Industry
Uttar Pradesh Electricity Regulatory Commission Proposes EV Charging Tariffedit
To help the electric vehicle (EV) sector grow in Uttar Pradesh, the Uttar Pradesh Electricity Regulatory Commission (UPERC) has proposed tariffs for EV charging stations in the state. The proposal is up for comments up to March 6, 2019. The UPERC will hold a public hearing to discuss the matter on March 7, 2019.
Union Cabinet set to clear Rs 10,000 crore electric vehicle schemeedit
The much-awaited faster adoption and manufacturing of (hybrid) electric vehicles (FAME) II scheme may be soon a reality, as the Union Cabinet is likely to clear a Rs 10,000-crore plan on this respect Thursday.
Delhi EV policy: Government allocates Rs 100 crore to state electric vehicle fund for 2019-20edit
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.
International
A drop in demand for fossil-fuel cars has hurt the world’s biggest EV makeredit
China’s electric car giant BYD is the country’s top-selling electric vehicle manufacturer—its sales in China doubled last year. And last month it sold close to 29,000 (pdf) electric vehicles, a nearly 300% increase from a year before. But its profit numbers aren’t so pretty. BYD reported that net profit for 2018 dropped 31.4% to 2.8 billion yuan ($417 million) from a year earlier, according to preliminary numbers it announced late Wednesday (Feb. 26).
How to prepare your fleet for the switch to electric vehiclesedit
By the time you replace the fleet cars purchased in 2018, electric vehicles may be the default choice for many drivers. It’s vital to start planning for that transition now. In some markets, EVs are already more cost-effective to operate than conventional vehicles. And over the next three years, a combination of congestion or pollution charges, SMR savings and a strengthen of used EV residual values is likely to increase their cost benefit over conventional vehicles.
Volvo’s First All-Electric Vehicle Will compete With Tesla’s Model 3edit
Volvo now has its own Tesla competitor, the Polestar 2. The electric vehicle was unveiled Wednesday and will directly compete with Tesla’s Model 3. Polestar is an electric car brand that was spun off from Volvo in 2017. The company announced late last year to make the Polestar 1, its plug-in hybrid sports car, available in the United States toward the end of 2019.
In Beijing, You Have to Win a License Lottery to Buy a New Caredit
It’s not the half-million-yuan price tag keeping Beijing resident Sandra Zhao from buying her dream car, a BMW X4 SUV. It’s the license plate she needs to have a conventional gasoline car. She’s been in a lottery pool for five years, competing with more than 3 million fellow residents for one of the plates. The complicated bimonthly drawing awards about one plate for every 2,000 applications.