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 that foreign companies have to comply with to avail the concessional import duty would give a boost to India’s EV manufacturing ecosystem, which, in turn, could help the country reduce its perennial dependence on imported fossil fuel. A closer reading of the new EV policy makes it appear similar to the free trade deal that India signed with the EFTA region as it allows concessional imports only if the importers invest an equal amount of money in the country.

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History of this topic

Indian EV market likely to touch Rs 20 lakh crore by 2030, will create THIS many jobs
4 days, 13 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 …

India needs Rs 16,000 cr capex to meet public EV charging demand by 2030: Report
1 week ago

India needs Rs 16,000 cr capex to meet public EV charging demand by 2030: Report

Deccan Chronicle  

New Delhi: India needs capital expenditure to the tune of Rs 16,000 crore to meet the country's growing public charging demand for electric vehicles and achieve the mission of over 30 per cent electrification by 2030, according to a report released on Monday. The FICCI report on "Electric Vehicle Public Charging Infrastructure: 2030 Roadmap" reveals that the current financial viability …

Policy tweaks drag sale of subsidized electric two-wheelers to three-year low
1 week, 5 days ago

Policy tweaks drag sale of subsidized electric two-wheelers to three-year low

Live Mint  

The number of electric two-wheelers for which buyers claimed subsidies has dropped to a three-year low this fiscal, as automakers skipped the benefits following stringent rules and frequent changes in criteria. Changes in the phased manufacturing programme guidelines—covering localization requirements--have “disproportionately impacted mid-sized and small original equipment makers, making it slightly more time-consuming for them to qualify under the scheme", …

With 12 per cent market share, Delhi has become the EV Capital of India: Atishi CM, Delhi
2 weeks, 5 days ago

With 12 per cent market share, Delhi has become the EV Capital of India: Atishi CM, Delhi

Live Mint  

New Delhi, : Delhi Chief Minister Atishi Marlena has declared that the national capital has emerged as the Electric Vehicle capital of India. To encourage the adoption of EVs, we have recently renewed our EV policy, which includes exemptions on road tax for electric vehicles," said CM Atishi. According to a report by FICCI and Yes Bank, the top five …

Delhi leads India in EV adoption: FICCI-Yes Bank report
2 weeks, 5 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
2 weeks, 6 days 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, 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 …

India to expand EV manufacturing incentives after Tesla disappointment, source says
3 weeks, 3 days ago

India to expand EV manufacturing incentives after Tesla disappointment, source says

Live Mint  

* Incentives to be expanded to automakers using existing plants * Policy originally designed to lure Tesla to manufacture in India * Changes designed to encourage EV investment by other automakers * Policy rules expected to be finalised by March 2025 By Aditi Shah NEW DELHI, Nov 29 - India plans to expand electric vehicle incentives to automakers building models …

Delhi cabinet extends EV policy till March 2025, restarts subsidy on electric vehicles purchase
3 weeks, 4 days ago

Delhi cabinet extends EV policy till March 2025, restarts subsidy on electric vehicles purchase

India TV News  

Amid a series of decisions announced during the state cabinet meeting held today, the Delhi government on Thursday also declared the extension of the Delhi Electric Vehicle Policy till March 31, 2025. "The Delhi Cabinet has today decided to restart the stalled "Delhi Electric Vehicle Policy." Till 2019-20, only 4% of the vehicles registered in Delhi were electric vehicles, but …

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 …

Govt advances FY26 subsidy funds for e-three wheelers
1 month ago

Govt advances FY26 subsidy funds for e-three wheelers

Live Mint  

The Union government has decided to advance the PM E-Drive subsidy funds for over 120,000 electric three-wheelers, which were set to be used from April to the end of FY25. PM E-Drive is the government's flagship subsidy scheme which provides demand incentives by subsidizing the price of electric vehicles for customers. The decision comes as the allocated subsidy for the …

‘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 …

GoI planning to revisit EV policy, in a bid to attract Tesla, other international automakers
1 month, 1 week ago

GoI planning to revisit EV policy, in a bid to attract Tesla, other international automakers

Firstpost  

Under the current Scheme to Promote Manufacturing of Electric Passenger Cars in India, companies can import electric vehicles at reduced customs duties if they commit to certain investment and localisation targets Currently, eligible companies are allowed to import EVs costing $35,000 or more at a reduced customs duty rate of 15 per cent, compared to much higher regular rates. Image …

Mapping the Electric Landscape: A Deep Dive into India's EV Growth
2 months ago

Mapping the Electric Landscape: A Deep Dive into India's EV Growth

Hindustan Times  

India's electric vehicle landscape is undergoing a crucial transition, with the government implementing various initiatives to encourage EV adoption. The focus on incentivising battery electric vehicles (BEVs) and expanding charging infrastructure has provided much-needed momentum. However, there are significant disparities in EV infrastructure across the country, with some states lagging behind. The Delhi EV Policy offers substantial incentives for purchasing …

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 …

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 …

India set the international best practice for driving the electrification of buses: Drew Kodjak
3 months, 3 weeks ago

India set the international best practice for driving the electrification of buses: Drew Kodjak

Hindustan Times  

The transition from fossil-fuelled vehicles to battery-powered EVs is a complex process that involves prioritising an auto segment that cuts emissions the most, formulating regulatory frameworks and incentives, ensuring economic viability and a just transition, providing adequate infrastructure to run these zero-emission vehicles, and generating green jobs and propelling economic growth in the process. India is considering a suite of …

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 …

India set the international best practice for driving electrification of buses: ICCT
3 months, 3 weeks ago

India set the international best practice for driving electrification of buses: ICCT

Hindustan Times  

The transition from fossil-fuelled vehicles to battery-powered EVs is a complex process that involves prioritising an auto segment that cuts emissions the most, formulating regulatory frameworks and incentives, ensuring economic viability and a just transition, providing adequate infrastructure to run these zero-emission vehicles, and generating green jobs and propelling economic growth in the process. Kodjak said India has one of …

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 …

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, …

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 …

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 …

Centre’s new EV policy permits states to offer incentives to bag investments
8 months, 1 week ago

Centre’s new EV policy permits states to offer incentives to bag investments

Hindustan Times  

The Union government has already announced a liberal EV policy for all aspiring investors and it is unlikely to give any company-specific concession, but states may offer incentives such as land at a concessional rate to attract foreign investments during Tesla CEO Elon Musk’s India visit later this month, two officials said. “Multiple firms have expressed interest in setting up …

Tesla: Red carpet welcome in India?
9 months ago

Tesla: Red carpet welcome in India?

Live Mint  

India has announced a policy for electric vehicles that lowers the import duty for foreign-made EVs brought in by overseas auto majors. They’ll be allowed to import annually up to 8,000 EVs valued at $35,000 or more at a reduced import duty of 15% for five years, provided they invest at least $500 million in local manufacturing over the next …

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 …

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 …

Explained: How does new EV policy pave road for Elon Musk's Tesla in India?
9 months, 1 week ago

Explained: How does new EV policy pave road for Elon Musk's Tesla in India?

Hindustan Times  

Centre on Friday approved a new policy for electric vehicles which offers duty concessions on imported cars to companies that invest at least USD 500 million to set up manufacturing units in India. Over recent months, Tesla representatives visited India frequently, and CEO Elon Musk even met Prime Minister Narendra Modi last year. 'No special treatment to Tesla' Recently, commerce …

India's EV import tax reduction policy signals victory for Tesla and global automakers
9 months, 1 week ago

India's EV import tax reduction policy signals victory for Tesla and global automakers

India TV News  

India announced plans to reduce import taxes on specific electric vehicles, contingent on companies investing a minimum of $500 million and establishing a manufacturing plant within three years, signalling a significant policy pivot. Beyond Tesla While Tesla stood to benefit significantly from the policy, it also paved the way for other global automakers to tap into India's automotive market, the …

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 …

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 …

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 …

Tesla soon in India, government close to finalising concession on import duties for EVs
10 months, 1 week ago

Tesla soon in India, government close to finalising concession on import duties for EVs

Firstpost  

Tesla, the prominent US-based electric automaker, may soon establish its presence in India, with the government nearing the finalisation of a policy to extend concessional import duties on electric cars valued above Rs 30 lakh for 2-3 years, suggests a report by The Economic Times. Sources familiar with the matter disclosed that the reduced import duties could be provided by …

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 …

Centre may provide incentives to retrofit old vehicles into EV
11 months ago

Centre may provide incentives to retrofit old vehicles into EV

Hindustan Times  

The government may look for providing incentives or supporting initiatives to retrofit old vehicles into electric vehicles instead of scrapping them, a report said on Thursday. As of 2023, the global retrofit vehicle market is estimated at USD 65.94 billion and projected to reach USD 125.37 billion by 2032 with a compounded annual growth rate of 7.40 per cent. "Instead …

Vietnam’s VinFast looks to start India EV operations in 2024
11 months, 1 week ago

Vietnam’s VinFast looks to start India EV operations in 2024

Live Mint  

Vietnamese electric vehicle maker VinFast is moving fast to kick-start its India operations, targeting sales of its first two-wheelers and four-wheelers in India beginning in the third quarter or second half of calendar year 2024, two persons aware of the plans told Mint on condition of anonymity. VinFast, which offers battery electric sport utility vehicles spanning the A to E …

Tata Motors lobbies India not to lower EV import taxes as Tesla looms: Report
1 year ago

Tata Motors lobbies India not to lower EV import taxes as Tesla looms: Report

Live Mint  

Tata Motors is pressing Indian officials not to lower import taxes of 100% on electric vehicles and to protect domestic industry and its investors, as the government reviews Tesla's plans to enter the market, people with direct knowledge said. As India tries to boost domestic manufacturing and electric vehicle adoption, Tesla is proposing to set up an Indian factory but …

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 …

Bihar govt. gives green push with approval of new electric vehicle policy
1 year ago

Bihar govt. gives green push with approval of new electric vehicle policy

The Hindu  

In a landmark move to champion eco-friendly transportation, the Bihar government has given the nod to a comprehensive Electric Vehicle policy. The Bihar Electric Vehicle Policy, designed to steer the State towards a sustainable transport paradigm, outlines ambitious goals for the next five years, culminating in 2028. Speaking on the broader objectives of the EV policy, Transport Secretary Sanjay Kumar …

Will never give company-specific incentives in EV sector, govt. official on Tesla's demand
1 year ago

Will never give company-specific incentives in EV sector, govt. official on Tesla's demand

The Hindu  

India will never provide company or enterprise-specific incentives in the electric vehicle sector, a top government official said on Friday, amid a push from American electric carmaker Tesla for special sops to set up its factory in the country. The official added that inter-Ministerial discussions have happened on the customs duty concession demand of the U.S.-based electric car maker Tesla, …

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 …

Tesla inches closer to pact with India for EV imports, local factory: Report
1 year, 1 month ago

Tesla inches closer to pact with India for EV imports, local factory: Report

India Today  

The government is close to finalising an agreement with Tesla that would allow the US automaker to import its electric vehicles to the country from next year, while also paving the way for a local factory in the next two years, reported Bloomberg News. Currently operating factories in the US, China, and Germany, Tesla's potential venture in India follows the …

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 …

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