Page 7 - Electric Vehicles In India

Indian EV market to hit annual sales of 17 mn units by 2030: Report

India's electric vehicle market is expected to expand at a compounded annual growth rate of 49 per cent between 2021-2030, with the segment's volumes set to cross annual sales of 17 million by 2030, a new report said on Tuesday. This projected growth is expected to be driven by factors such as rising fuel prices, entry of new players, advancement in EV technology, continued subsidy support from both the central and state governments as well as anticipated implementation of emission standards, India Energy Storage Alliance (IESA) said in its report. The EV industry in India experienced one of the quickest recoveries from the pandemic-induced slowdown in 2020, the report observed, noting that the electric two-wheeler segment, accounted for 50 per cent of the total over 4.67 lakh EV sales in the domestic market followed by the low-speed e-three-wheelers in 2021. However, other segments also showed notable increase over the course of the year, it stated. The report said that with a ...

With EV policy in focus, Delhi to get 18,000 new charging stations by 2024

Delhi government's Department of Transport released the charging/swapping infrastructure action plan for Delhi 2022-25 on Monday, making the announcement

Firms rev up plans to build massive battery storage capacity to power EVs

The capacities committed will come from companies eligible for PLI as well as other players; the largest capacity currently from a single company would be 20 GWh

Electric hopes

Policy clarity needed for electric cars

TII gears up for EV re-entry; to focus on e-tractors, 3-wheelers, heavy CVs

The group is learning from an unsuccessful foray into e-scooters by focusing on electric tractors, three-wheelers and heavy commercial vehicles

EVs need the spark of regulation in India to accelerate transition: Experts

Mandated battery standards are becoming imperative if India is to accelerate the transition from traditional vehicles

E-scooters and buses steal show at Electric Vehicles Expo in Delhi

Around 100 e-vehicle companies -- both domestic and foreign, showcased their latest pollution-free e-vehicles at the three-day 'EV Expo', that concluded on Sunday, at Pragati Maidan in Delhi.

Andhra Pradesh seeks to attract $4 billion investment in EV segment

Andhra Pradesh is seeking to position itself as the 'lighthouse state' and attract investments to the tune of USD 4 billion in the electric vehicles segment over the next few years. As a first step in this direction, the state government on Friday conducted a day-long CEO-Ministerial Dialogue to frame a requisite policy by eliciting views and ideas from various stakeholders. This is the first such initiative by a state under the World Economic Forum-Moving India network on 'Shaping the Future of Mobility', according to AP Industries and Investment Minister Gudivada Amarnath. "The global automobile industry today is at an inflection point. The world, especially India, is eagerly waiting for the industry to deliver world-class, affordable and efficient electric vehicles. I would be eager to see e-vehicles roll out from Indian (manufacturing) plants to serve the global markets," the minister said. The automobile sector was ready for yet another technological leap with the advent of ..

15th Electric Vehicle Technology Expo 2022: EVT Expo begins in Delhi

15th Electric Vehicle Technology Expo 2022: Details, When and Where you can Watch. Know everything about the Electric Vehicle Technology Expo 2022 scheduled in Delhi from August 5-7.

EV firm River gets $11 mn in funding to set up manufacturing plant

Uber and Twitter investor Chris Sacca's fund backs Bengaluru-based company preparing its first electric scooter

Exponent Energy partners Altigreen to bring rapid charging for electric-CVs

The companies have unveiled an electric three-wheeler that rapid charges from 0-100 per cent battery capacity within 15 minutes at Exponent's e-pump network

Apollo Tyres prepares to meet demand from electric vehicles segment

Apollo Tyres expects electric vehicles' adoption to pick up pace over the next few years and is gearing up to cater to demand both in passenger vehicle and two-wheeler segments. The company, which on Monday introduced two tyre brands for electric passenger vehicles and two-wheelers, is bullish on opportunities across domestic and international markets. "The consensual view is that the electric two-wheeler segment will grow the fastest and in that too scooters will be the first followed by motorcycles. "Besides, the bus segment will also grow and four-wheeler will probably reach about 15-20 per cent (of the overall passenger vehicle sales) by 2030," Apollo Tyres President (Asia Pacific Middle East and Africa) Satish Sharma told PTI in an interaction. Electric two-wheeler sales could account for 30-35 per cent of overall sales by 2030, he suggested. "There is every reason to believe that there will be rapid expansion of electric vehicles and therefore tyres for such models," Sharma

Ola likely to lay off nearly 1,000 employees to ramp up EV plans: Reports

Media reports say that Ola's verticals like mobility, hyperlocal, fintech, and its used car operations have all been included in the process

Ola Electric suspends production at Tamil Nadu plant citing maintenance

Ola Electric has suspended its production of electric scooters at Tamil Nadu's Krishnagiri plant for almost a week, a news report said

Hybrids vs Electric vehicles battle to hot up in India's car market

The strong hybrids offer a great solution over pure EVs, as they take care of all the barriers of the pure EVs, maintain Japanese carmakers

Volvo XC40 Recharge EV to be launched in India on July 26; check details

The XC40 Recharge is likely to be priced between Rs 60 lakh and Rs 70 lakh and it is expected to compete against Kia EV6, and the Hyundai Ioniq 5

Expect 60% of sales to accrue from pure-electric variants, says Jaguar

Jaguar Land Rover expects 60 per cent of its brand Land Rover's sales across the globe to come from pure-electric trims by 2030. The Tata Motors-owned luxury carmaker plans to add at least six pure-electric variants to be part of the Land Rover portfolio starting 2024. The British automaker has already confirmed a pure-electric new Range Rover to join the product range in 2024. "Over the next four years, Land Rover will welcome six all-electric variants across two architectures our flexible Modular Longitudinal Architecture (MLA) and Electric Modular Architecture (EMA)," the company stated in its Annual Report for 2021-22. The move towards pure electrics would help the company to meet unprecedented policy shifts and an exponential rise in customer demand towards electric vehicles across its key markets, it said. "As adoption increases, we expect 60 per cent of global Land Rover sales to be pure-electric by 2030," the company informed its shareholders. The company noted that work

30% of new vehicles sold in India by 2030 can be electric, says study

Electric passenger vehicles could comprise 30 per cent and 75 per cent of new vehicle sales in India by 2030 and 2050, respectively, according to a study released on Wednesday

More than 1.3 million electric vehicles registered in country: Gadkari

Union Minister Nitin Gadkari on Wednesday said more than 13 lakh electric vehicles are registered in the country. This figure excludes the data of Andhra Pradesh, Madhya Pradesh, Telangana and Lakshadweep, the Road Transport and Highways minister said in a written reply to the Rajya Sabha. Gadkari said under Faster Adoption and Manufacturing of Electric Vehicles (FAME) Phase-II scheme, 2,877 public EV charging stations have been sanctioned in 68 cities and 1,576 EV charging stations across 9 expressways and 16 highways. "The number of electric vehicles in the country is 13,34,385 (excluding data of Andhra Pradesh, Madhya Pradesh, Telangana and Lakshadweep, which is not available in VAHAN 4) as on 14-07-2022 and a total of 2,826 public charging stations are operational in the country, as per the Bureau of Energy Efficiency," he said. Gadkari said, according to the World Road Statistics (WRS) of the International Road Federation, Geneva, India recorded 1.5 lakh road accident fataliti

7 electric bikes catch fire at Pune showroom, overcharging suspected

In yet another fire incident involving electric vehicles (EVs) in the country, at least seven electric bikes caught fire at a showroom here reportedly due to overcharging.