Sale of EVs increased since 2020, scenario would change in next 2-3 years, Nitin Gadkari tells RS
2 years, 9 months ago

Sale of EVs increased since 2020, scenario would change in next 2-3 years, Nitin Gadkari tells RS

Firstpost  

Gadkari also said that several startups in the country are also working on alternate battery technologies New Delhi: Union Road Transport Minister Nitin Gadkari on Wednesday informed Rajya Sabha that the sale of electric vehicles have increased since 2020 in the country, and assured that the scenario would change in the next two to three years. The minister, while replying to a query during Question Hour, said alternative power sources like “green hydrogen” are being focussed by the government across the country to get relief from pollution and emphasize on the sale of EVs are among those steps. In line with Prime Minister Narendra Modi’s idea of ‘Aatmanirbhar Bharath’, Gadkari said, the government will reduce import and within two years and the use of clean fuel, alternative fuel and biofuel will increase in the country. Replying to the supplementary question of CPI MP John Brittas about the Centre’s model policy to promote EVs in India, Gadkari said that the Goods and Services Tax rate for EVs is only five per cent and that the government is finding ways for alternative power sources.

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History of this topic

Electric vehicle sales charged up this year, and not just because of subsidies
1 day, 2 hours ago

Electric vehicle sales charged up this year, and not just because of subsidies

Live Mint  

New Delhi: The number of fossil fuel-based vehicles sold for every electric vehicle in the two-wheeler and light motor vehicle categories has fallen in 2024, compared with last year, a positive indicator for the EV ecosystem in the country. This marks a sharp decline from 2023's 18.43 petrol two-wheelers sold per electric two-wheeler sale, with 15.85 million petrol bikes and …

India’s apex auto testing body looks to accelerate to the green lane
2 days, 8 hours ago

India’s apex auto testing body looks to accelerate to the green lane

Live Mint  

New Delhi: India’s primary vehicle research and testing body plans to expand facilities that are focused on so-called new energy vehicles, seeking to keep pace with the government’s rapidly accelerating green mobility drive. Localisation standards under the PM E-Drive scheme and its predecessors FAME 1 and FAME 2 were included in the government’s phased manufacturing programme, which lists auto components …

Indian EV market likely to touch Rs 20 lakh crore by 2030, will create THIS many jobs
5 days, 3 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 …

French auto parts supplier Valeo bets on India EV transition even as demand cools
1 week ago

French auto parts supplier Valeo bets on India EV transition even as demand cools

Live Mint  

New Delhi: Growing adoption of electric vehicles in India is unlocking opportunities for the Indian arm of French auto parts supplier Valeo to increase revenue per vehicle, according to a top company executive, even if sales have temporarily slowed for one of its top customers in India. For instance, we supply Tata with onboard chargers and DC-DC converters, while Mahindra …

Indian EV and ancillary industries to attract USD 40 billion investments, driving real estate opportunities: Colliers
1 week, 6 days ago

Indian EV and ancillary industries to attract USD 40 billion investments, driving real estate opportunities: Colliers

Live Mint  

New Delhi, December 11 : The Indian electric vehicle and ancillary industries in India are anticipated to receive around USD 40 billion of investments over the next five to six years, opening up multiple opportunities for real estate sector, according to a report by Colliers India. As per Colliers' latest report, "EVs in India: Renewed Vigour in Electric Mobility," about …

Delhi leads India in EV adoption: FICCI-Yes Bank report
2 weeks, 6 days ago

Delhi leads India in EV adoption: FICCI-Yes Bank report

Live Mint  

New Delhi, December 4 : The adoption of electric vehicles in India is surging, with Delhi emerging as the leader in EV penetration, according to a report by FICCI and Yes Bank. The report highlighted that Delhi has achieved an EV penetration rate of 11.5 per cent, driven by its adoption across multiple segments. Additionally, Gujarat, Odisha, Kerala, and Punjab …

Planning to buy an electric car? This government move may make EVs cheaper
3 weeks ago

Planning to buy an electric car? This government move may make EVs cheaper

India Today  

In order to encourage global auto giants, including Tesla, to invest here, the Indian government announced the new EV policy in March 2024. While the new EV policy aimed at benefitting companies investing in building new plants, the government is now contemplating extending benefits to automakers building electric models at existing factories in the country, as per a report by …

India to expand EV policy for other automakers after Tesla doesn't turn up: Report
3 weeks, 4 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 …

EV sales fall off a cliff in Delhi amid pollution emergency
1 month ago

EV sales fall off a cliff in Delhi amid pollution emergency

Live Mint  

No incentive, won’t buy. The double whammy arising from a lack of both state and central government support has led to fleet buyers pausing sales in Delhi, which has 8,000 registered electric cabs. Ajay Agarwal, chairperson of Federation of Dealers’ Association of India -Delhi, and owner of TREO Tata, told Mint that the withdrawal of incentives such as registration fee …

Chinese firms power Indonesia's EV sector
1 month ago

Chinese firms power Indonesia's EV sector

China Daily  

By LEONARDUS JEGHO in Jakarta and PRIME SARMIENTO in Hong Kong | China Daily | Updated: 2024-11-22 10:22 Chinese electric vehicles are powering Indonesia's EV industry and gaining ground among local consumers, industry executives say. Rubby Lie, branch head of Prima Wahana Auto Mobil, Wuling Motor's largest authorized dealer in Indonesia, shared optimism about rising local demand for Wuling and …

Chinese firms power Indonesia's EV sector
1 month ago

Chinese firms power Indonesia's EV sector

China Daily  

By LEONARDUS JEGHO in Jakarta and PRIME SARMIENTO in Hong Kong | China Daily | Updated: 2024-11-22 10:22 Chinese electric vehicles are powering Indonesia's EV industry and gaining ground among local consumers, industry executives say. Rubby Lie, branch head of Prima Wahana Auto Mobil, Wuling Motor's largest authorized dealer in Indonesia, shared optimism about rising local demand for Wuling and …

100 units of this EV delivered in Hyderabad. Not Tata Nexon, MG ZS EV, Mahindra XUV400
1 month ago

100 units of this EV delivered in Hyderabad. Not Tata Nexon, MG ZS EV, Mahindra XUV400

India Today  

JSW MG Motor India has delivered 100 units of the recently launched electric vehicle, the MG Windsor, in Hyderabad. Also, it emerged as the best-selling electric car in India in October with sales of 3,116 units, contributing almost 30% to the total electric car sales in the country during the month. Under Telangana Electric Vehicle & Energy Storage Policy 2020-2030, …

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 …

‘Marathon not a sprint’: Audi India head on EV adoption
1 month, 1 week ago

‘Marathon not a sprint’: Audi India head on EV adoption

Live Mint  

The slowdown in electric vehicle sales is temporary and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies. In countries with high EV penetration like Norway and Iceland, strong charging networks and consistent government policies have helped, Dhillon said. Sparse charging network A sparse …

New petrol car sales tumble while EVs rise as manufacturers push electric vehicles with targets looming
Trending News
1 month, 2 weeks ago

New petrol car sales tumble while EVs rise as manufacturers push electric vehicles with targets looming

Daily Mail  

New car sales fell by 6 per cent in October, marking only the second time registrations have gone into reverse this year. UK new car sales fell by six per cent in October, the second time the new car market has shrunk this year In October, businesses, fleet and private buyers registered 144,288 new passenger cars, the latest figures from …

Will new incentives smoothen the EV ride?
2 months, 2 weeks ago

Will new incentives smoothen the EV ride?

Live Mint  

The ₹10,900 crore PM E-DRIVE scheme, launched last month to accelerate electric vehicle adoption, comes as the auto sector faces new growth challenges. Read this | India changes gears to a new EV policy focus In the first half of 2024-25, the top 15 districts accounted for 21% of total four-wheeler registrations. Of these, 13 saw a decline in non-EV …

Acceptability of new energy vehicles set to rise by end of decade: Survey
3 months ago

Acceptability of new energy vehicles set to rise by end of decade: Survey

New Indian Express  

NEW DELHI: Majority of new car buyers, who participated in a study, were ready to accept new energy vehicles as the only option when considering a purchase by 2030, according to a survey. Around 83 per cent of the 1,000 prospective Indian buyers covered in the global survey said they will consider buying an NEV by the end of this …

Electric two-wheeler adoption in India rising, 13% share expected by 2026-27: Jefferies report
3 months, 1 week ago

Electric two-wheeler adoption in India rising, 13% share expected by 2026-27: Jefferies report

The Hindu  

The adoption of electric two-wheeler vehicles in India is on a gradual rise and it is expected that their share will rise to upwards of 13% by 2026-27, investment banking company Jefferies asserted in a report. "We currently assume a share of E2Ws rising from 5% in FY24 to 7% /10% /13% in FY25E/FY26E/FY27E, although we now see a downside …

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 …

Mint Sustainability Summit: EV adoption in India faces inadequate charging facilities, emergence of alternative fuels
3 months, 3 weeks ago

Mint Sustainability Summit: EV adoption in India faces inadequate charging facilities, emergence of alternative fuels

Live Mint  

New Delhi: The slow adoption of electric vehicles in India stems from the incessant need to find alternative fuels and the lack of adequate charging infrastructure in the country, according to industry leaders who spoke at the Mint Sustainability Summit 2024 on Tuesday. Subsidies not the answer However, Aanchal Jain, CEO of PMI Electro Mobility Solutions, a global technology company …

Karnataka has the highest number of EV stations in India: Bureau of Energy Efficiency
4 months ago

Karnataka has the highest number of EV stations in India: Bureau of Energy Efficiency

The Hindu  

With 5,765 charging stations, Karnataka has the highest number of public electric vehicle charging stations in the country, according to the Bureau of Energy Efficiency. The EV charging stations have been funded through various sources like the Union government’s Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme, Bangalore Electricity Supply Company’s investments, and green cess funds from the …

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive
4 months, 1 week ago

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive

The Hindu  

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 the country within …

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 …

EV two and three-wheeler EMPS subsidies extended to September 30 and outlay increased
4 months, 3 weeks ago

EV two and three-wheeler EMPS subsidies extended to September 30 and outlay increased

Hindustan Times  

The central government has extended the 'Electric Mobility Promotion Scheme 2024' by two months, till September 30, 2024, according to a statement from the Ministry of Heavy Industries, which added that the total outlay for the scheme has also now been increased to ₹778 crore from ₹500 crore earlier. Ola Electric is India's bestselling two-wheeler EV brand {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} …

Uttar Pradesh extends EV subsidy scheme for 3 years: How much can car buyers can benefit?
5 months, 1 week ago

Uttar Pradesh extends EV subsidy scheme for 3 years: How much can car buyers can benefit?

Hindustan Times  

The Uttar Pradesh government extended its Electric Vehicle Manufacturing and Mobility Policy till 2027, CNBC TV. The extension comes after Uttar Pradesh exempted all hybrid vehicles from road tax and registration fees which will increase the savings of buyers. As per the scheme, EV buyers will get ₹5,000 for two-wheelers and up to ₹1 lakh for fully-electric cars by the …

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 …

Extension of EMPS 2024 Scheme to Support EV Two-Wheeler Sales in FY25
5 months, 2 weeks ago

Extension of EMPS 2024 Scheme to Support EV Two-Wheeler Sales in FY25

Deccan Chronicle  

Chennai: Likely extension of Electric Mobility Promotion Scheme 2024 is expected to support electric two-wheeler sales in FY25. According to Care Ratings, the two-wheeler industry is expected to sustain a steady volume growth rate of around 7-9 per cent in FY25, slightly lower than 9.8 per cent growth achieved in FY24. In FY23, EV sales reached around 0.73 million units, …

India gets high-demand for EV 2 wheelers, but Ola experiences a dip: Know-why
5 months, 2 weeks ago

India gets high-demand for EV 2 wheelers, but Ola experiences a dip: Know-why

India TV News  

According to a recent report, electric vehicle adoption in India’s two-wheeler sector has seen a significant boost over the past two months, despite the incentives being nearly halved in April. Electric passenger vehicle penetration deteriorated slightly month-on-month where Tata Motors lost market share while MG gained. Meanwhile, another report last month said that with an improving adoption rate, electric car …

Battery electric vehicle sales cross 1 crore mark globally this year: Report
5 months, 3 weeks ago

Battery electric vehicle sales cross 1 crore mark globally this year: Report

India TV News  

This year, the sale of battery electric vehicles is expected to reach the 10-million milestone, demonstrating a significant accomplishment for the global passenger vehicle market. "By revamping supply chains and preparing to produce affordable EVs priced below $35,000, automakers like Ford, GM, Stellantis, and Volkswagen are positioning themselves to compete with market leaders," said research analyst Abhik Mukherjee. "These tariffs …

Should EVs and Hybrids be treated equally for government subsidies? | The Hindu parley podcast
6 months ago

Should EVs and Hybrids be treated equally for government subsidies? | The Hindu parley podcast

The Hindu  

India’s road transport sector contributes about 12% to the country’s CO2 emissions, according to the International Energy Agency, making it the third most greenhouse gas emitting sector after energy and agriculture. The Union government has been attempting to fast track decarbonising transport for almost a decade with the introduction of the Faster Adoption and Manufacture of Hybrid and Electric Vehicles, …

EV sales in India to go up by 40 per cent to 1.75 million units in FY 2024
6 months, 1 week ago

EV sales in India to go up by 40 per cent to 1.75 million units in FY 2024

India TV News  

India's Electric Vehicle sales have reportedly grown by 17,52,406 units in FY 2023-24, stating a growth of 40.31 per cent on a Year-on-Year basis. The electric car segment sales have reportedly shot up by 82 per cent on a YoY basis, which further registering sales of 99,085 units in FY 2024. Electric bus sales soared to 3,708 units in FY2024 …

Electric heavy-duty vehicles unlock pathway for significant reduction of GHGs in India, study finds
6 months, 3 weeks ago

Electric heavy-duty vehicles unlock pathway for significant reduction of GHGs in India, study finds

Hindustan Times  

The increased adoption of electric vehicles across two, three, and four-wheeler segments in India, driven by government schemes, is transforming the country's transportation sector. GHG emissions reduction scenario for HDVs by 2030 The ICCT study modelled future changes in India’s electricity grid using projections from the International Energy Agency scenarios. Meanwhile, for the categorisation under powertrain and fuel type, in …

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets
7 months, 1 week ago

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

Associated Press  

TOKYO — Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen through fiscal 2031 to deliver EV models around the world, including the U.S. and China. The so-called “0 Series,” a key part of Honda’s EV strategy, will be a totally new EV series created from “zero,” Chief Executive Toshihiro Mibe told …

2024 sees record start to year for electric vehicle sales
7 months, 2 weeks ago

2024 sees record start to year for electric vehicle sales

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sales of electric vehicles have got off to a record start this year, the latest …

IEA says global EV demand 'motoring along' as sales tipped to be one-in-five in 2024
8 months ago

IEA says global EV demand 'motoring along' as sales tipped to be one-in-five in 2024

ABC  

In short: The International Energy Agency predicts EV uptake could surge in 2024 to about one-in-five new car sales. The International Energy Agency predicts EV uptake could surge in 2024 to about one-in-five new car sales. By comparison, the IEA said the share of new car sales that were forecast to be electric in Europe and the US was 25 …

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 …

Hybrid cars can act as a bridge to carbon-free mobility
8 months, 3 weeks ago

Hybrid cars can act as a bridge to carbon-free mobility

Live Mint  

For all the policy promotion of electric vehicles, their sales figures in India have been a disappointment as far as four-wheelers go. This may explain why transport minister Nitin Gadkari has sent a proposal to the finance ministry, as reported, to place hybrids in the same 5% GST bracket as EVs. It may be time, however, to incentivize hybrids too …

EV sales slowdown: Goldman Sachs predicts bear-case scenario for 2024
8 months, 3 weeks ago

EV sales slowdown: Goldman Sachs predicts bear-case scenario for 2024

Hindustan Times  

A Goldman Sachs research report on electric vehicles says the EV uptake is at a turning point, and hybrids and plug-in hybrids are giving tough competition. Goldman Sachs report says this is due to concerns about three factors: EV capital cost due to lower prices of used EVs, poor visibility on government policy visibility, and a shortage of rapid charging …

EV sales slowdown: Goldman Sachs predicts bear-case scenario for 2024
8 months, 3 weeks ago

EV sales slowdown: Goldman Sachs predicts bear-case scenario for 2024

Hindustan Times  

A Goldman Sachs research report on electric vehicles says the EV uptake is at a turning point, and hybrids and plug-in hybrids are giving tough competition. Goldman Sachs report says this is due to concerns about three factors: EV capital cost due to lower prices of used EVs, poor visibility on government policy visibility, and a shortage of rapid charging …

Karnataka is doing something right: EVs go from 9,703 to 1.52 lakh in 2 years
8 months, 3 weeks ago

Karnataka is doing something right: EVs go from 9,703 to 1.52 lakh in 2 years

The Hindu  

To bolster the infrastructure necessary for the widespread adoption of electric vehicles, the Karnataka Transport Department has prepared a plan to set up EV charging stations in all Regional Transport Offices and on highways in the State. An official in the Transport Department said, “To incentivise the usage of electric vehicles, we are taking pro-active measures to establish EV charging …

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 …

India wants to be world's car factory. A plan is in the works
9 months ago

India wants to be world's car factory. A plan is in the works

Live Mint  

A grand vision is taking shape to build a global automobile hub in India, potentially supporting both electric and conventional vehicles, as well as new mobility and battery technologies. Over the years, the Centre has put its weight behind zero-emission EVs; however, the coming discussions will consider whether conventional internal combustion engine vehicles need support as well, two people aware …

Biden administration revs up plans to transition from gas-powered vehicles to EVs
9 months ago

Biden administration revs up plans to transition from gas-powered vehicles to EVs

LA Times  

The nation’s slow transition to electric vehicles got a boost Wednesday when the Biden administration announced it had finalized the strongest-ever pollution standards for cars and light trucks. The Environmental Protection Agency rule, which would begin taking effect with model year 2027, would require car manufacturers to increase sales of electric vehicles while cutting carbon emissions from gasoline-powered vehicles. EPA …

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 …

Delhi EV policy extended till May
9 months, 1 week ago

Delhi EV policy extended till May

The Hindu  

Delhi Transport Minister Kailash Gahlot on Friday announced that the Electric Vehicle Policy 2020, will be extended till the end of May. All current incentives and subsidies remain intact, and any vehicles purchased from January 1 onwards will be eligible for the benefits under this extension, a Delhi government statement said. Comments and suggestions from various stakeholders are currently being …

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 …

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 …

Can Subscription-Based Models Boost Growth Of Electric Vehicles Market In India? Read On
9 months, 3 weeks ago

Can Subscription-Based Models Boost Growth Of Electric Vehicles Market In India? Read On

News 18  

The Indian auto market has witnessed a significant emergence of electric vehicles over the past year. According to research by consultancy agency Brain & Company, electric vehicles hold a five percent share of the total car sales in the Indian market between October 2022 and September 2023. The study further noted that electric two-wheelers accounted for nearly 90 percent of …

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