Electric Vehicles

Govt's punitive action leads to a big dent in registrations

Electric two-wheeler sales in India rose over two-and-half fold to 8,46,976 units in 2022-23 over the previous fiscal, Society of Manufacturers of Electric Vehicles said on Monday. Total sales of e-two-wheelers (E2W) were at 3,27,900 units in 2021-22. Citing data sourced from manufacturers, Society of Manufacturers of Electric Vehicles (SMEV) said FY23 saw sales of 1.2 lakh low-speed (LS) e-scooters with top speed less than 25 km/hr. "In the electric two-wheeler segment, the industry sold 7,26,976 high-speed E2W (top speed more than 25km/hr) in FY 2023," it added. In 2021-22, sales of low speed e-scooters were at 75,457 units, while those of high speed e-scooters were at 2,52,443 units. SMEV said in FY23 E2W adoption ended "with an annual shortfall of more than 25 per cent over the minimum target set by Niti Aayog and various research organisations". The industry body said withholding of subsidies under FAME II for not complying with Phased Manufacturing Programme (PMP) guideline

The company led by Elon Musk, who is visiting China this weekend, made the announcement at a signing ceremony for the project in Shanghai, the report said

South Korea will extend 7 trillion won ($5.31 billion) in financial support to domestic battery makers over the next five years to help them respond to the United States' Inflation Reduction Act (IRA)

Tesla doubling down on a discount drive against the backdrop of a weakening economy

Limits on car pollution are key to helping the US meet its Paris Agreement commitment to slash greenhouse gas emissions by at least 50% from 2005 levels by the end of the decade

Delhi is likely to have 100 "world-class" electric vehicle (EV) charging stations with the "lowest charging costs in the world" by the end of July this year, Delhi Power Minister Atishi said on Thursday. She further said EV charging rates in Delhi are the "lowest in the world" at less than Rs 3 per unit. Atishi said she has instructed officials to ensure that 50 EV charging stations are ready by the end of April, and all 100 by the end of July. "Under the leadership of Chief Minister Arvind Kejriwal, Delhi is leading the EV revolution in India. Over 16.7 per cent of total vehicles sold in the capital are electric, the highest share of EVs in total sales across the country," she said. Reviewing the progress of work to set up charging stations, the power minister asked officials to ensure timely completion of the project taken up on public-private partnership mode. The 100 EV charging stations will be established at metro stations, bus depots and public places across the city. Durin

Electric two-wheeler maker e-Sprinto on Wednesday said it is looking to roll out four new high-speed scooters this year. Among the four new e-scooters, including Sprinto HS, one will cater to the B2B sector while the remaining three will be for B2C segment, the company said in a statement. The startup currently has a streamlined product portfolio in the low-speed category, consisting of e-Sprinto and e-Sprinto BB models of electric scooter. The company said its forthcoming range of scooters will cater to both the business-to-business (B2B) and business-to-consumer (B2C) segments, offering a diverse range of features and capabilities. "We are delighted to reveal our highly anticipated range of high-speed scooters that we are confident will establish a new industry benchmark. We firmly believe that our new line of scooters will deliver an exceptional riding experience, exceeding our customers' expectations," Atul Gupta, Co-founder and Director of e-Sprinto, said.

HMSI is establishing a new scooter manufacturing line at its Vithalpur factory in Gujarat. This is expected to boost its exports from India

The industry body says while EV segment as a whole grew by 157% during FY23, govt policy should be clear on how much manufacturers can get and how to encash on the subsidy

Elon Musk-run Tesla remains the market leader in the electric vehicle (EV) market in the US with more than 50 per cent share, selling more cars than the other 17 automotive groups combined

Kia India on Wednesday announced opening the bookings for the 2023 version of its electric vehicle EV6 from April 15. The 2023 EV6 will be available in two variants -- GT Line and GT Line AWD at an ex-showroom price of Rs 60.95 lakh and Rs. 65.95 lakh respectively, the company said in a statement. "For this year, we are focussing on importing more products to cater to the audiences who couldn't get their hands on the premium car last year by expanding our dealer network," Kia India MD & CEO Tae-Jin Park said. The company, which had sold 432 units of EV6 in 2022, further said it plans to expand the 150 kW high-speed charger network from the existing 15 dealerships to all 60 outlets. * ** ** ** ** ** ** ** Tata Motors appoints Inchcape as commercial vehicles distributor in Thailand * Tata Motors on Wednesday announced a partnership with Inchcape plc for distribution of its commercial vehicles in Thailand. Inchcape comes with a rich experience, expertise and strong understanding of

In the past year, soaring energy prices and Russia's invasion of Ukraine have been accelerants and a curse for the transition away from dirty fuels

Electric vehicles accounted for nearly 15 per cent of all vehicles sold in Delhi in March, according to the data of the transport department. It also stated that 7,926 electric vehicles (EVs) were sold in March, out of which four wheelers contributed to 20 per cent of the sale and three wheelers contributed 12 per cent. A total of 53,620 vehicles were registered in the city last month. The department noted that 1.12 lakh EVs have been sold under the Delhi Electric Vehicles Policy that was implemented by the AAP government in 2020. "Delhi EV sales Mar'23 report.. 7,917 Electric vehicles sold. EV contributed 14.8% of overall vehicles sold in month; Highest among any states in India. 4W sales contributed to 20% of EV sold. 3W (Goods) contributed 12%. 1.12 lacs EV sold under Delhi EV policy #SwitchDelhi," it said in a tweet. In February, Delhi saw 5,268 electric vehicles being sold out of the total 48,728 vehicles that were registered, while 5,576 vehicles were sold in January of the .

"The ministry is considering every direction (on penalty) but we will take a decision based on the recommendation in the investigation report"

EV charging network provider Statiq on Monday said it has won a contract from public sector oil marketing firm HPCL for setting up over 500 EV chargers across 12 states. Under the contract, the firm will install over 500 chargers, for all types of electric vehicles including two and four-wheelers, at HPCL's outlets spread across Andhra Pradesh, Assam, Chhattisgarh, Gujarat, Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, Orissa, Rajasthan, Tamil Nadu and West Bengal, the company said in a statement. Of the total 500 chargers, over 400 chargers will be of 3.3 kw capacity each while a few more than a hundred chargers will be of 7.7 kw capacity each, it stated. "With HPCL undertaking a major and country-wide exercise in terms of setting up EV charging stations at their petrol pumps, we have won this tender and become a part of their EV infrastructure building up journey, said Aman Rehman, head of government relations at Statiq. Statiq last year had installed nearly 200 chargers

Tesla Inc. delivered 422,875 cars worldwide in the first quarter, setting a record after it cut prices to appeal to consumers buffeted by rising interest rates and faster inflation

Though EVs have fast gained traction; CNG vehicle sales are up 82% in 5 years

Fewer new electric vehicles will qualify for a full USD 7,500 federal tax credit later this year, and many will get only half that, under rules proposed on Friday by the US Treasury Department. The rules, required under last year's Inflation Reduction Act, are likely to slow consumer acceptance of electric vehicles and could delay President Joe Biden's ambitious goal that half of new passenger vehicles sold in the US run on electricity by 2030. The new rules take effect April 18 and are aimed at reducing US dependence on China and other countries for battery supply chains for electric vehicles. Electric vehicles now cost an average of more than USD 58,000, according to Kelley Blue Book, a price that's beyond the reach of many US households. The tax credits are designed to bring prices down and attract more buyers. But USD 3,750, half the full credit, may not be enough to entice them away from less-costly gasoline-powered vehicles. Biden administration officials concede that fewer

Ola Electric is Numero Uno in the segment, with 22% share