Mention
OPINION: Electrifying India’s Transportedit
India’s urban population will nearly double in the next decade. More than half a billion people will live and work in Indian cities. Travel within and between cities will grow exponentially. This rapid growth poses several social, economic and environmental challenges.
Industry
Electric vehicle sales to nose dive by 50% in FY2020edit
Impending increase in electric two-wheeler cost with new policy is expected to puncture the growth of overall electric vehicles sales in India in FY2020. According to Society of Manufacturers of Electric Vehicles (SMEV), the total sales will be halved in the financial compared to previous year.
Electric two-wheelers: Govt may ease eligibility norms for claiming subsidyedit
The department of heavy industries is likely to relax the eligibility criteria for electric two-wheelers for claiming subsidy under the second phase of the FAME II (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles) scheme, people familiar with the matter said.
Govt tells EV makers to localize manufacturing to qualify for subsidiesedit
Control units, chargers and AC units are among a slew of components that electric and hybrid vehicle manufacturers must build locally to qualify for subsidies under a government scheme to encourage the adoption of such vehicles.
India’s e-car plan has just one, but potentially debilitating, flawedit
Dirty air has finally become an issue in Indian election manifestos, along with perennial subjects such as temple-building and farmers’ incomes. That shouldn’t be a surprise: Even politicians can’t escape air pollution, which has reduced life expectancy in areas near the capital New Delhi by more than 12 years.
Competition
Ratan Tata invests in Ola’s electric mobility businessedit
Ratan Tata, chairman emeritus of Tata Sons, and an early backer of Ola, has invested an undisclosed amount in the ridehailing platform’s electric mobility business as part of its Series-A round, the company said in a statement on Monday.
International
Volkswagen Investors Worry About Ambitious Electric Car Plansedit
Volkswagen’s share price jumped last week after its first quarter financial results showed it was performing better than some of its close rivals, but investors still worry about its inefficient governance, while its huge electric car program is a gamble that could go badly wrong.