Starting October 14, Uttar Pradesh will provide EV incentives only to vehicles that are manufactured, sold, and registered within the state, aiming to boost local production and employment
Delhi government's upcoming EV policy is expected to double two-wheeler subsidies, expand charging infrastructure, and offer tax perks for scrapping ICE vehicles
Ather Energy shares slipped in trade after the company disclosed supply chain disruptions following China's export ban on certain heavy rare earth magnets.
The state registered sales of about 370,000 electric vehicles in FY25, ahead of Maharashtra (240,000), Karnataka (170,000) and Tamil Nadu (132,000)
Government think tank Niti Aayog on Monday pitched for a National EV policy with clear targets and timelines to fast-track India's electric mobility transition. The Aayog, in its report titled 'Unlocking a USD 200 Billion Opportunity: Electric Vehicles in India', further recommended expanding corporate average fuel efficiency (CAFE) norms to a wider segment of vehicles. The report called for establishing a National EV policy with clear targets and timelines, and a regulatory framework with phased EV mandates. It also pitched for a clear policy, with target timelines, for zero-emission vehicle (ZEV) adoption. "Create a pooled fund with contributions from the public budget and multilateral development banks for providing lower-interest loans for the procurement of e-buses and e-trucks," the report said, and suggested designing and launching an appropriate scheme to channel funds. The Aayog also called for prioritising service delivery models over asset procurement, shifting capital
The policy framework was discussed at a meeting held here in presence of Usha Padhee, principal secretary, Commerce & Transport, and Vishal Kumar Dev, principal secretary, Energy
By 2030, the penetration of EV sales would be 70 per cent of all new commercial cars, 30 per cent of private cars, 40 per cent of buses, and 80 per cent of two- and three wheelers
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As of now, the plan is to extend coverage to all sectors or all aspects of batteries like data centres, telecom towers, power backups, etc
Toll waivers on major highways may impact cash flows of operators like IRB, but low EV penetration and expected compensation make long-term effect minimal
In FY25 alone, India recorded 1.96 million EV sales, with a penetration rate of 7 per cent, says Gagan Sidhu
The Centre notified SMEC in March last year to turn India into a hub of electric vehicle (EV) manufacturing
The expansion plan involves 1,401 kilometres in the west and 2,164 kilometres in the east, targeting 13 highways
Delhi Transport Minister Dr Pankaj Kumar Singh on the EV policy said that all vehicles will continue to ply
Global sales of fully electric vehicles and plug-in hybrids (PHEV) rose 17.7 per cent year on year to 1.3 million in January, the third consecutive month of slowing growth
Japan's Suzuki Motor Corporation plans to enter the electric small car segment in future after gathering experience from its first EV, SUV e VITARA which will make its global debut in India which will be the company's production hub, its Representative Director and President Toshihiro Suzuki said on Thursday. The Japanese carmaker also believes that despite declining sales, small cars will not cease to exist in India, where its subsidiary Maruti Suzuki India is the market leader, as "one billion people" who are likely to upgrade from two-wheelers to four-wheelers in future would still need affordable cars, Suzuki told reporters here in an interaction. Maruti Suzuki India will unveil the e VITARA on Friday at the Bharat Mobility Global Expo 2025 being held at Bharat Mandapam. "Although we are launching our first EV, e VITARA, my personal feeling is that the compact vehicles will be the best for EVs... (but) I think first one has learn and master properly the manufacturing techniques
The Ezio EV will be a quadricycle-like, two-door, two-seat model delivering a claimed range of up to 200 km
According to the documents presented in the Delhi assembly on Wednesday, the government has allocated additional funds of Rs 400 crore in revised estimates for 2024-25 under the Scheme MLALAD
Under the policy announced in March, an automaker investing at least $500 million to manufacture EVs in India with 50 per cent of components sourced locally is entitled to a huge cut on import taxes
India needs investment worth USD 20-30 billion in the EV charging infrastructure to double the pace of growth of the segment, industry body IESA said on Thursday. It is a very niche segment which has just started picking up in the country, India Energy Storage Alliance (IESA) President Debi Prasad Dash said. Sharing his estimates, Dash said the EV charging infrastructure segment is growing at a rate of 25-30 per cent currently in India. To double this growth, investments worth USD 20-30 billion would be required, he said at the 'IESA India EV Fast Charging Summit' in the national capital. On PM E-Drive Scheme, Dash said "We (industry) all are waiting for the scheme to be floated. A few of the things the government is considering before outing the full scheme is they are trying to (figure out) state-wise demand allocation, considering the density of the vehicles in different localities in states and cities." It will give a boost to the EV Charging space and adoption of EVs in the .