Mention
FAME II budget outlay around Rs 10,000 crore, Cabinet nod likely this weekedit
The government of India is planning an eight-fold increase in the allocation of funds for the second phase of FAME (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles) India scheme. This will translate to the second phase of the scheme allocating around Rs 10,000 crore for a period of three years, starting April 2019. This translates to around Rs 3,300 crore for each year from the earlier Rs 795 crore for two years between 2015 to 2017 (under FAME I).
Industry
Delhi govt allocates Rs 100 crore for electric vehicle fund in 2019-20 budgetedit
Moving ahead with implementing its e-vehicle policy, the Delhi government announced Rs 100 crore for a state electric vehicle fund in its 2019-20 budget, presented in the assembly on Tuesday. Presenting the budget, Deputy Chief Minister Manish Sisodia proposed an outlay of Rs 1,807 crore for implementation of various schemes, programmes and projects of the transport department in 2019-20.
Competition
Tesla Co-Founder Says More Efforts Need To Be Made To Bring In EV Culture In Indiaedit
Over the past couple of years, Indian government has been rolling out several incentives to push the citizens of the country towards the adoption of electric vehicles (EVs). The incentives come in the form of subsidies to the buyers and the EV producers alike, in addition to several other perks over IC engine vehicles, like no road tax, which is expected to be put in place with the second phase of the FAME scheme.
International
Dyson Has Big Electric Car Plans. But Unlike Tesla, the Road Doesn’t Go Through Chinaedit
Tesla and Dyson, two soon-to-be-competitors in the crowded electric vehicle market, are breaking ground in Asia—literally. In a muddy riverside field on the outskirts of Shanghai workers, journalists, and government officials turned out in the rain last month to witness the ground breaking of Tesla’s first overseas factory.
Chinese R&D firm readies innovative turbine-recharging EV techedit
Chinese automotive R&D company Techrules says it is approaching production readiness for its ground-breaking Turbine-Recharging Electric Vehicle (TREV) system which was showcased in the Ren supercar at the 2018 Geneva Motor Show. The TREV system is an all-new patent-protected series hybrid powertrain technology comprising a turbine-generator. TREV combines extensive experience of aviation and electric vehicle technologies with several patented technical innovations, delivering unprecedented levels of efficiency and performance, and ultra-low environmental impact especially with the use of renewable fuels.
No One Else Built Charging Stations, So Automakers Will Do Itedit
Just a few years ago, automakers had a largely uniform response to questions about the construction of refueling stations for electric vehicles: “Not my job.” Today, they’re starting to realize that no one else is going to build stations at the scale needed to stimulate sales of battery-powered cars, so they’ll have to do it themselves. “Charging infrastructure is a bottleneck,” says Andreas Tschiesner, head of the European automotive practice at McKinsey & Co. Carmakers are “ready to get the ball rolling because nothing is happening on its own.”
Electric vehicles: UK government steps up collaboration effortsedit
The UK government is carrying out a scoping study to identify opportunities for future collaboration with India on Electric Mobility with a strong focus on state/city led initiatives that could accelerate scaling-up of the electric mobility market in India. To explore potential areas of partnership with India on electric mobility, a UK delegation of international experts will engage with stakeholders in Bengaluru, Vijayawada and Chennai from February 25 to March 1.