Industry
Inside India’s Messy Electric Vehicle Revolutionedit
It’s the morning rush hour at Nawada metro station in India’s capital, and dozens of electric rickshaws are jockeying to get through the narrow gate into the parking lot. Once inside, each one stops to let its four or five passengers off before squeezing back out to pick up more riders.
650 electric buses to hit urban roads of 13 UP districtsedit
In an attempt to improve public transport and curb air pollution caused by vehicle emission, the UP government has decided to introduce battery-driven electric buses in the urban areas of as many as 13 districts. Centre has already approved a budget of around Rs 900 crore for the purpose and the process of tendering has been initiated, according to official sources at Uttar Pradesh Urban Transport Directorate.
Transport ministry wants lower GST on hybrid vehiclesedit
The transport ministry has written to the finance ministry asking for the goods and services tax on hybrid vehicles to be reduced from 28%. This comes after the GST Council, the apex decision-making body for the tax, slashed the rate for electric vehicles to 5% last month in a bid to boost cleaner sources of mobility.
UP designates PMs Varanasi, nine others as ‘Model Electric Mobility Cities’, aims for 1 million EVs by 2024edit
Ten cities in Uttar Pradesh, including Prime Minister Narendra Modi’s constituency of Varanasi, have been designated as ‘Model Electric Mobility Cities’ in a policy being rolled out by the Yogi Adityanath government that aims to attract investments worth Rs 40,000 crore into electric vehicle manufacturing by 2024. Uttar Pradesh, which touts itself as an automobile manufacturing hub with plants of India Yamaha Motor, Honda and New Holland in Greater Noida, and TATA Motors’ unit in Lucknow, is rolling out attractive incentives for electric vehicle (EV) manufacturers and aims to create 50,000 new jobs in the area.
EVs at the cusp of next wave of growth, thanks to the Govt’s Development Agendaedit
The electric vehicle (EV) market in India has been riding a wave of growth in recent times. The ambitious goals of EV manufacturers have made the industry ripe for disruption. This has been complemented by multiple favourable initiatives by the government.
Competition
Pawan Munjal to plug into Ola Electricedit
Pawan Munjal might be the next big investor after Ratan Tata to invest in Ola Electric. Billionaire Pawan Munjal, chairman of Hero MotoCorp Ltd—India’s largest two-wheeler maker by sales—is in advanced talks to invest in the electric mobility arm of ride-hailing company Ola, said four people directly aware of the development.
International
In The Future, Wind Energy Could Join Forces With Electric Vehicles To Power More Of The Gridedit
On the roads of the future, pollution could become a thing of the past. Globally, the uptake of electric vehicles has surged as drivers seek to reduce carbon dioxide emissions from cars, trucks and buses. But this burgeoning demand for electric vehicles is starting to overload existing energy grids as more drivers join the hunt for a charge.
How AI is unlocking battery technology that will power the future of electric vehiclesedit
The stakes for the global battery market are incredibly high. Some predictions estimate that it will be worth over £250bn per year from 2025, with the possible creation of four million jobs in the EU alone. And batteries – already essential for most consumer goods – will be even more vital for widespread adoption of electric vehicles.