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Major battery manufacturing facility opens its gates in Sunderland
Operated by North East tech firm Hyperdrive Innovation, the new facility will be capable of producing up to 30,000 packs a year North East clean tech innovator Hyperdrive is opening a major new battery manufacturing facility in Sunderland today, built to meet surging demand for electric vehicles (EVs) and energy storage systems. Hyperdrive, a leading […]
EV Charging Stations Increase In Oklahoma
More electric vehicle charging stations are coming to Oklahoma. In this episode of the Business Intelligence Report, Journal Record editor Russell Ray discusses how this comes at a time of increased interest in electric vehicles and charging infrastructure across the state. Full Transcript: Katelyn Howard: This is the Business Intelligence Report, a weekly conversation about […]
Going electric: on plans to switch to electric vehicles
The budgetary measures can speed up India’s plans to switch to electric vehicles The Union Budget has announced a bold move to make a transition to electric vehicles, and offered a tax incentive for the early adopters. Its stated vision to leapfrog into an era of electric mobility and domestic vehicle manufacturing, led by public […]
India hopes making electric vehicles cheaper will get more people to buy them
India is pushing to become a global manufacturing hub for electric vehicles after the government offered financial incentives to spur demand and eased several regulatory restrictions. India currently sells fewer than 2,000 electric vehicles in a year, compared to 4 million vehicles present in the domestic market, according to Puneet Gupta from IHS Markit. Indian […]
FAME India Scheme
The National Electric Mobility Mission Plan (NEMMP) 2020 is a National Mission document providing the vision and the roadmap for the faster adoption of electric vehicles and their manufacturing in the country. As part of the NEMMP 2020, Department of Heavy Industry formulated a Scheme viz. Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles […]
This week in Auto: Arm-twisting by govt over electric vehicles; Jaguar chief’s salary slashed
Here’s a look at all the major developments of the week in the automotive sector Over the last three-four months, everybody has started to talk about electric vehicles (EV). Some parties such as the government and policy makers are in favour of it while other like automotive companies are busy searching for faults in the […]
Budget boost to electric vehicles will not fix auto sector’s problems
Sops in the budget will narrow the gap in ownership cost of EVs vis-à-vis petrol-, diesel-powered cars The nudge comes at a time when many vehicle makers are set to hit the market with electric vehicles Concessions in the Union Budget 2019 to push electric vehicles (EVs) to the fast lane were a bolt from […]
India’s Mahindra calls for urgent shift to electric vehicles
Cleaner technology needed to solve world’s worst air pollution and reduce oil dependence India needs radical measures to accelerate a shift to electric vehicles but the transition will cause significant economic pain, said Anand Mahindra, whose $20bn Mahindra Group is one of the country’s largest automobile manufacturers. Mr Mahindra, whose group established a footing in […]
Electric Vehicle Car Loan Benefit Of Rs. 1.5 Lakh In Budget 2019 – Explained In Detail
The central government has asked GST council for the reduction of tax rate on electric vehicles from 12 per cent to 5 per cent as well. In the Budget 2019 announced on Friday, Nirmala Sitharaman, the Finance Minister, confirmed a lucrative tax exemption for people purchasing electric cars on loan. The government will exempt Rs. […]