New Delhi: The government has invited proposals from entities for the deployment of electric vehicle charging infrastructure in big and smart cities. Proposals are invited from entities that intend to develop EV charging infrastructure in million-plus cities as per the 2011 census; and smart cities as notified by the Ministry of Housing and Urban Affairs, […]
Auto industry gets an electric boost in FY20 Budget
Finance Minister Nirmala Sitharaman’s maiden Budget provides tax incentives and GST cuts for electric vehicles. ‘The future is electric,’ reiterates the Union Budget 2019-20. In her maiden Budget speech on Friday, Finance Minister Nirmala Sitharaman announced an income tax deduction of ₹1.5 lakh on loans for electric vehicles to incentivise their purchase. The loan is […]
Include battery swapping for incentive under FAME-II scheme: FICCI
“The current guidelines of the scheme are not very clear about support for such models. Hence, the need for clarification,” it said. NEW DELHI: Industry chamber FICCI Friday called for inclusion of battery swapping model of charging for incentives under FAME-II scheme to help acceleration of electric mobility in India. The Rs 10,000-crore Faster Adoption […]
Battery Swapping For Electric Vehicles In India To Be Included Under FAME II?
The Federation of Indian Chambers of Commerce and Industry (FICCI) has recommended some changes to be made to the FAME II scheme. These changes include incentivising battery swapping stations. FICCI has said that incentives can be given to battery swapping stations just as it is being given to EV charging stations under FAME II. The […]
NITI Aayog Hints At Channeling More Investments Into Building EV Infrastructure
NITI Aayog’s Anil Srivastava said that NTPC is working on EV charging incentives He estimated that $40 Bn investment is needed on the EV batteries Industry body, FICCI has also asked for incentives on EV battery models The government think-tank NITI Aayog reportedly said that the Ministry of Heavy Industry will soon announce incentives related […]
Automobile Majors Hyundai, Hero To Release Electric Vehicle Offerings Soon
Hyundai to launch its first SUV electric car by July Hero Electric plans to open 15 more dealerships across India Maruti Suzuki is also testing a small-sized electric car On May 29, South Korean automobile company Hyundai announced that its first electric car SUV Kona will be launched this July. Hyundai and its affiliate Kia […]
FAME-II subsidy: Tata Motors hopes private electric vehicle buyers get incentives
The second phase of Faster Adoption and Manufacturing of Electric and Hybrid (FAME-II) does not provide any incentives to private car buyers of electric vehicles. Tata Motors, India’s fourth-largest carmaker, has welcomed the government’s FAME-II scheme but hopes that private buyers of electric vehicles will also get incentives in the future. While the second phase […]
Can Ebikes For Delivery Become The New Normal For India?
Companies like Amazon, Swiggy, Grofers, IKEA have now started using electric bikes for deliveries According to EV startup DOT, just 250 EVs can save $1 Mn in fuel costs annually Despite increased adoption, charging infrastructure remains a worry for delivery startups When it comes to logistics and ecommerce, India has shown an ever-growing appetite for […]
Hyderabad Startup E-Trio Takes The Retrofitting Route To Meet India’s EV Ambitions
E-Trio’s flagship product is an electric kit that transforms conventional cars into EVs It’s the only retrofitting startup in India to receive government approval for electric kits E-Trio is working with automakers and fleet operators to expand its customer base Long before electric vehicles were a thing, India was exploring ways to use compressed natural […]
Fast Chargers For Electric Vehicles Installed At Parliament House
Snehlata Shrivastava- Secretary General of Lok Sabha inaugurated the charging stations along with flagging off the recently supplied Tata Tigor electric and Mahindra eVerito. Electric Vehicles have been on Government’s agenda for long and all possible measures are being taken for its adoption. AC and DC fast chargers for electric vehicles have been installed at […]