Industry
Start-ups make beeline for developing subsystems for electric vehiclesedit
Several start-ups have shown interest in Ministry of Electronics and IT’s research and development (R&D) programme for making indigenous subsystems for electric vehicles.
KSRTC officers, trade unions sceptical of e-buses’ profitabilityedit
Even as the government is going ahead with the proposal to launch more electric buses across the state, KSRTC officers and the trade unions are doubtful whether the e-buses will fetch the expected revenue.
Self-drive cars, e-vehicles will become big in India soon: Nandan Nilekaniedit
Smoggy skies, snarling traffic jams, rising population — you could paint a picture of any metro city in India with this. Nandan Nilekani, however, says he’s had enough. “India needs disruption right now because the problems are becoming too big and the chalta hai attitude will not work anymore,” the Infosys co-founder said speaking at an event in New Delhi recently.
FAME-II to offer incentives for electric vehicles from next monthedit
From April, up to 10 lakh electric two-wheelers will get subsidy of Rs 20,000 each while 35,000 fully electric cars can avail benefit of Rs 1.5 lakh under the newly notified FAME-II scheme, reducing their prices for buyers. The second phase of the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) will be implemented for three years starting next month with a Rs 10,000 crore outlay.
Administration seeks MC’s reply on e-vehicle charging stationsedit
As the Centre has sought report from the administration on electric vehicle charging stations in city, the administration has now sought MC’s reply on the issue. The centre had sought report under their plans to promote hybrid and electric vehicles in the country.
Competition
Ola Raises $56 Million for Its Electric Mobility Business in Indiaedit
Ola Electric Mobility, a company, backed by Ola, an Indian ride-sharing company, announced that it has raised a sum of ₹400 billion ($56.4 million) led by several of Ola’s early investors including, Tiger Global and Matrix India and others, as part of its first round of investment.
Avan Motors unveils new Trend E electric scooter with 110 km range in one full chargeedit
Avan Motors, an electric scooter startup, announced on the very first day of this year that it would launch one new product every month starting this year at a price range of Rs 45,000 to Rs 80,000. The spree fo new products seem to have begun as Avan Motors today unveiled the new Trend E at the Automobile Expo 2019 in Bengaluru.
International
How Utility Companies Can Lead The Electric Car Revolution & Still Make Moneyedit
In 1914, Thomas Edison said, “The electric motor will be universally used for trucking in all large cities and … the electric automobile will be the family carriage of the future.” It has taken more than 100 years for his prophesy to become a reality, though. Gasoline and the internal combustion engine came along and pushed Edison’s dream onto the back burner.
India Offers $1.4 Billion In Subsidies To Support The Domestic Electric Vehicle Industryedit
To encourage the growth of the electric vehicle (EV) industry in India, the government has developed a two-pronged strategy aimed at both buyers and manufacturers: $1.4 billion in subsidies are to be offered, followed by a hike on import tariffs within the next year to spur domestic companies to build the vehicles.