Electric Vehicle (ev)

The guidelines, expected next month, for the EV car programme scheme will likely allow foreign automakers such as Tesla to test the market before making required investments

Major auto component firms likely to invest up to Rs 30,000 cr next fiscal: ICRA

The sector is also expected to invest in capacity enhancements and upcoming regulatory changes.

Tata Motors gets fresh order for 148 electric buses from Bengaluru's BMTC

This order follows an earlier order of 921 electric buses by BMTC, most of which have been delivered

India to expand EV manufacturing incentives after Tesla disappointment, source says

India’s EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the U.S. automaker backed off from those plans earlier this year.

Ford to cut 14% of European jobs, blaming EV shift and rising competition

The US company is the latest automaker after Nissan, Stellantis and GM to cut costs as the industry struggles with growing competition from Chinese rivals in Europe, waning demand in China, and the challenges of shifting to EVs that remain too expensive for most consumers to buy.

Rapido partners with IndoFast Energy to roll out 10k Piaggio e-three wheelers

Starting with Hyderabad, Bengaluru and other major cities in southern India, the partnership will add over 1,000 EVs to the country's public transport system by December 2024

Karnataka mulls new EV policy for next 5 years: CNBC-TV18

The southern state is also considering to exempt all electric and strong hybrid vehicles under Rs 25 lakh from road tax

myTVS rolls out mobility-as-a-service platform for last-mile EV fleet player

The company has partnered with MoEVing, an EV-based logistics firm to start Mobility-as-a-Service (MaaS) to provide end-to-end vehicle management solutions.

Mercedes seeks common platform for ease of EV charging

India is a leader in digital technology, but when it comes to charging, there are still multiple apps that don't talk to each other, said Mercedes-Benz India MD and CEO Santosh Iyer

Why Foxconn’s next bid for growth is a room on wheels

The stakes for the parent group riding on Sharp’s new electric minivan may not make for a comfortable ride

Maruti Suzuki to launch EV with 500-km range, says CEO Hisashi Takeuchi

To increase customer confidence, Maruti will also export these same EVs to markets like Europe and Japan, the CEO added

Tata Motors ties up with 2 firms to expand charging infra for electric CVs

As part of the MoU inked between the parties, 250 new fast-charging stations for electric commercial vehicles would be set up across the country.

Battery storage costs must drop by 15% yearly for India to avoid adding new coal capacity: Report

To meet its goal of reaching net-zero emissions by 2070, the country needs to reduce its dependence on coal and increase the use of renewable-energy sources like solar and wind power

Electric mobility right step in right direction, says M&M's Rajesh Jejurikar

The Mahindra & Mahindra official was responding to a query regarding the company's stand on the Uttar Pradesh government announcing registration waivers for hybrid vehicles

Amazon India partners with Gentari for 10,000 EV fleet by 2025

Under the pact, Gentari will procure and deploy EVs for Amazon in next three years besides providing comprehensive fleet management services to the delivery service partners to ensure seamless operation and upkeep of the EV fleet

Govt lists ongoing schemes to speed up electric vehicle adoption

The Ministry of Heavy Industries said the Electric Mobility Promotion Scheme 2024 (EMPS), with an allocation of Rs 778 crore, is set to run from April 1, 2024, to September 30, 2024. The scheme provides incentives for the purchase of electric two-wheelers (e-2W) and electric three-wheelers (e-3W).

FAME-III scheme excluded from Budget 2024, set for near-future launch

However, the government is advancing the FAME-III scheme to promote electric mobility, with implementation likely in the near future, Union minister HD Kumaraswamy announced on July 16, reported PTI

SK On, South Korean EV battery giant, in crisis amid plummeting global sales: Report

Recent developments include extended layoffs at its Georgia plant and the postponement of a second facility launch in Kentucky, which is a joint venture with its principal US client, Ford.

EV makers seek stable subsidy policy in budget, fresh boost to green mobility: Report

The Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme was initially launched in 2015 to incentivize the adoption of electric and hybrid vehicles by providing subsidies to EV manufacturers, thereby reducing product prices.

Hybrid Vs EVs: Who will lead the market share battle?

Hybrids provide a quick, affordable fix, even if EVs are essential to long-term climate goals. Experts argue that customers may find hybrids to be a desirable alternative because to their fuel economy, cheaper running costs, and lesser pollutants.

IPO-bound Ather Energy’s FY24 operating revenues remain flat at Rs 1,753 crore

The flat numbers come in amid rising competition, subsidy reduction, and overall slowdown in the market

Govt to come out with detailed guidelines for electric vehicle policy

The Ministry of Heavy Industries has already held the first round of consultation last month

Tesla CEO Elon Musk kicks off surprise trip to Beijing: Report

Tesla has since 2021 stored all data collected by its Chinese fleet in Shanghai as required by Chinese regulators and has not transferred any back to the United States.

Battery recycling shatters the myth of electric-vehicle waste

Traditional methods of ripping materials out of the ground and refining them for battery packs requires enormous amounts of energy. As a result, the initial carbon footprint of an EV is higher than a comparable internal combustion engine vehicle.

Tesla Q1 results: EV major promises affordable cars; stock rises over 10%

Tesla highlighted the continued pressure on global EV sales, with many automakers prioritising hybrids over EVs. However, according to the company’s statement, Tesla remains committed to promoting EV adoption in line with its mission.