Indian EV market likely to touch Rs 20 lakh crore by 2030, will create THIS many jobs
4 days, 6 hours ago

Indian EV market likely to touch Rs 20 lakh crore by 2030, will create THIS many jobs

India TV News  

Union minister Nitin Gadkari today said the Indian electric vehicle market potential is likely to touch Rs 20 lakh crore and it will create around 5 crore jobs across the entire EV ecosystem by 2030. Addressing the '8th Catalyst Conference on Sustainability of E-Vehicle Industry - Evexpo 2024', Gadkari said the estimated electric vehicles finance market size will be around Rs 4 lakh crore by 2030. "The Indian electric vehicles market potential is of Rs 20 lakh crore by 2030, creating five crore jobs across the entire EV ecosystem," he said. He said the size of India's automobile industry was Rs 7 lakh crore when he took charge as transport minister in 2014.

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History of this topic

PMI Electro to supply 250 electric buses to Mumbai municipality
2 weeks, 4 days ago

PMI Electro to supply 250 electric buses to Mumbai municipality

Live Mint  

Delhi-based PMI Electro Mobility Solutions Pvt Ltd will supply 250 electric buses to Brihan Mumbai Electric Supply & Transport Undertaking, which operates the financial capital's bus services, in different lots by the end of the second quarter of FY26, according to a company press release. A total of ₹4,391 crore is allocated for the procurement of 14,028 electric buses by …

India to expand EV policy for other automakers after Tesla doesn't turn up: Report
3 weeks, 3 days ago

India to expand EV policy for other automakers after Tesla doesn't turn up: Report

Hindustan Times  

The Centre is planning to expand its electric vehicle policy to also include automakers who currently manufacture, instead of just limiting it to ones willing to enter and build new plants, Reuters reported. A view of Tesla logo at an electric vehicle charging station between Los Angeles and Las Vegas in Baker, California, U.S., November 19, 2024 According to the …

Centre will electrify its own fleet, states should follow example, says Tarun Kapoor, adviser in the PMO
1 month ago

Centre will electrify its own fleet, states should follow example, says Tarun Kapoor, adviser in the PMO

Live Mint  

New Delhi: The Union government is planning to use electric vehicles for its operations, and will urge states to follow suit, Tarun Kapoor, adviser in the Prime Minister's Office said on Tuesday. States will be incentivized to electrify their government fleets through interest-free loans from the Centre, Kapoor told the EV industry at the FICCI National Conference on Electric Vehicles …

Cabinet allocates Rs 70,000 crore to build 62,500 km of roads
3 months, 1 week ago

Cabinet allocates Rs 70,000 crore to build 62,500 km of roads

Deccan Chronicle  

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, approved several key initiatives on Wednesday aimed at boosting infrastructure, public transport, healthcare, and electric vehicles. In a significant move for senior citizens, the Cabinet approved free health insurance coverage of up to ₹5 lakh per year for all citizens aged 70 and above under the Ayushman Bharat Pradhan …

EVs to reach cost parity with ICE in 2 years: Gadkari
3 months, 2 weeks ago

EVs to reach cost parity with ICE in 2 years: Gadkari

The Hindu  

With falling lithium-ion battery prices, electric vehicles can now maintain cost without subsidies but it is for the Finance and Heavy Industries Ministries to decide if incentives need to be given to electric vehicles, Union Minister Nitin Gadkari said on Monday. Speaking at the annual session of Automotive Components Manufacturers Association at New Delhi, Mr. Gadkari, the Minister for Road …

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI
3 months, 2 weeks ago

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI

The Hindu  

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank GTRI said on Friday. By allowing market forces to steer the sector's growth, India can avoid becoming an 'EV colony' for China and carve out its own path in the global …

EV subsidies no longer required: Union Minister Gadkari
3 months, 2 weeks ago

EV subsidies no longer required: Union Minister Gadkari

New Indian Express  

NEW DELHI: The Union Minister of Road and Transport, Nitin Gadkari, on Thursday said that there is no need for further subsidies to push electric vehicle adoption in the country. “Consumers are now choosing electric and compressed natural gas vehicles on their own and I do not think we need to provide much subsidy for electric vehicles…,” Gadkari said at …

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed
4 months, 1 week ago

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed

Associated Press  

HANOI, Vietnam — In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in …

320 new e-buses to hit Delhi roads on July 30, says transport min
4 months, 3 weeks ago

320 new e-buses to hit Delhi roads on July 30, says transport min

Hindustan Times  

Delhi is set to induct 320 new air-conditioned, low-floor electric buses into the city’s public bus fleet on Tuesday, increasing the total number of such buses to 1,970, transport department officials aware of the development said on Saturday. The newly inducted e-buses are differently-abled-friendly, noise-free and equipped with GPS, CCTV, and panic buttons connected to a two-way centralised command and …

Auto industry needs 2 lakh skilled people by 2030 to meet 30 pc EV adoption target: SIAM
5 months, 1 week ago

Auto industry needs 2 lakh skilled people by 2030 to meet 30 pc EV adoption target: SIAM

New Indian Express  

NEW DELHI: Indian automotive industry will need up to 2 lakh skilled people by 2030 to meet the government's vision of 30 per cent electric vehicle adoption, the Society of Indian Automobile Manufacturers said on Tuesday. "As we look ahead, one of the major constraints the auto industry will face is the dearth of skilled electric vehicle capable manpower," Society …

The way forward for investments in the EV space | Explained
5 months, 1 week ago

The way forward for investments in the EV space | Explained

The Hindu  

The story so far: According to media reports, the government is looking to expand the scope of its electric vehicle policy, announced in March, to include a retrospective effect. The policy announced in March aimed to provide Indian consumers with access to the latest technology and strengthen the EV ecosystem by encouraging healthy competition among EV players by attaining higher …

GreenCell Mobility to scale up its fleet to 5,000 electric buses in 3 years
6 months, 2 weeks ago

GreenCell Mobility to scale up its fleet to 5,000 electric buses in 3 years

The Hindu  

Electric bus operator, GreenCell Mobility, promoted by climate impact investor Eversource Capital, is planning to scale up its fleet to 5,000 units within 3 years from about 1,100 currently to provide green mobility to intercity and intra city commuters across India. One is it runs buses intra-city within the city for state/municipal transport undertakings and the other business is its …

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%
8 months ago

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%

Live Mint  

India's Tata Motors is planning to import its Jaguar Land Rover luxury electric cars under a new government policy that lowers import taxes for companies agreeing to set up local manufacturing, according to a Reuters report. Import duties on some EV models have been slashed from as high as 100 percent to just 15 percent, provided the carmaker invests at …

Tesla scouts for its first India showroom locations
8 months, 1 week ago

Tesla scouts for its first India showroom locations

The Hindu  

U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. India last month cut electric vehicle import taxes to 15% from as much as 100% for automakers that invest at least $500 million and set up a …

DC Edit | A smart electric vehicle policy!
9 months ago

DC Edit | A smart electric vehicle policy!

Deccan Chronicle  

After long deliberations, India has finally announced a new electric vehicle policy, which seeks to attract the best of technologies in the world to India. Under the new policy, the government would levy a concessional import duty of 15 per cent on 8,000 completely knocked down units of premium cars priced above $35,000 per year for five years. The conditions …

Chandigarh saved fuel worth ₹17 cr via e-buses
9 months ago

Chandigarh saved fuel worth ₹17 cr via e-buses

Hindustan Times  

With the introduction of electric buses in the city in November 2021, UT transport department has saved nearly 20.38 lakh litre of diesel worth ₹17 crore so far, officials said. Chandigarh transport director Pradhuman Singh said, “The electric buses have so far covered a distance of 1.01 crore km on intra-city routes, saving 20.38 lakh litre of diesel and preventing …

New e-vehicle policy aims to attract foreign investment
9 months, 1 week ago

New e-vehicle policy aims to attract foreign investment

Deccan Chronicle  

New Delhi: In a move to make India as a manufacturing destination for electric vehicles or EVs in the country, the Centre on Friday approved the e-vehicle policy. Issuing an official statement, the ministry of commerce & industry said that the companies setting up manufacturing facilities for e-vehicles would be allowed to import a limited number of cars at lower …

India Approves EV Policy to Attract Global Players
9 months, 1 week ago

India Approves EV Policy to Attract Global Players

Deccan Chronicle  

New Delhi: In a move to make India as a manufacturing destination for electric vehicles or EVs in the country, the Centre on Friday approved the e-vehicle policy. As per the policy, a company will get three years for setting up manufacturing facilities in India and to start commercial production of e-vehicles, and reach 50 per cent domestic value addition …

Union Govt approves electric vehicle policy to make India a EV manufacturing hub
9 months, 1 week ago

Union Govt approves electric vehicle policy to make India a EV manufacturing hub

Op India  

In a move towards bolstering India’s position as a manufacturing powerhouse for electric vehicles, the Union Government has greenlit a comprehensive scheme aimed at attracting investments in the EV sector and promoting indigenous manufacturing of EVs equipped with cutting-edge technology. The overarching objective of the newly approved E-Vehicle Policy is to facilitate the manufacturing of EVs in India, thereby providing …

Tesla's India entry gets boost as government approves new EV policy
9 months, 1 week ago

Tesla's India entry gets boost as government approves new EV policy

India Today  

The government announced a new electric vehicle policy on Friday that is expected to provide a major boost to Tesla's plans to start operations in India. As part of the new policy, the government will lower import taxes on certain electric vehicles for companies that commit to at least Rs 4150 crore in investment in addition to building a domestic …

Delhi Budget: Transport decelerated with 40% budget cut...
9 months, 2 weeks ago

Delhi Budget: Transport decelerated with 40% budget cut...

New Indian Express  

NEW DELHI: Public transport, the city’s lifeline, saw a major decline in budget allocation in fiscal provisions for 2024-25. The Delhi government has allocated 5,702 crore to the transport sector and related infrastructure, a reduction of 39% from the previous fiscal year, when the government had set aside Rs 9,337 crores in 2023-24 for this sector. Atishi, presenting the budget, …

Economic survey: EVs increase from 34,000 to 144k in 1 year in Delhi
9 months, 3 weeks ago

Economic survey: EVs increase from 34,000 to 144k in 1 year in Delhi

Hindustan Times  

The total number of electric vehicles in the Capital has increased four times in the last year from around 34,000 to over 144,000, according to the Delhi government’s Economic Survey released on Friday. According to the Delhi government’s plan announced by the transport minister Kailash Gahlot earlier, the transport department is expected to have a fleet of 10,480 buses by …

Elon Musk's Tesla to enter India soon? Centre's new policy may benefit EV maker
10 months ago

Elon Musk's Tesla to enter India soon? Centre's new policy may benefit EV maker

Hindustan Times  

Months after expressing interest in entering the Indian market, billionaire Elon Musk-led Tesla may be making its way to the country as the central government is in the process to finalise its policy to extend concessional import duty, reported The Economic Times. Tesla founder Elon Musk with Prime Minister Narendra Modi Tesla is now on the verge of entering the …

Budget 2024: Govt to expand electric vehicle ecosystem to support charging infra, says Sitharaman
10 months, 3 weeks ago

Budget 2024: Govt to expand electric vehicle ecosystem to support charging infra, says Sitharaman

Live Mint  

Union finance minister Nirmala Sitharaman on Thursday presented the interim Budget 2024-25. Sitharaman said that the government will expand the electric vehicle ecosystem to support charging infrastructure. On January 22, Department for Promotion of Industry and Internal Trade secretary Rajesh Kumar Singh said that the development and adoption of electric vehicles play a pivotal role in India's transition to a …

Big spurt in pvt electric car sales in Delhi, reveals data from 2023
11 months, 2 weeks ago

Big spurt in pvt electric car sales in Delhi, reveals data from 2023

Hindustan Times  

The sale of private electric cars in Delhi has witnessed a huge jump over the last two years, according to the data released by the Delhi government. New Delhi, India - July 20, 2020: A view of a public electric vehicle charging plaza during its inauguration at Chemsford Club parking, on Rafi Marg in New Delhi, India, on Monday, July …

Bihar Cabinet Approves New Electric Vehicle Policy, Check Details
1 year ago

Bihar Cabinet Approves New Electric Vehicle Policy, Check Details

News 18  

The Nitish Kumar-led government on Tuesday approved the Bihar Electric Vehicle Policy-2023 to achieve 15 percent EVs in all vehicle registrations in the state by 2028, a senior government official said. The scheme will help in addressing the issue of environmental pollution and fuel security” In addition, he said, “The Bihar Electric Vehicle Policy-2023, which is designed to steer the …

Fleet electrification to tackle urban pollution
1 year ago

Fleet electrification to tackle urban pollution

The Hindu  

The air quality index in many Indian cities has entered the red zone several days this year. Increase in truck fleet About 9 lakh new trucks are added to Indian roads every year to an already running fleet of 70 lakh trucks. On roads, India’s electric vehicle penetration rate has crossed the 6% mark, but electric trucks remain a challenge …

Prepare for the future with a green mindset
1 year, 1 month ago

Prepare for the future with a green mindset

Hindustan Times  

Every time I see a green number plate on a vehicle around me in Maharashtra, I feel a sense of joy and pride like none other. The National Clean Air Programme to urban agglomerations, the 15th Finance Commission fund and the EV Policy helped urban local bodies across Maharashtra place large orders for electric buses to encourage rapid transition. As …

Karnataka expects revised EV policy to attract ₹50,000 crore investments
1 year, 1 month ago

Karnataka expects revised EV policy to attract ₹50,000 crore investments

The Hindu  

In a bid to create a robust electric vehicles ecosystem in Karnataka, the Karnataka government on Friday unveiled a revised draft EV policy, which aims to attract ₹50,000 crore investment while creating job opportunities for one lakh people. “This proposed policy aims to transform Karnataka into a pioneering force in the field of electric mobility, embracing sustainable practices and equitable …

Tesla to enter India by January 2024: All you need to know
1 year, 1 month ago

Tesla to enter India by January 2024: All you need to know

India TV News  

Tesla, Elon Musk’s premium automobile company is said to be entering the Indian market and will start rolling out its range of vehicles in India soon. As per the recent reports, the Prime Minister's Office conducted a meeting which states that top officials are reviewing the upcoming phase of electric vehicle manufacturing in India, including Tesla's investment proposal. The Union …

Forget Teslas, India’s EV revolution is happening on two wheels
1 year, 1 month ago

Forget Teslas, India’s EV revolution is happening on two wheels

Hindustan Times  

Even licence plates contribute to the feast of colour that is an Indian city. In 2013, the then Congress-led government launched the first national scheme—the National Electric Mobility Mission Plan—to push EVs. The incentives spurred the growth of EV scooter startups such as Ola Electric Mobility and Okinawa, which have gobbled up market share, though new firms are still emerging. …

Delhi EV policy draft ready, to be placed in Cabinet
1 year, 3 months ago

Delhi EV policy draft ready, to be placed in Cabinet

Hindustan Times  

The draft of the fresh Delhi Electric Vehicle policy, 2020, is ready, and will be presented before the cabinet after discussions with the state transport minister Kailash Gahlot, transport department officials involved in the drafting process said on Saturday. The Delhi Electric Vehicle Policy -- one of the flagship plans of Delhi’s Aam Aadmi Party government -- was aimed at …

World EV Day 2023: Industry Stakeholders Pitch for Electric Vehicles, Here's Why
1 year, 3 months ago

World EV Day 2023: Industry Stakeholders Pitch for Electric Vehicles, Here's Why

News 18  

As India doubles down on its electric vehicle dream with a push for local manufacturing, leading EV and industry stakeholders on Friday said it is a perfect time to create awareness and encourage a move toward environmentally-friendly transportation. India saw 120 per cent growth in electric vehicles in the second quarter of this year, driven by a 400 per cent …

Cabinet decision to deploy 10,000 e-buses a pioneering step, say automakers
1 year, 4 months ago

Cabinet decision to deploy 10,000 e-buses a pioneering step, say automakers

The Hindu  

The Union Cabinet’s decision to allocate ₹57,613 crore for deployment of 10,000 electric buses across major cities and Union Territories, hill states and the northeast region would take e-buses across India, companies manufacturing electric buses said. By embracing sustainable mobility, India reinforces its commitment to environmental stewardship, climate change mitigation, and the well-being of its people, illustrating that a greener …

Tesla to discuss India factory for Rs 20 lakh EV with commerce minister: Report
1 year, 4 months ago

Tesla to discuss India factory for Rs 20 lakh EV with commerce minister: Report

India Today  

Representatives from Tesla are set to meet with commerce minister Piyush Goyal to discuss a proposal to set up a factory in India for manufacturing its cheapest electric vehicle worth Rs 20 lakh, reported news agency Reuters. It's worth noting that EVs currently account for less than 2 per cent of total vehicle sales in India, despite the country being …

Tesla in talks to set up India factory, cars' starting price Rs 20 lakh: Report
1 year, 5 months ago

Tesla in talks to set up India factory, cars' starting price Rs 20 lakh: Report

India Today  

Electric vehicle maker Tesla is actively pursuing talks with the Indian government to establish a local factory. According to government sources cited by The Times of India, Tesla plans to produce up to 500,000 EVs annually, with prices starting at Rs 20 lakh. By localising production, Tesla aims to make its cars more affordable in India, paving the way for …

How is the EV industry driving India towards a sustainable future?
1 year, 6 months ago

How is the EV industry driving India towards a sustainable future?

Deccan Chronicle  

Changing climatic conditions are profoundly impacting the consciousness of humanity. EVs in India have emerged as a successful alternative to traditional ICE vehicles that emit harmful emissions into the environment. Particularly when compared to ICE vehicles and exhaust systems, electric motors are relatively quieter and, as a result, generate less noise pollution. EVs as promoters of green growth India is …

India targets 100% transition to electric two-wheelers in 5-7 years: Tarun Kapoor
1 year, 6 months ago

India targets 100% transition to electric two-wheelers in 5-7 years: Tarun Kapoor

Live Mint  

New Delhi: India should aim for a 100 percent transition to electric two-wheelers in the next 5-7 years and make India a manufacturing hub for electric vehicles, said Tarun Kapoor, Advisor to the Prime Minister, PMO on Tuesday. Kapoor highlighted the government’s commitment to driving the EV sector, not only to increase the presence of electric cars, buses, and two-wheelers …

DC Edit | Make India EV-ready quickly
1 year, 7 months ago

DC Edit | Make India EV-ready quickly

Deccan Chronicle  

The buzz around is unmistakable — electric vehicles are coming and taking over. As the world moves to electricity-powered devices across the spectrum of industry and life, the newly discovered reserves can, as per reported estimates, power a large chunk of the country’s needs. But even as rising fuel prices and environment awareness drives up the demand for electric vehicles, …

Delhi transport dept to organise online consultation for EV subsidy
1 year, 7 months ago

Delhi transport dept to organise online consultation for EV subsidy

Hindustan Times  

The Delhi government, which provides a subsidy for the purchase of electric vehicles, has found that at least 15-20% of people who purchase such vehicles cannot collect them due to erroneous paperwork. The Delhi government had allowed a subsidy of ₹ 10,000 per kWh battery capacity for four-wheelers, up to a maximum of ₹ 1.5 lakh. To ensure all consumers …

Govt. incentives to drive EV penetration in India, charging infrastructure key: Moody's
1 year, 8 months ago

Govt. incentives to drive EV penetration in India, charging infrastructure key: Moody's

The Hindu  

Government incentives, including those to consumers, local battery manufacturing, state-level subsidies and cuts in GST rates would help drive EV penetration in India, Moody's has said. In a report, Moody's Investors Service said India has the fourth-largest car market globally, but electric vehicle penetration is currently only around 1%. These include consumer incentives, production-linked incentives for advanced battery storage to …

Share of cars in EV sales goes up in Delhi, shows data
1 year, 8 months ago

Share of cars in EV sales goes up in Delhi, shows data

Hindustan Times  

The sale of electric cars and cabs has witnessed a steep increase in March 2023, according to the Delhi EV cell. Electric cars and cabs sold in Delhi increased from 331 in January to 510 in February and 1,493 in March, which amounts to an increase of 192% in March compared to February, officials said. Officials said that while the …

DTC to Add 100 More Electric Buses by March-End or First Week of April: Officials
1 year, 9 months ago

DTC to Add 100 More Electric Buses by March-End or First Week of April: Officials

News 18  

The Delhi Transport Corporation is likely to add 100 more electric buses to its fleet by March-end or the first week of April, officials said on Sunday. “We will get 100 electric buses by March-end or the first week of April. The 100 new electric buses will be the first of 1,500 that will be inducted into the Transport department’s …

State gives a ₹13,437-crore push to its green initiatives
1 year, 9 months ago

State gives a ₹13,437-crore push to its green initiatives

Hindustan Times  

The state government has made an allocation of ₹13,437 crore for environment-friendly initiatives, the fifth goal of its ‘Panchamrut’ budget. Deputy chief minister Devendra Fadnavis on Thursday announced several measures such as raising ₹5,000 crore through green bonds to achieve zero greenhouse gas emissions, setting up a 500KW green hydrogen plant in Bhusawal, using floating solar panels in Nathsagar reservoir …

India Should Aim for 100% Electric 2W and 3W Sales in Next 5 Years: Amitabh Kant
1 year, 9 months ago

India Should Aim for 100% Electric 2W and 3W Sales in Next 5 Years: Amitabh Kant

News 18  

Recently, ‘National Dialogue on Emerging Trends in E-Mobility’ was organized by the Council on Energy, Environment and Water in New Delhi. At the event, Amitabh Kant, G20 Sherpa of India, said that India should aim to make two and three-wheelers sales 100 percent electric in the next five years. “India should target making two and three-wheelers sales 100% electric in …

India’s electric vehicle market grew 223% in 2022
1 year, 10 months ago

India’s electric vehicle market grew 223% in 2022

The Hindu  

India’s electric vehicle market grew 223% in 2022, adding around 48,000 EVs, according to market analyst firm Canalys. “The overall sentiment around the auto industry remained strong in India during 2022, propelled by pent-up demand and rising consumer buying power,” said Ashwin Amberkar, Canalys Automotive Analyst. Hyundai, placed second in the Indian car market after Maruti, has already launched its …

Delhi expected to get 100 more electric buses by April
1 year, 10 months ago

Delhi expected to get 100 more electric buses by April

Hindustan Times  

The national capital is expected to get 100 more air-conditioned low-floor electric buses by the April end which will take the number of such vehicles in the Delhi Transport Corporation ’s fleet to 400 as part of efforts to promote noise and pollution-free transportation, officials aware of the matter said on Wednesday. The Delhi government in December signed an agreement …

Electric vehicle market likely to cross 1 crore sales mark per annum by 2030: Economic Survey
1 year, 10 months ago

Electric vehicle market likely to cross 1 crore sales mark per annum by 2030: Economic Survey

The Hindu  

India's electric vehicles market is expected to grow to one crore units annual sales by 2030 and create 5 crore direct and indirect jobs, according to the Economic Survey 2022-23. The survey tabled in Parliament on January 31 said that in December 2022, India became the third-largest automobile market, surpassing Japan and Germany in terms of sales. The domestic electric …

Budget Expectations 2023: Will You Hire, Rent Or Buy Electric Vehicle?
1 year, 10 months ago

Budget Expectations 2023: Will You Hire, Rent Or Buy Electric Vehicle?

News 18  

With increasing oil prices, climate change and sustainable living related discussions becoming topics of public discourse, electric mobility is also becoming more than a buzzword. With the focus of the government towards sustainable mobility, Gajendra Jangid, Co- Founder, CARS24 is also expecting a reduction in GST for electric vehicles, as well as support in building the capacity to produce and …

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