The company that has joined the electric mobility initiative for clean transport will make the switch by expanding the charging infrastructure for electric vehicle across its business parks in India.
After owning and testing many of the popular EVs on the roads today, Edmunds created its own standardized real-world test to provide an additional data point for comparison.
Electric vehicles typically use cathodes made from nickel, cobalt and manganese, but there are alternatives such as lithium iron phosphate that do not need cobalt.
The power ministry has also chalked out a plan to focus on Delhi National Capital Region, Kolkata, Chennai, Hyderabad, Bengaluru, Vadodara and Bhopal for creating EV charging infrastructure in cities as well as on highways to encourage people to switch over to electric mobility.
The company, which currently has two-wheeler manufacturing facilities at Surajpur (Uttar Pradesh), Faridabad (Haryana) and Chennai (Tamil Nadu), believes success of electric products would depend on available infrastructure, affordability and acceptance by the customers.
Simple Energy’s Mark 2 claims to have a drive range of more than 280 km on full charge. To be priced around Rs 1 lakh, the battery-charged scooter is likely to go on sale in a few months. A US-based venture capital company has already invested $1.3 million in the firm.
The policy envisages waiving of registration fee, road tax, and providing an incentive of up to Rs 1.5 lakh for new cars.
More than 90 percent components will be made in the state which would benefit its MSME sector. Work on identifying land near Lucknow and Yamuna Expressway for setting up the plant was on, a government spokesperson said.
Goenka said M&M is keen on becoming a significant player in the EV space with Mahindra Electric on one side and its Italy-based arm Automobili Pininfarina (APF) with its high-end models on the other end.
The report also said it expects 9 percent penetration by 2024-25 in the two-wheeler segment and with the right macroeconomic environment, the number can further go up to 16 percent and while the segment could grow to Rs 12,000 crore by 2024-25.
Acquisition of Etergo may look unrelated to Ola’s service business but maybe Ola has decided it needs a new business
VW said it will invest 1 billion euros to take a 50% stake in the state-owned parent of Anhui Jianghuai Automobile Group (JAC Motors), also raising its stake in an existing electric vehicle joint venture with JAC to 75% from 50%.
Ola Electric said it aims to launch its electric two-wheeler in India in 2021, and the acquisition of Etergo will further bolster OEM's engineering and design capabilities. The deal value has not been revelaed.
The company has already installed 100 fast charging stations in various cities, including Delhi, Mumbai, Bengaluru, Pune and Hyderabad, which it plans to take to 300 by March 2020.
More than half a dozen companies including Tata Motors, Tata Chemicals, Tata Power and Tata Croma, a chain of stores selling consumer electronics, are pooling in resources and expertise to build an electric vehicle (EV) ecosystem, the executives told reporters in Mumbai.
The company, which sells its Tigor EV primarily to fleet customers, is now gearing up to cater to the personal segment with the introduction of the electric version of compact SUV Nexon which comes with a range of over 300 kms.
The fresh funding will fuel a deeper electric vehicle (EV) integration, platform play and help drive profitability, the company said in a statement.
Tesla Cybertruck is expected to be launched globally in late 2021.
"NTPC is working very strongly on the electric vehicle (EV) side. On the charging network side," Bhargava said addressing India Energy Summit here.
Chargedot, which employs 185 people, makes charging stations and software platforms to enable vehicles to be charged with electricity.
Any large electric vehicle investment in future is mainly linked to regulatory push or related infrastructure development
Singh said in the statement that the revised guidelines are more consumer friendly, as they incorporate a number of suggestions received from various stakeholders.
Apart from investment, government backing and direction will be crucial for accelerating adoption and deployment of electric mobility, the report added.
The bicycle, priced upwards of Rs 2 lakh, has already opened bookings in India.
Shraddha Sharma chats with Moneycontrol's Swaraj Baggonkar to find out more about the EVs that will be supplied to Ola.