Industry
The irresistible charm of electric mobilityedit
The company secured $250 million from SoftBank ear- lier this month, and is being dubbed as India’s latest unicorn. It would be challenging for India to create a competitive advantage in EV manufacturing. For one thing, it is not the easiest place to conduct business. India ranks 77 in the World Bank’s ease of doing business rankings and can only provide capital subsidy or other support in a limited manner.
India’s New Mobility Story: From Ice Age To EVsedit
The NDA government has proposed a two-phase transition to electrical vehicles (EV) to bring down vehicular pollution in India’s towns and cities. In the first phase, beginning 2025, it wants two-and three wheelers with internal combustion engines (ICE) to be replaced with electric two and three wheelers with engine capacity of up to 150cc.
With govt so zealous about EVs, will the new tax sops spur their adoption?edit
Electric vehicles are set to become the flavour of the season, if they haven’t already. But concerns loom over whether or not the industry will be able to meet the government’s ambitious target of converting 15 per cent of the vehicles on the country’s roads to electric in next five years.
Going electric: on plans to switch to electric vehiclesedit
The Union Budget has announced a bold move to make a transition to electric vehicles, and offered a tax incentive for the early adopters. Its stated vision to leapfrog into an era of electric mobility and domestic vehicle manufacturing, led by public transport and commercial vehicles, is forward-looking. It is also inevitable because poor air quality and noise pollution have sharply affected the quality of life, and pose a serious public health challenge.
Budget 2019: Driving India’s $5 trillion economy vision with Electric Vehiclesedit
In pursuit of placing India on a trajectory towards a $5 trillion economy, Finance Minister Nirmala Sitharaman announced a development-oriented Union Budget on July 6, 2019. Also, with an aim to promote sustainable development, and accelerate the electric mobility market in the country in this endeavor, measures such as income tax deduction of Rs. 1.5 lakh on interest paid on electric vehicle purchase loans, reduction in GST rates on electric vehicles, and a commitment of Rs. 10000 crore towards FAME-II, were announced in the budget.
Why electricity supplied to Electric Vehicles in India is not so greenedit
Electric Vehicles (EVs) seemed like a solution to growing pollution by emissions and heavy oil imports. The Union Budget 2019 by the NDA-led government has tried to promote both the indigenous manufacturing of EVs and purchase benefits with tax rebates and exemptions. But it looks like the benefits of green mobility is a long term goal.
Competition
Ather plans global journeyedit
Mehta, who cofounded Ather Energy in 2013 with Swapnil Jain, said he commutes daily on an Ather electric scooter to his office located at a tech park which also houses firms such as Accenture, Byju’s and Swiggy in Bengaluru.
Hero MotoCorp revamps top management, names Vikram Kasbekar as new CTOedit
Hero Motocorp, the country’s largest two-wheeler manufacturer, on Tuesday announced a reshuffle in its top management as part of its commitment to stay ahead of the emerging mobility trends. The auto major has created the ’emerging mobility’ business unit to give an impetus to new mobility trends such as electric vehicles (EVs).
Ready with electric vehicle strategy, rollout plan: Ashok Leylandedit
Commercial vehicle major Ashok Leyland is ready with its electric vehicle strategy even as it prepares to shift its entire model line to conform to BS VI emission norms from April 1, 2020, chairman Dheeraj G Hinduja said.
Kona Electric: One of the world’s worst polluters gets an electric vehicleedit
A full-fledged electric vehicle just made its debut in a market known for affordable, entry-level cars. South Korea’s Hyundai Motor Co. on Tuesday launched its Kona SUV in India, where 3.4 million new cars and SUVs hit the roads last year, and is the only major market without a real electric vehicle.
International
‘Why are electric cars more expensive?’ And more of your questions answerededit
How much does it cost to run an electric car? How can I get a charging point when I don’t have a driveway? Are they really better for the environment? These are just some of the many questions you have been sending us about electric cars, and with more and more manufacturers investing in and developing these vehicles, more questions are being raised.