Mention
Electric vehicles will change the way 80% of Indians moveedit
Private equity fund manager Sun Group, which focuses on emerging markets has recently created its own real estate development platform with Bengaluru-based developer Vista Spces. In 2006, the company co-sponsored one of India’s earliest real estate focused funds worth $630 million and associated with leading developers like Shriram Properties, Sobha Developers and Godrej Properties.
Scooters India plans electric vehicles foray, Lambretta on the anviledit
State-owned Scooters India said Friday it plans to venture into the electric vehicles (EV) segment, including binging back the once popular Lambretta brand in electric version. The board of directors of the company at its meeting held on Friday took note of diversifying its product range in line with the upcoming EV market in the country, Scooters India Ltd (SIL) said in a regulatory filing.
Industry
Auto Industry urges Kerala government for a collaborative EV policyedit
The recent move of the Kerala government that has set a target of putting 1 million electric vehicles (EVs) on road by 2022 which the state has rolled out an electric vehicle policy (EVP) studded with tax holidays and creation of common charging infrastructure is marred by controversy and lopsided approach. Kerala government has released an EV policy focusing on transition of “light electric vehicles” including two-wheelers, three wheelers and cars through swappable batteries. State level “Technical Advisory Committee” has been instrumental in proposing the impractical and problem led solution.
Amid global push for EVs, India quietly beats retreat on electric planedit
Electric mobility powered by renewable energy could be key to fighting climate change, the 24th Conference of Parties (COP24) in Poland has highlighted. For India, the world’s third-largest automobile market, electric vehicles (EV) are an imperative. Some 25 million conventional vehicles–with internal combustion (IC) engines–were sold here in 2017, adding to a 230 million passenger vehicle fleet, which trebled in size from 2001 to 2016.
Govt identifies cities, highways for electric vehicle charging infraedit
With four months left for the Lok Sabha polls, the Union government has decided to give a strong push to electric mobility by allowing private charging at residences and offices, besides de-licensing setting up public charging stations, and offering priority connections for setting up such stations. A charging station has been allowed to source electricity from any power generation company through open access.
Electric cars best for city garbage collectionedit
Municipal Administration P Narayana assured women of providing training in running battery-fitted autos for their employment. He inaugurated electric autos here on Saturday for collecting garbage. The Minister said these vehicles are being engaged in Nellore on pilot basis and stated that electric vehicles are ten times cost effective when compared to use of diesel vehicles for garbage collection.
Electric Vehicle charging is in need of reforms at retail level; here’s whyedit
The Switzerland government-promoted platform, Cleantech, meant for sharing Swiss experience in India about use of alternative energy, has pitched for looking at an energy selling model for electric vehicles like selling petrol for a car to make electric mobility affordable in India. Instead of selling batteries or the source that would run the car, selling electricity to electric vehicles would make electric mobility cheaper and have a much wider reach. This energy can be sold in terms of kilowatt/hour or in the form of charged batteries with a leasing kind of arrangement.
Competition
Tata Power to set up 1,000 charging points for electric vehicles in NCRedit
Tata Power plans to invest around Rs 700 million to set up nearly 1,000 charging points in the National Capital Region (NCR) region, for electric vehicles (EVs). Praveer Sinha, managing director, told Business Standard the company presently has a total of 21 charging points in Mumbai, Delhi, and Hyderabad. Apart from the 1,000 new ones in the NCR, there would be 100 in Maharashtra.
The Urban EV could be Honda’s first electric car for Indiaedit
Honda took everyone by surprise when it revealed the cutesy Urban EV Concept at the 2017 Frankfurt Motor Show. The concept car debuted a completely new electric platform from the Japanese carmaker and put down design direction for future production electric vehicles from Honda. Now, less than a year since its concept preview, our spy sleuths spotted Honda testing the production-ready Urban EV on the streets of Germany for the first time.
International
Infiniti gives a glimpse of its first electric caredit
Infiniti has confirmed it will pull the drapes off an all-new pure-electric SUV at the Detroit motor show in January after releasing a single teaser image. Sporting a curvaceous body, LED headlights and side cameras instead of conventional mirrors — just like the zero-emissions Audi e-tron SUV — the concept Infiniti plans to reveal is no flight of fancy.
Electric Car Sales In Emerging EV Markets — Chapter 2: Middle Eastedit
Some three million new vehicles were registered last year in the Middle East, and while long-term prospects seem good (young population, countries with high GDP) and experts saying it will grow twice as fast as more mature markets by 2030, the truth is that politics and especially oil-dependent economies could derail growth prospects in the next few years.
European support for e-mobility transition with EV-charging operator Allegoedit
The European Investment Bank has agreed to provide EUR 40 million as quasi equity in growth financing to Allego Holding BV, a Dutch operator of charging stations for electric vehicles. The EIB loan benefits from the European Fund for Strategic Investments (EFSI), the central part of the Investment Plan for Europe, the Juncker Plan. The financing of the EIB supports the upcoming investments in the extension of the normal, fast and high power charging infrastructure, installed and distributed over Allego’s countries of operation. Making EV charging stations more widely and easily available, will help fight climate change and air pollution.