Mumbai-based Mahindra Electric has halted the production of its first electric car model e2oPlus Swiggy is piloting electric vehicle deliveries across 10 cities across India Xiaomi has launched an electric bicycle called Himo T1 in China While the FY2019 may not have been a good year for the Indian automotive industry, the nascent electric vehicle […]
Telangana Govt To Release EV Policy After Lok Sabha Elections
The announcement was made at a launch event for 50 EVs in Hyderabad The policy will complement the central government initiatives under FAME II 50 Mahindra Electric EVs will be part of Uber’s fleet in Hyderabad In a bid to push emobility, state governments are also forming their own electric vehicle rules and framework, in […]
NITI Aayog Asks Oil Ministry To Set Up EV Charging Infrastructure At Fuel Stations
Industry players will have to redesign the stations to comply with this move Earlier, it had also suggested the government to accelerate the depreciation benefit for cab operators NITI Aayog has been looking for ways to boost emobility in India Government policy think tank NITI Aayog has directed the Ministry of Petroleum and Natural Gas […]
FAME-II subsidy: Carmakers voice resent over exclusion of private vehicles
Two months after FAME-II, car manufacturers are now voicing their disappointment over certain exclusions in the second phase of the electric vehicle incentive scheme rolled out by the government. FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) has been in force since the start of April. The scheme does not provide incentives to […]
ION Energy Looks To Propel India’s EV Dreams With Battery Management Platform
ION Energy provides a technology platform to improve battery performance ION has plans to expand its services across Europe, the US and also potentially to China ION Energy was one of 42 innovative startups in Inc42’s 42Next list While the Indian government is bullish about boosting manufacturing and sales of electric vehicles in India, one […]
Electric Vehicles This Week: NITI Aayog Suggests Ways To Boost EV Adaptation
Essel Group has dissolved its electric vehicle vertical According to Crisil, 95% of electric-two wheelers may not be eligible for central subsidies NITI Aayog suggested accelerated depreciation for cab operators to boost EV adaptation If you feel the electric vehicle space has now removed some of its teething issues with the launch of the second […]
India can save Rs 17,000 crore if electric vehicles hit the road by 2030: NITI Aayog and RMI
India could realize EV sales penetration of 30 percent of private cars, 70 percent of commercial cars, 40 percent of buses and 80 percent of two- and three-wheelers by 2030 if FAME II and other measures are successful, report says. Thinktank NITI Aayog and the Rocky Mountain Institute (RMI) have launched a report on the […]
FAME II can save 5.4 mt oil: NITI Aayog report
Vehicles eligible under the Faster Adoption and Manufacturing of Electric Vehicles II (FAME II) scheme can cumulatively save 5.4 million tonnes of oil equivalent over their lifetime, worth ₹17,200 crore, a study said on Friday. According to market estimates, in financial year 2018 electric two-wheeler sales almost doubled to 54,800 compared to the previous financial […]
India could achieve high penetration of electric vehicles by 2030: Niti Aayog
The report quantifies direct oil and carbon savings that vehicles incentivised under the FAME II would deliver. India could achieve high penetration of electric vehicles (EV) by 2030 on the back of the success of FAME II and other measures, according to a Niti Aayog report. The penetration of EV vehicles could reach around 80 […]
FAME-II to Help Commit Investments in Electric Vehicles: Auto industry
Recently, the Union Cabinet cleared a Rs 10,000-crore programme under the FAME-II scheme to be implemented over a period of three years with effect from April 1, 2019. Automobile industry players said the government’s announcement of Rs 10,000-crore FAME-II scheme brings clarity and policy stability and will provide a big fillip to the popularisation of […]