Ev Policy

Delhi govt increases budget outlay by Rs 1,700 crore to Rs 77,700 crore

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

Govt to expand EV manufacturing incentives after Tesla disappointment

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 up to $30 bn for EV charging infra to double growth pace: IESA

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 .

Germany's new lithium deal aims to reduce Europe's reliance on China

German Chancellor Olaf Scholz was in Serbia on Friday to discuss a tentative deal with the Balkan country to excavate lithium, a mega project that could reduce Europe's dependency on China but one that has been fiercely criticised by environmentalists and opposition groups. Germany, the largest carmaker in Europe, is seeking to secure lithium for its electric vehicle makers as the European Union struggles to reduce its dependence on imports from China. Lithium is a critical substance in making batteries for electric vehicles China currently dominates the supply chain for lithium-ion batteries. The excavation of lithium was back in the limelight after Serbia's constitutional court earlier this month overturned a previous ruling to cancel a USD 2.4 billion mining project launched by British-Australian mining giant Rio Tinto in the western Serbian valley of Jadar, which is believed to be the largest lithium discovery in Europe. The Serbian government's decision to cancel the excavatio

Centre likely to roll out electric vehicle policy guidelines by Sept-end

The scheme provides a window of 120 days or more from the date of its notification to receive applications

Is govt's new EV policy seeing a muted response from car companies?

The Ministry of Heavy Industries, responsible for automotive industry matters, has conducted one round of consultations with carmakers but has not yet secured significant commitments

Expecting good response from several firms on EV policy: DPIIT Secy

The government on Saturday said India is expecting good response from many automobile companies on its electric-vehicle (EV) policy, which was released in March to attract global players like Tesla. Secretary in Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that in the policy, the government has used tariff tweaks without actually spending any money to seek commitments from manufacturers to set up base in India. "Everybody talks about one company (US-based EV major Tesla), but we are expecting responses from many companies to that policy," Singh said here at CII's annual business summit. On March 15, the government approved an electric-vehicle policy, under which duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of USD 500 million, a move aimed at attracting major global players like Tesla. As per the policy, a company will get three years to set up manufacturing facilities i

US suggests additional tariffs if China moves EV production to Mexico

The Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed the office of the U.S. Trade Representative to impose a total tariff in excess of 102% on Chinese EVs, as well as directing new tariffs on other products including steel, aluminum, computer chips and solar cells. But Chinese EV company BYD has previously indicated that it was looking at factory sites in Mexico for the Mexican market, creating a possible loophole to avoid the expanded tariffs. Asked at the White House news briefing about new tariffs should Chinese companies launch production in Mexico, U.S. Trade Representative Katherine Tai said, Stay tuned. Tai said that additional tariffs would require a separate pathway from the Section 301 review of the Trade Act of 1974. That four-year review led to the tariffs on $18 billion worth of

Maruti Suzuki India plans to sell 2 million vehicles this fiscal year

The company, which is launching the new generation Swift and Dzire models later this year, is hoping to boost overall sales volume

New EV policy: No restrictions on imports from any country, including China

Last month, India announced lowering import taxes on certain electric vehicles produced by carmakers who commit to invest at least $500 million and start domestic manufacturing within 3 years

EV policy to encourage production of premium electric cars: Audi official

The new electric vehicle policy unveiled by the Indian government would encourage local production of premium electric cars in the country, a senior Audi AG executive said on Tuesday. Audi AG Vice-President, Sales Overseas, Andre Konsbruck said the Indian government is taking the right steps to accelerate the adoption of EVs in the country. "The government seems to be very committed to sustainability and to the electric future," he said in an interaction here while referring to the new electric policy. Konsbruck said that India is perhaps the first market where a specific regulation is targeted towards premium cars. "So it might really accelerate the localisation of premium electric cars, which will automatically then also drive the demand," he stated. Last week, the Indian government approved an EV policy, under which import duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of USD 500 million, a move aimed at ...

Finance Ministry approves additional Rs 1,500 cr for FAME-II scheme

Govt had till Dec 26 utilised Rs 8,948 crore of the Rs 10,000 cr allocated under the scheme

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 ...

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

Avoid exceptions

Govt should not change EV policy for one company

Centre weighs five-year tax cuts on EV imports to woo Tesla: Report

Opening up the EV segment could speed up the adoption of cleaner transport in a country that currently has the world's most toxic air

Next EV policy to boost charging infra: Delhi transport commissioner

Delhi Transport Commissioner Ashish Kundra on Monday said the next electric vehicle policy will be focussed on enhancing the charging infrastructure and expanding the financing basket for rolling out purchase incentives. The EV policy expired on August 8 after which the Delhi government extended the Delhi Electric Vehicle (EV) Policy, 2020. Kundra was speaking at a summit on clean transport organised by the International Council on Clean Transportation (ICCT) along with the Indian G20 Secretariat. The commissioner said the government will now go in for an electrification target under which by 2025, 80 per cent of the bus fleet would be electric. He said that the newer vehicle segment that could be targeted in the next EV policy could be light and medium-duty trucks or goods vehicles that are into intra-city operations. "For instance, garbage tippers or tankers or even school buses could be thought of," he said at the event.

Need for subsidy to come down as manufacturing gains scale: Nitin Gadkari

In the backdrop of Elon Musk-owned Tesla stepping up its India engagement, Gadkari said he was hopeful of Tesla entering the country

FAME and fortune

Controversy highlights hazards of subsidy-led manufacturing

Himachal working to reform transport sector, bring new EV policy: Deputy CM

Himachal Pradesh is taking steps to reform the state's transport sector with innovative ideas and will shortly introduce a new electric vehicle policy, Deputy Chief Minister Mukesh Agnihotri said on Monday. Agnihotri test-drove an electric vehicle from the Secretariat and inquired about its technical aspects. He said positive efforts would be made to radically change the transport sector. Discussions are being held at various levels to introduce the new policy, he said. "Initially, the operation of electric vehicles will be promoted at the Secretariat. Thereafter, their use will be increased in public transport," Agnihotri said. Environmental protection and promoting electric vehicles in the state, a popular tourism destination, are the priorities of the government. A decision will soon be taken about the purchase of electric vehicles, he said. The government will take appropriate steps to provide charging facilities. "In the initial phase, this facility will be provided in variou