Industry
Ministries, PSUs, power firms gear up to charge India’s electric vehiclesedit
At least half-a-dozen public sector firms, the railways and various ministries are in the process of creating infrastructure and manufacturing components for electric vehicles (EVs).
50% Local Sourcing Likely for Cos to Book EV Ride Under FAME-IIedit
The government will insist that electric vehicle makers sour- ce at least 50% of their components locally if they want to avail of its incentive programme and bid for its orders, even as it looks to promote local manufacturing and discourage imports.
Fame-II’s missing sparkedit
The government’s ambitious FAME-II scheme to help India leap into a future driven by clean mobility has sparked hope and disap- pointment among automakers. Two- wheeler makers in particular have been left unenthused by the scheme that went into effect on April 1.
Competition
International
Automakers Invest Heavily in Electric Vehicles Despite Still-low Demandedit
Demand for electric vehicles remains low in the U.S. market, but industry executives at the New York auto show this week said they are pushing ahead with billions of dollars in investments even while preaching patience. Officials said their companies are charging ahead with a flurry of new electric vehicle (EV) models, citing rising regulatory requirements globally.
Costa Rica bets on ending fossil fuel use by 2050 under decarbonization planedit
Eric Orlich and his wife Gioconda Rojas own two electric vehicles, which they charge at home in the garage thanks to solar panels on their roof. That could soon become the norm in Costa Rica, where the government launched a decarbonization plan in February to rid the country of fossil fuels by 2050.