilitated around 2300 EV charging points in Delhi, 900 more coming: BSES

BSES discoms BRPL and BYPL have facilitated the installation of around 2300 charging points in Delhi for electric vehicles (EVs) and are in the process to set up 900 more in the coming months, company's officials said on Tuesday. The 2300 charging points installed at over 900 locations across south, east, central and west Delhi include 1,123 private ones, 745 public and 419 for captive BSES use, the officials said. The company is in talks with several partners to expand the charging infrastructure further, they said. "BSES will facilitate the installation of additional 900-plus charging points over the next few months," an official said, adding BSES discoms aim to convert their entire fleet of vehicles to EVs by 2030. Presently, BSES has 80 EVs and the number is expected to reach to 150 in the next two years, they said. The Delhi government's EV policy aims to accelerate the adoption of electric vehicles in the city to reduce air pollution and improve public health. The policy ...

Electric 2-wheeler sales rise over two-and-half fold to 846,976 units: SMEV

Electric two-wheeler sales in India rose over two-and-half fold to 8,46,976 units in 2022-23 over the previous fiscal, Society of Manufacturers of Electric Vehicles said on Monday. Total sales of e-two-wheelers (E2W) were at 3,27,900 units in 2021-22. Citing data sourced from manufacturers, Society of Manufacturers of Electric Vehicles (SMEV) said FY23 saw sales of 1.2 lakh low-speed (LS) e-scooters with top speed less than 25 km/hr. "In the electric two-wheeler segment, the industry sold 7,26,976 high-speed E2W (top speed more than 25km/hr) in FY 2023," it added. In 2021-22, sales of low speed e-scooters were at 75,457 units, while those of high speed e-scooters were at 2,52,443 units. SMEV said in FY23 E2W adoption ended "with an annual shortfall of more than 25 per cent over the minimum target set by Niti Aayog and various research organisations". The industry body said withholding of subsidies under FAME II for not complying with Phased Manufacturing Programme (PMP) guideline

Tesla to build new Shanghai factory for Megapack battery, says report

The company led by Elon Musk, who is visiting China this weekend, made the announcement at a signing ceremony for the project in Shanghai, the report said

South Korea to offer $5.3 bn in financing to domestic EV battery firms

South Korea will extend 7 trillion won ($5.31 billion) in financial support to domestic battery makers over the next five years to help them respond to the United States' Inflation Reduction Act (IRA)

Tesla slashes prices of its electric vehicles in US to spur demand

Tesla doubling down on a discount drive against the backdrop of a weakening economy

Biden is set to propose toughest-ever rules on car pollution to spur EVs

Limits on car pollution are key to helping the US meet its Paris Agreement commitment to slash greenhouse gas emissions by at least 50% from 2005 levels by the end of the decade

Delhi to have 100 EV charging station with lowest rates by July-end: Atishi

Delhi is likely to have 100 "world-class" electric vehicle (EV) charging stations with the "lowest charging costs in the world" by the end of July this year, Delhi Power Minister Atishi said on Thursday. She further said EV charging rates in Delhi are the "lowest in the world" at less than Rs 3 per unit. Atishi said she has instructed officials to ensure that 50 EV charging stations are ready by the end of April, and all 100 by the end of July. "Under the leadership of Chief Minister Arvind Kejriwal, Delhi is leading the EV revolution in India. Over 16.7 per cent of total vehicles sold in the capital are electric, the highest share of EVs in total sales across the country," she said. Reviewing the progress of work to set up charging stations, the power minister asked officials to ensure timely completion of the project taken up on public-private partnership mode. The 100 EV charging stations will be established at metro stations, bus depots and public places across the city. Durin

EV maker e-Sprinto to roll out 4 new high-speed scooters this year

Electric two-wheeler maker e-Sprinto on Wednesday said it is looking to roll out four new high-speed scooters this year. Among the four new e-scooters, including Sprinto HS, one will cater to the B2B sector while the remaining three will be for B2C segment, the company said in a statement. The startup currently has a streamlined product portfolio in the low-speed category, consisting of e-Sprinto and e-Sprinto BB models of electric scooter. The company said its forthcoming range of scooters will cater to both the business-to-business (B2B) and business-to-consumer (B2C) segments, offering a diverse range of features and capabilities. "We are delighted to reveal our highly anticipated range of high-speed scooters that we are confident will establish a new industry benchmark. We firmly believe that our new line of scooters will deliver an exceptional riding experience, exceeding our customers' expectations," Atul Gupta, Co-founder and Director of e-Sprinto, said.

Honda Motorcycle & Scooter India shuffles top management ahead of EV foray

HMSI is establishing a new scooter manufacturing line at its Vithalpur factory in Gujarat. This is expected to boost its exports from India

EV sales on the rise in March; industry needs policy clarity, says FADA

The industry body says while EV segment as a whole grew by 157% during FY23, govt policy should be clear on how much manufacturers can get and how to encash on the subsidy

Tesla continues to dominate US EV market with a share of over 50%

Elon Musk-run Tesla remains the market leader in the electric vehicle (EV) market in the US with more than 50 per cent share, selling more cars than the other 17 automotive groups combined

Kia to open bookings for 2023 version EV6 priced Rs 60.95 lakh from Apr 15

Kia India on Wednesday announced opening the bookings for the 2023 version of its electric vehicle EV6 from April 15. The 2023 EV6 will be available in two variants -- GT Line and GT Line AWD at an ex-showroom price of Rs 60.95 lakh and Rs. 65.95 lakh respectively, the company said in a statement. "For this year, we are focussing on importing more products to cater to the audiences who couldn't get their hands on the premium car last year by expanding our dealer network," Kia India MD & CEO Tae-Jin Park said. The company, which had sold 432 units of EV6 in 2022, further said it plans to expand the 150 kW high-speed charger network from the existing 15 dealerships to all 60 outlets. * ** ** ** ** ** ** ** Tata Motors appoints Inchcape as commercial vehicles distributor in Thailand * Tata Motors on Wednesday announced a partnership with Inchcape plc for distribution of its commercial vehicles in Thailand. Inchcape comes with a rich experience, expertise and strong understanding of

What higher oil prices mean for the fight against climate change

In the past year, soaring energy prices and Russia's invasion of Ukraine have been accelerants and a curse for the transition away from dirty fuels