Industry
FAME India Phase II outlay of Rs 10,000 crore gets government approvaledit
Late yesterday evening, the Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal for implementation of scheme titled ‘Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)’ for promotion of electric mobility in the country. The scheme with total outlay of Rs 10,000 crores over the period of three years will be implemented with effect from April 1, 2019.
Big push to EV: Govt approves Rs 10,000 crore FAME II schemeedit
The Union Cabinet has approved the proposal for implementation of second phase of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) in India, finance minister Arun Jaitely said on Thursday.
Cabinet approves policy on software products to create 3.5 million jobsedit
The Cabinet on Thursday cleared a policy to make India a software product centre by 2025. In a series of decisions, it approved the second phase of the FAME India scheme to boost electric vehicle for public transport, and an ordinance to allow voluntary use of Aadhaar number as a Know Your Customer (KYC) mechanism.
Cabinet clears Rs 10,000 crore FAME II schemeedit
With an eye on promoting electric and hybrid vehicles, Finance Minister Arun Jaitley said Thursday that the Union Cabinet has cleared a Rs 10,000-crore programme under the FAME-II scheme.
Cabinet approves Rs 10,000 crore package for phase II of FAME schemeedit
In a much needed fillip, the Cabinet Committee of Economic Affairs (CCEA) has approved a Rs 10,000 crore package for the second phase of Faster Adoption & Manufacturing of Electric (and hybrid) vehicles (FAME) scheme on February 28.
Deloitte India suggests road map for EV adoptionedit
As India focuses on clean energy, the popularity of electric vehicles (EVs) in the country is increasing, driving their sales. With the market for EVs expanding in India, Deloitte India, in its latest report on the future of mobility released on Thursday, suggests potential models for EV adoption in the country. According to the consultancy firm, appropriate business models would help create synergy among stakeholders, and leverage their competence and expertise towards a common outcome.
Big push to EV: Govt approves Rs 10,000 crore FAME II schemeedit
The Union Cabinet has approved the proposal for implementation of second phase of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) in India, finance minister Arun Jaitely said on Thursday.
Huge Discounts On Electric Vehicles Expected As Centre Announces Double The Budget For Subsidiesedit
As the state governments are announcing their efforts to bring in electric vehicles (EVs) in their territories, the Centre will reportedly soon takes these initiatives a notch up with a hefty subsidy on electric and hybrid vehicles.
50% Of Karnataka Govt. Run Vehicles Will Be Electric By The End Of The Year Confirms Ministeredit
As several regions across India are putting in their efforts to switch to a cleaner mode of transport, Bengaluru has actively been a part of the list, working to make its transport run on batteries. Based on this, the state minister for large and medium scale industries, KJ George announced on Tuesday that 50 percent of the government run vehicles in the state will be converted to electric by 2019.
Lithiumion batteries units to come up in Andhra Pradeshedit
Andhra Pradesh Economic Development Board (APEDB) and Urja Global on Thursday signed a Memorandum of Understanding (MoU) for setting up a new plant to manufactu-re high technology Lithiumion batteries and electric vehicles for the electric mobility ecosystem.
Competition
Ola’s electric mobility unit gets Tiger, Matrix financial backingedit
After testing the waters for the past two years, Ola Electric Mobility, a subsidiary of ANI Technologies that owns the home-grown cab-hailing firm Ola, is now preparing to move on to the next phase with the backing of marquee global investors.
International
Ubiquitous EV charging network could drive fleet EV salesedit
That’s the finding of a new report from the Renewable Energy Association (REA), which says that greater collaboration between networks is needed if the UK is to achieve the Government’s goal of building one of the best charging infrastructure networks in the world, as outlined in the Road to Zero Strategy.
UK to miss electric car sales target, Auto Trader warnsedit
Only three-quarters of new cars sold in 2040 in the UK will be electrically powered, falling short of government targets, unless ministers increase incentives for consumers to buy battery vehicles, analysis by online marketplace Auto Trader suggests.
VW admits Tesla has advantage with EV because they don’t have to protect gas car businessedit
In an interesting and honest comment about their effort to go electric, VW CEO Herbert Diess said that Tesla has an important advantage over legacy automakers when it comes to electric vehicles; they don’t have to worry about protecting their gas-powered car business. The fact that Tesla only sells all-electric vehicles and only worries about selling electric vehicles give them an important advantage.