EV sector needs no more subsidies: Minister Piyush Goyal
1 week, 4 days ago

EV sector needs no more subsidies: Minister Piyush Goyal

New Indian Express  

NEW DELHI: The electric mobility sector doesn’t need additional incentives as existing subsidies available to them are good enough to give necessary kickstart to the sector, commerce and industry minister Piyush Goyal said after meeting the stakeholders here on Friday. It’s a good economic case to move from ICE engine to EVs and hybrids,” the minister told the media. “Everybody was unanimous in the room across sectors that they don’t require subsidies.” Currently, the government offers subsidies and incentives under the PM Electric Drive Revolution in Innovative Vehicle Enhancement ’ scheme. The Centre offers a production-linked incentive scheme for automobile and auto component industry with an outlay of `25,938 crore for enhancing manufacturing capabilities for advanced automotive products including EVs and their components.

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History of this topic

EV stakeholders deliberate on development of battery charging and swapping infrastructure
1 week, 4 days ago

EV stakeholders deliberate on development of battery charging and swapping infrastructure

Deccan Chronicle  

New Delhi: Various stakeholders from the electric vehicle sector on Friday held deliberations with commerce and industry minister Piyush Goyal here on various issues, including development of battery charging and swapping infrastructure. Officials from department of heavy industries, department for promotion of industry and internal trade and auto majors including Tata, TVS and Mercedes-Benz India among others also participated in …

Automotive to sustainable mobility, EVs and beyond: Auto industry’s journey for 2025
3 weeks, 1 day ago

Automotive to sustainable mobility, EVs and beyond: Auto industry’s journey for 2025

Live Mint  

New Delhi, Dec 24 Traversing from being just vehicle manufacturers to mobility solutions providers amid a raging debate over which eco-friendly technology must be incentivised, the Indian automobile industry is driving in the new year under the shadow of a slowdown in sales with the post-pandemic pent-up demand in distant memory. The shift in the auto industry -- where advanced …

Policy tweaks drag sale of subsidized electric two-wheelers to three-year low
1 month 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", …

Delhi cabinet extends EV policy till March 2025, restarts subsidy on electric vehicles purchase
1 month, 2 weeks 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, 3 weeks 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, 3 weeks 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 …

Electric 3-wheeler subsidies for FY25 halt as sales hit cap
2 months ago

Electric 3-wheeler subsidies for FY25 halt as sales hit cap

Live Mint  

New Delhi: The removal of a central government subsidy will likely make popular electric three-wheelers dearer for the rest of this fiscal, potentially disrupting their sales from manufacturers such as Bajaj Auto, Mahindra Last Mile Mobility and Piaggio, among others. Impact of no more subsidy in FY25 Electric vehicle manufacturers expect the government’s decision to push up prices of these …

Make shared mobility part of sustainability discussions
2 months ago

Make shared mobility part of sustainability discussions

Hindustan Times  

The recent announcement of the PM E-drive scheme marks a step towards sustainable mobility in the country. Their efforts to increase EV adoption started in 2015, when, owing to an increase in vehicular emissions, the central government launched the Faster Adoption and Manufacturing of Electric Vehicles in India 1 Scheme to reduce pollution caused by diesel and petrol-operated vehicles and …

Tata Motors pushes for e-taxi subsidy after exclusion from PM E-Drive
3 months, 3 weeks ago

Tata Motors pushes for e-taxi subsidy after exclusion from PM E-Drive

Live Mint  

NEW DELHI : Tata Motors Ltd, India’s leading electric vehicle manufacturer, is engaging with the Centre to re-examine the e-taxi segment's exclusion from the ₹10,900 crore EV subsidy scheme approved by the cabinet on 11 September, two people close to the development said. The PM Electric Drive Revolution in Innovative Vehicle Enhancement, marking the third phase of the Faster Adoption …

New PM E-DRIVE scheme offers ₹ ₹10,000 subsidy for EV 2-wheelers and ₹50,000 for EV 3-wheelers
4 months ago

New PM E-DRIVE scheme offers ₹ ₹10,000 subsidy for EV 2-wheelers and ₹50,000 for EV 3-wheelers

Hindustan Times  

The PM Electric Drive Revolution in Innovative Vehicle Enhancement is a new electric vehicle subsidy scheme giving ₹10,000 for each electric 2-wheeler sold till March 2025 and ₹50,000 for electric 3-wheelers. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The government expects the scheme to support 24.79 lakh electric 2-wheelers, 3.16 lakh electric 3-wheelers, and 14,028 e-buses. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The scheme proposes …

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

EV subsidies no longer required: Union Minister Gadkari
4 months, 1 week 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 …

Manufacturers of electric vehicles no longer need to be subsidised by govt: Gadkari
4 months, 1 week ago

Manufacturers of electric vehicles no longer need to be subsidised by govt: Gadkari

New Indian Express  

NEW DELHI: Union minister Nitin Gadkari on Thursday said there is no need to provide subsidy for electric vehicles market as consumers are on their own now choosing EVs or CNG vehicles. Addressing BNEF Summit, Gadkari said initially costs of manufacturing electric vehicles were high, but as demand has increased, production costs have dropped, making further subsidies unnecessary. "Consumers are …

Mint Sustainability Summit: EV adoption in India faces inadequate charging facilities, emergence of alternative fuels
4 months, 2 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 …

EV two and three-wheeler EMPS subsidies extended to September 30 and outlay increased
5 months, 2 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, 4 weeks 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
6 months 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, 3 weeks 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, …

Should not EVs and Hybrids be treated equally for government subsidies?
6 months, 3 weeks ago

Should not EVs and Hybrids be treated equally for government subsidies?

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. Some have welcomed this move arguing that this accelerates transport’s decarbonization, while others point to the lack of charging infrastructure, import dependence for advanced battery components and technology, and …

Britain sees surge in EVs - but how many cars on the road are electric? New study reveals all
8 months, 3 weeks ago

Britain sees surge in EVs - but how many cars on the road are electric? New study reveals all

Daily Mail  

Almost half a million new EVs and plug-in hybrids were registered in 2023 The number of vehicles on the road in 2023 reached another record high, but carbon emissions still managed to fall thanks to a surge in electric vehicle uptake. The number of BEVs in use in 2023 increased by almost half compared with 2022, meaning vital zero emission …

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

DC Edit | A smart electric vehicle policy!
9 months, 3 weeks 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 …

Delhi EV policy extended till May
9 months, 4 weeks 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 …

Union Govt approves electric vehicle policy to make India a EV manufacturing hub
9 months, 4 weeks 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 …

FAME-II incentives for electric vehicles to be offered on ex-factory prices: Govt
11 months ago

FAME-II incentives for electric vehicles to be offered on ex-factory prices: Govt

Hindustan Times  

The ministry of heavy industries on Friday said that that FAME-II incentives, which are designed to encourage demand for electric vehicles in the country, will now be offered at the ex-factory price of electric four-wheelers and e-three wheelers, instead of their ex-showroom price. He said the revision in the scheme was being made to address the differences in ex-showroom pricing …

Budget 2024: Govt to expand electric vehicle ecosystem to support charging infra, says Sitharaman
11 months, 2 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, 4 weeks 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 …

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

New scheme renders 50,000 bikers jobless, says letter to L-G
1 year, 1 month ago

New scheme renders 50,000 bikers jobless, says letter to L-G

The Hindu  

Delhi’s bike taxi drivers have written to L-G V.K. Saxena and the AAP government, saying that nearly 50,000 of them have been rendered jobless due to the approval of a scheme that mandates aggregators offering passenger services to switch to electric two-wheelers. Neither are there electric bike taxis available in the market nor do we have the money to buy …

3,000 EVs to be procured to ply in Dwarka
1 year, 3 months ago

3,000 EVs to be procured to ply in Dwarka

The Hindu  

The Delhi government has invited proposals from service providers for deploying high and low-speed e-scooters as well as e-cycles in Dwarka under the Public e-Scooter Sharing System and Public e-Cycle Sharing System initiative. Delhi Transport Minister Kailash Gahlot on Thursday said the Aam Aadmi Party government has invited these bids to ensure last-mile connectivity for making public transportation more accessible …

Delhi EV policy draft ready, to be placed in Cabinet
1 year, 4 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 …

Himachal to Soon Get Policy to Promote Charging Stations for EVs, Says CM Sukhu
1 year, 4 months ago

Himachal to Soon Get Policy to Promote Charging Stations for EVs, Says CM Sukhu

News 18  

The hill state of Himachal Pradesh will soon have a policy to give push to the development of electric charging stations for e-vehicles. Sukhu said the policy would focus on various aspects including accessibility, convenience, and opening employment avenues. Sukhu said apart from this, six green corridors were being developed in the first phase, having 2,137 km length, including national …

Electrification targets for EVs in Delhi unrealistic, Nasscom says
1 year, 6 months ago

Electrification targets for EVs in Delhi unrealistic, Nasscom says

The Hindu  

The National Association of Software and Service Companies has raised concerns about the unrealistic electrification targets for EVs in Delhi citing supply constraints, inadequate charging infrastructure, high entry costs and challenges ahead for the cab-drivers. The industry body made these observations on the Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme by the Delhi government. Nasscom says that only …

EV makers body petitions NGT for green tax on fuel-based 2-wheelers
1 year, 7 months ago

EV makers body petitions NGT for green tax on fuel-based 2-wheelers

India TV News  

Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's growth in the EV sector and consequently …

Hero Electric Defies Subsidy Reduction, Keeps Prices Unchanged to Boost Electric Mobility
1 year, 7 months ago

Hero Electric Defies Subsidy Reduction, Keeps Prices Unchanged to Boost Electric Mobility

News 18  

In a remarkable move, Hero Electric, a renowned electric two-wheeler company, has once again proven its commitment to customers by declaring that it will not raise the prices of its sought-after e-scooter models. However, Hero Electric recognizes the significance of supporting customers during this transitional phase, ensuring that electric mobility remains affordable and easily accessible. The company strongly believes that …

Two-wheeler EVs to get expensive from June 1 as government cuts FAME II subsidy
1 year, 7 months ago

Two-wheeler EVs to get expensive from June 1 as government cuts FAME II subsidy

Live Mint  

The government has reduced the subsidy provided under FAME-II scheme applicable on electric two-wheelers registered on or after June 1, 2023, according to a notification by the ministry of heavy industries. The cap on incentives for electric two-wheelers will be 15 per cent of the ex factory price of vehicles from the current rate of 40 per cent. Earlier this …

Sudden reduction of subsidy of electric two-wheelers may lead to major decline in EV adoption: SMEV
1 year, 7 months ago

Sudden reduction of subsidy of electric two-wheelers may lead to major decline in EV adoption: SMEV

The Hindu  

Society of Manufacturers of Electric Vehicles on May 23 said the sudden reduction of subsidy of electric two-wheelers may lead to a major decline in EV adoption, impacting the entire industry for a considerable period of time. The Heavy Industries Ministry has notified changes for reducing subsidy provided under FAME-II scheme applicable on electric two-wheelers registered on or after June …

Plan to Buy an Electric Scooter? Read About Slashed Subsidy as Govt Amends FAME II Scheme from June 1
1 year, 7 months ago

Plan to Buy an Electric Scooter? Read About Slashed Subsidy as Govt Amends FAME II Scheme from June 1

News 18  

Reduction of the maximum subsidy ceiling from 40 per cent to 15 per cent and that on electric two-wheelers from the current Rs 15,000 per kWh to Rs 10,000 per kWh are among the demand incentives modified by the Ministry of Heavy Industries under the Faster Adoption and Manufacturing of Electric Vehicles II scheme. The Union Minister of Heavy Industries …

E-Scooters To Get Costlier? Govt Plans To Lower Subsidy Cap To 15% Of Vehicle Price
1 year, 7 months ago

E-Scooters To Get Costlier? Govt Plans To Lower Subsidy Cap To 15% Of Vehicle Price

News 18  

The heavy industries ministry is planning to reduce the subsidy per two-wheeler from 40 per cent of its ex-factory price to 15 per cent, to expand the coverage of vehicles under the subsidy scheme. A stakeholders’ meeting with 24 electric two-wheeler OEMs registered under FAME-II was called on Tuesday and the consultation reached a consensus that the demand incentive may …

Subsidy cut: A ride into uncertainty for electric two-wheelers?
1 year, 7 months ago

Subsidy cut: A ride into uncertainty for electric two-wheelers?

Live Mint  

NEW DELHI : The government is set to lower the subsidy on electric two-wheelers as part of a broader restructuring of financial incentives for this fledgeling industry. The subsidy per kilowatt of battery capacity will be reduced from ₹15,000 to ₹10,000 per electric two-wheeler under the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles II scheme. This adjustment, combined …

Delhi’s govt’s draft Motor Vehicle Aggregator Scheme to allow only e-bikes as bike taxis and delivery service providers
1 year, 8 months ago

Delhi’s govt’s draft Motor Vehicle Aggregator Scheme to allow only e-bikes as bike taxis and delivery service providers

The Hindu  

The Delhi government on Tuesday announced a draft ‘Motor Vehicle Aggregator Scheme 2023’ aimed at regulating cab aggregators and delivery service providers in the city. The proposed timeline in the draft scheme to replace vehicles running on conventional fuel with EVs Target for adoption of EVs in new fleet Timeline Two wheeler Three wheeler Four wheeler 6 months 10% 10% …

Electric push in draft Delhi policy for app-based cabs; bike taxis
1 year, 8 months ago

Electric push in draft Delhi policy for app-based cabs; bike taxis

Hindustan Times  

Chief minister Arvind Kejriwal on Wednesday approved a draft policy that will make it mandatory for app-based cab services such as Uber and Ola and delivery businesses to switch to all-electric fleets in seven years, legalise the operation of bike-taxis and outline rules for bike rental services in the national capital, said officials aware of the matter. will make it …

Delhi transport dept to organise online consultation for EV subsidy
1 year, 8 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 …

Share of cars in EV sales goes up in Delhi, shows data
1 year, 9 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 …

House panel suggests national policy on EVs
1 year, 9 months ago

House panel suggests national policy on EVs

Live Mint  

The parliamentary committee on estimates has recommended the government for formulation of a comprehensive national policy on electric vehicles. In its report on the ‘Evaluation of Electric Vehicle Policy’, the panel chaired by member of parliament Girish Bhalchandra Bapat noted that Centre had launched the National Electric Mobility Mission Plan 2020 in 2013 and experiences and feedback on the plan …

Auto sector gets boost, electric vehicles to become cheaper
1 year, 11 months ago

Auto sector gets boost, electric vehicles to become cheaper

Deccan Chronicle  

PUNE: Indian automobile industry honchos and experts on Wednesday said various provisions and outlays in the budget would boost auto sales all around, including electric vehicles. “The increase in outlay for capital spending, increase in spending on infrastructure, setting up 50 new Airports, creation of 100 Transport Infrastructure projects, central support for replacing old vehicles should all drive demand of …

Budget 2023: Cheaper EVs as FM Sitharaman extends subsidy on electric batteries
1 year, 11 months ago

Budget 2023: Cheaper EVs as FM Sitharaman extends subsidy on electric batteries

Hindustan Times  

By removing the custom duty on capital goods/machinery for manufacture of lithium-ion cell in batteries of electric vehicles and extending the subsidy on electric batteries for one more year, finance minister Nirmala Sitharaman gave a significant push for EVs by making it cheaper. She announced in her Budget speech at the Parliament on Wednesday that the concessional duty on lithium-ion …

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