Electric Vehicles This Week: SBI Cuts Down EV Loan Rates, Renault To Slow Down Its India EV Plans
- Hyundai India is planning to source locally-produced parts for its EV project
- NITI Aayog has asked oil ministry to set up EV charging stations at nearly 1K fuel stations in India
- Tesla announces robotaxi ride-sharing service plans
Bengaluru-based cab-aggregator Ola’s policy research and social innovation think-tank Ola Mobility Institute has said that usage-based incentives on electric vehicles by the government will be essential to accelerate innovation, encourage the early adopters, enable new business models, and promote low-cost shared mobility services.
In its report titled, Beyond Nagpur: The Promise of Electric Mobility’, the company stated that the government’s emobility goals for 2030 can be achieved only when the incentive provision goes beyond the purchase cost of electric vehicles.
Analysing the insights from its pilot project at Nagpur, the company also suggested the use of renewable energy to power electric vehicle infrastructure.
Meanwhile, China which is looking to dominate the electric vehicle space is now under scrutiny. After the quality and safety of its electric vehicles and batteries were questioned since February, another scandal has fueled up the argument. This week, China-based carmaker NIO revealed that one of its ES8 models had burst into fire in Xi’an city during the repair. The company is still investigating the matter. Issues to this sort explain that the government’s move to focus more on quantity over quality will not be sustainable.
Chart Of The Week
Source: inc42
