Mention
SmartE aims to raise up to $20 million to fund next round of expansionedit
The country’s largest electric vehicle fleet operator SmartE plans to raise around USD 20 million to expand its operations to around 20 major cities across the country over the next four years, a top company official said. The Gurugram-based firm, which currently operates a fleet of around 1,000 electric three-wheelers primarily in Delhi/NCR region, aims to have a fleet of around 1 lakh electric vehicles by 2022-end to cater to expected demand across the country.
V C Sehgal honoured with ETAuto Global Indian of the Year Awardedit
Vivek Chaand Sehgal, Chairman of Samvardhana Motherson Group, received ETAuto Global Indian of the Year Award at the ETAuto Global Auto Business Summit 2018 organised here by ETAuto on Thursday. The award was presented to Sehgal by R C Bhargava, Chairman, Maruti Suzuki, and Nabeel A Khan, Editor, ETAuto, in recognition of his contribution to expand the Samvardhana Motherson Group’s business to 41 countries through 370 owned and joint venture companies.
Whatever happened to EVs? 2030 goals need clear policyedit
As air pollution levels soared in November, making it difficult to breathe in New Delhi and the surrounding National Capital Region (NCR), alarm bells for public health were ringing once again. Another year had passed without a solution in sight and the emergency measures being trotted out were the old ones — odd and even number plates, only CNG vehicles, a construction ban, no generators and an end to random burning of leaves and waste. But what about electric vehicles? It is almost a year since the Union government set a target of going majorly electric by 2030 in personal and public transportation. Yet, not one electric bus has been put on the capital’s streets and ...
Industry
Gurugram one of the top picks for viability checking of electric vehicle charging stationsedit
Most private companies are taking Gurugram as the test case for electric vehicle charging stations. At present, private sector companies, mostly from foreign, are tying up with realty majors to find a preferred spot for setting up electric charging facility in Gurugram. Subsequently, all the government officials are also planning to change their diesel vehicles in favour of electric vehicles. Gurugram administration is also likely to set up some electric vehicle charging stations.
Andhra CM backs use of electric vehicles to eradicate pollutionedit
Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday advised government officials on introducing electric vehicles in the state to prevent pollution and to maintain the quality of air. “Electric vehicles would be introduced in the state to eradicate pollution. The partnership of public and private sector is very important,” Naidu said at the District Collectors’ conference. Stressing on the creation and implementation of the several government schemes, Naidu said, “Just introducing good schemes are not good enough. Satisfaction among people should be at the same level. It is our duty to identify the errors beforehand. If all government branches work together, the satisfaction among people would definitely be great.”
Electric Vehicles: The Future of Autoedit
The electric vehicle market is set to grow in a big way owing to the ambitious plans and initiatives of the government. The government has taken a number of steps to incentivize and promote the deployment of electric vehicles and public charging infrastructure to achieve significant electrification by 2030. India is targeting to reduce its excessive oil imports and curb pollution levels across cities in the coming years. Electric vehicles will play an important role in achieving this target.
International
Tesco, Volkswagen to develop UK electric vehicle charging networkedit
Britain’s biggest retailer Tesco and German car maker Volkswagen have teamed up to develop an electric vehicle charging network in the UK, they said on Friday. Under the partnership, Tesco and Volkswagen roll out over 2,400 electric vehicle charging bays across 600 Tesco stores in the next three years.
Daimler to Start Making Electric Cars in China from 2019edit
Daimler will start building electric cars in China next year as a way to meet Beijing’s stringent anti-pollution quotas for carmakers, even as demand for conventional models like the Mercedes-Benz Maybach remains strong. China has introduced minimum sales requirements for so-called new energy vehicles (NEV’s) and Daimler is on track to meet the quota for 2018, Daimler China chief Hubertus Troska said earlier.
LA Auto Show brings wave of new electric vehicles to take on Tesla, worry about finding buyersedit
The industry is on the verge of opening the floodgates on dozens of battery-based vehicles — from “mild” hybrids to all-electrics — coming to market over the next 12 months. As many as 100 electrified vehicles are scheduled to come to market by the end of 2020. But while there’s plenty of new cars, an old question remains: will there be enough buyers to justify the surge?
Construction on $4 billion Indonesia EV battery project begins January 2019edit
Developers will begin building a lithium battery project in Morowali, on the Indonesian island of Sulawesi, on January 11, Coordinating Maritime Minister Luhut Pandjaitan said on Friday. The $4 billion project involves investors from South Korea, Japan and China, Pandjaitan told reporters, without naming the companies involved or providing further details on the project. “Looking at its resources, Indonesia will become the main player in lithium batteries,” Pandjaitan told reporters, referring to forecasts for surging demand for batteries for electric vehicles.