Mention
Meet India’s First EV Unicornedit
Apart from Ola Electric Mobility, several other EV startups have got support when it comes to raising funds showcasing the mindset of investors towards environmental obligations and sustainable solutions. Ather Energy, Sun Mobility, Yulu, Mobicy are some of the examples of startups who have carved a niche in the sector.
Industry
Team Achillius shines with electric solar vehicleedit
The first-ever electrical solar vehicle launched by SJEC had its own self-fabricated solar panel and customised gearbox. The team completed the design and participated in the Future Solar Design Challenge (FSDC) organised at the Chitkara University i…
Budget Expectations: Auto industry seeks uniform baseedit
The last few months have not fared well for the Indian automotive industry. The sector is amidst one of the most challenging times ever witnessed with a drastic plunge in domestic consumption. Automobile sales across categories have touched the nadir in eight years since 2011, plummeting by 17.07%. This in turn has had a cascading negative impact on OEMs, auto ancillary and metal sectors.
Budget 2019: Need wider GST refund structure for EV cosedit
The Central government has been consistently supporting and promoting the adoption of electric vehicles and it has had a positive impact on the market. As the industry matures, it will need long term policy support and predictability, which will allo…
Kerala Begins Groundwork for Ambitious EV Policyedit
Kerala Chief Minister Pinarayi Vijayan at the inauguration of a two-day event ‘Evolve: Kerala mobility conference and expo’ announced not only rolling out electric vehicles but under the EV policy Kerala will also invest on charging infrastructure and suitable technology development as well.
IKEA to fully adopt EVs for delivery by 2025edit
“We have the goal to adopt 100% EVs by 2025 for customer deliveries. Transport of co-workers with EVs will be the next step,” the Swedish home furnishings major said in an announcement on how Country Retail Managers at 30 IKEA retail businesses globally would take take on the role of country Chief Sustainability Officer as well.
Are EVs as Environment Friendly as they are Claimed to beedit
Electric vehicles are the future of the automobile industry. With the rising levels of pollution, the electric revolution is gaining momentum with technological innovation and growing consciousness towards environment protection. Governments around the globe have stepped up their policies and innovation in technology to align themselves more in line with the procurement and deployment of electric vehicles.
India roadmap has electric vehicle value-chain in its sightsedit
The government of India has unveiled plans to boost its national battery manufacturing and value-adding capabilities that would see it meet its electric vehicle (EV) adoption targets.
Can the government get EV engine roaring for two-wheelers?edit
These are trying times for the auto industry, more so for the two-wheeler space, the biggest reflection of India’s pulse. The sales figures for 2018-19 are a precursor to the things to come next year. At 19 million units of sale, the industry grew by a moderate 6 percent last year, with no signs of immediate reversal.
Auto industry urges government to take immediate steps to improve liquidityedit
Currently, NBFCs have a huge exposure to vehicle financing in the country, in almost every category including commercial vehicles, passenger vehicles, two- and three-wheelers. The segment currently finances almost 70 per cent of new two-wheelers and 60 per cent of new commercial vehicles sold in the country.
Government announces second phase of FAME India: Focus on electrifying public and shared transportationedit
The second phase of Faster Adoption and Manufacturing of Electric Vehicles in India (FAME India) scheme will focus on supporting the electrification of public and shared transportation over the next three years, the government said on Tuesday.
Electric Two Wheeler Segment Loses 20 Percent Of Its Dealers — Is The Government To Blame?edit
India has big plans to go fully electric in the two-wheeler (up to 150cc) segment over the next six years. If that happens, suppliers will get the opportunity to localise EV related components, and dealers will get all the footfall they need.
Budget 2019 Expectations: GST on batteries should be reduced, says MD of Okinawa electric scootersedit
With Union Finance Minister Nirmala Sitharaman all set to present Modi 2.0’s first Full Budget on July 5, expectations and hopes of various traders, industrialists, and other people from the business section are running high. Keeping in mind the big focus on Electric Vehicles that Modi 2.0 has in terms of auto sector, players in EV segment too are sharing their expectations.
Govt must focus on supply as it has on generation, transmissionedit
While the suggested composition of this proposed council, with the Union power minister as the chair, and the Union finance minister and the power ministers of all the states as members, given the linkages with other sectors, it would make sense to also have the Union ministers of coal; Environment, forest and climate change; and new and renewable energy as additional members too, given the strong linkages and the issues that the sector faces around mining, generation, and the challenges around integration of the addition of 175 gigawatts (GW) of renewable energy into Indias power system.
Transition period for EVs should be definededit
We expect GST rates, which stand at 28%, should be brought down to 18% because it will benefit the industry in terms of cash flow and the complete structure, especially MSME companies and large corporates who are impacted will be comfortable with this. Similarly, several companies have also invested a lot in SVI and will be investing in EVs (electric vehicles) and they will need technology investment.
MG Motor partners Fortum to set up EV charging stationsedit
MG Motor India Tuesday said it has tied up with Fortum Charge & Drive India to set up charging stations for electric vehicles at its showrooms in five cities, including Delhi-NCR, ahead of the launch of its electric SUV, EZS, later this year. Under the partnership, Finland-based clean energy major Fortum will install 50 kW DC fast-charging EV stations at MG Motor India’s showrooms in Delhi-NCR, Hyderabad, Mumbai, Bengaluru and Ahmedabad by September this year to begin with.
Competition
Maruti Suzuki’s Green Initiatives: Transition to BS-VI, EV launch, green logistics and moreedit
Air pollution has become one of the largest concerns the world is dealing with, especially India which happens to have some of the cities with the worst air pollution in the world. This has led to the global automotive industry to scramble to develop vehicles that can run on alternative fuel and improve the existing ICE (internal combustion engine) to produce lesser emissions.
International
How Volkswagen plans to dominate world’s biggest electric vehicle marketedit
VW has announced that it aims to produce over 11 million electric vehicles in China by 2028, which will be over half of the Group’s total global output, as it plans to become the leading player in the largest EV market.
Remote charging removes roadblocks for Electric Vehiclesedit
Fiordland, the West Coast and Aoraki Mount Cook National Park can now be easily reached by electric vehicles thanks to the installation of three new remote public charging stations.
Australia is ready for electric cars, says Mercedes-Benzedit
Mercedes-Benz Australia CEO Horst von Sanden says demand for electric vehicles in Australia is now strong enough that the carmaker will roll out zero emissions cars despite supporting policy from the government.
Electric cars grab almost half of sales in oil-producing Norwayedit
Almost half of new cars sold in Norway in the first six months of 2019 were powered by fully electric engines, up from just over a quarter in the same period last year, ensuring the Nordic nation retains its top global ranking in electric vehicle sales.
Every lamp post as EV charging point? It’s Happening!edit
India’s quest for green mobility just got a boost with the announcement of the second phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-2) scheme early this year. The Rs 10,000 cr boost to support the roll out of at least 150,000 electric vehicles in the next three years hopes to answer the two basic issues proving to be a handbrake: batteries and charging infrastructure.