Industry
All buses in India to be electric in next two years, says Nitin Gadkariedit
Union Minister of Road Transport and Highways Nitin Gadkari Monday said that all buses in the country would be converted into electric within a span two years. “In the coming two years, all buses will be converted to electric,” Gadkari said at the national conclave on energy efficiency in micro, small and medium enterprises in New Delhi.
Auto slowdown: An opportunity for electric two-wheelers to self-regulate the market?edit
India’s two-wheeler sales long overtook that of China’s to become the world’s largest two-wheeler market, according to media reports in 2017. Data on vehicular population records this increase in two-wheeler shares from 8.80 per cent in 1951 to 73.50 per cent in 2015.
No need to ban petrol, diesel vehicles; EVs picking up momentum naturally: Nitin Gadkariedit
Allaying fears of the automobile industry, Union Road Transport Minister Nitin Gadkari on Monday said there is no need to ban petrol and diesel vehicles as electric mobility has picked up momentum on its own and all buses would be electric in two years.
10 opportunities for Delhi to achieve electric, urban mobilityedit
The opportunities are – an EV coordinating body; single-window clearance; incentives for economic market segments; battery swapping technology; charging and battery swapping infrastructure; reliable and renewable power supply; attractive financing for EVs; ease of EV operations; education, outreach, and capacity building; and open mobility data.
Competition
Moving to EVs is a Paradigm Shift and Could Face Initial Resistance – Euler Motorsedit
Euler Motors is an Automotive and Energy start-up working on last-mile transport using electric vehicles. Founded in 2018, the company is focussed on bringing 3 and 4 wheelers light commercial electric vehicles for cargo and passengers. The company has already received the first series of investment and is already providing its vehicles to companies like BigBasket, EcomExpress, Udaan, and BlueDart.
Hero Electric plans to set up new unitedit
At a time when the auto industry is slashing production, Hero Electric is looking to invest in a new manufacturing plant. The company proposes to invest Rs 700 crore in plant and product development over the next three-four years. Hero Electric India currently has a 100,000 unit per annual capacity plant in Ludhiana and plans to increase the capacity to 500,000 units.
Changing tack: Tata Power set to become a services playeredit
Like some of its global peers such as US-based Duke Energy or Italian multinational Enel, power producer and distributor Tata Power is looking to morph from a pure-play utility into a customer-focused business. CEO & MD Praveer Sinha expects renewables and the customer-oriented business — distribution, rooftop solar, micro-grid and solar pumps, home automation and EV charging — to contribute about half the company’s revenues in the next five years.
International
Tesla Becomes the Most Selling Car in Norway, 9 of 10 Best-Selling Vehicles are Electricedit
As the world makes an imminent shift towards a cleaner alternative to fossil fuel, several countries are pushing for the sales of electric vehicles in the form of subsidies and heavy investments in EV charging infrastructure. In the same breath, recent data by Clean Technica showing vehicle sales in Norway from January to August suggests that nine out of the 10 top-selling cars were either electric or hybrid.
California electric vehicle exports, already valued at $3 billion in 2018, expected to hit $3.4 billion in 2019edit
More and more electric vehicles (EVs) are accelerating onto roads worldwide, and as they gain traction, they’re becoming one of California’s biggest economic exports. Last year, EVs were the state’s 8th most valuable export, worth almost $3 billion in revenue—more than phones, pistachios, and even oil. In 2019, California’s EV exports are poised to grow further – expected to hit $3.4 billion, which would have made it the state’s fifth most valuable export in 2018.
Labour to commit to big increase in charging points for electric carsedit
Labour will build a national network of charging points for electric vehicles at a cost of £3.6bn to kickstart its planned “green industrial revolution” if elected, the party will say on Monday. The rollout of rapid-charging stations on motorways and urban streets would be enough for more than 21m cars in the next decade, and, the party said, would remove one of the biggest obstacles to electric car ownership and create 3,000 skilled jobs for electricians and engineers.
After $5 Billion in Losses, China’s NIO Battles for Survivaledit
It took Tesla Inc. about 15 years to rack up $5 billion in losses. The company some regarded as China’s Tesla did it in four. And the bleeding continues. Shanghai-based NIO Inc. is poised to report Tuesday that it lost another 2.6 billion yuan ($369 million) — around $4 million a day — during the second quarter, according to the average of two analysts’ estimates.