In Short : NITI Aayog has flagged concerns over India’s slower-than-expected electric vehicle (EV) adoption, citing gaps in infrastructure, financing, and consumer awareness. Despite policy incentives, EV penetration remains below targets. The think tank urges urgent reforms, including better charging infrastructure, localized manufacturing, and stronger state-level implementation to accelerate the transition toward sustainable and widespread […]
Montra Electric Partners with Green Drive Mobility to Boost EV Adoption – EQ
In Short : Montra Electric has teamed up with Green Drive Mobility to accelerate India’s electric vehicle transition. The partnership will deploy Montra’s commercial EVs for last-mile delivery while co-developing charging infrastructure. Targeting 10,000+ fleet vehicles initially, the collaboration combines Montra’s manufacturing with Green Drive’s IoT-enabled fleet solutions. Pilot projects launch in Chennai/Bangalore by late […]
Post-Budget Boost: Electric Two-Wheeler Sales Surge 24% as Commuters and Fleets Drive EV Adoption in India – EQ
In Short : Electric two-wheeler sales in India rose 24% post-budget , driven by government incentives and growing consumer interest. The boom is fueled by both daily commuters seeking cost-effective, eco-friendly options and fleet operators expanding EV adoption. Subsidies, reduced GST rates, and rising fuel costs are key factors. This growth highlights India’s accelerating shift […]
EV Adoption: 64% Consumers Likely to Choose Electric Vehicle – TCS Study – EQ
In Short : A recent study by Tata Consultancy Services (TCS) shows that 64% of consumers are likely to choose electric vehicles (EVs) for their next purchase. This growing inclination reflects increasing awareness of environmental issues, improved EV technology, and supportive policies. The study highlights a significant shift in consumer preferences, signaling a promising future […]
DFC aims to promote inclusive financing for EV adoption across India with its $5 million investment in Revfin – EQ Mag
Revfin plans to utilize the funds for new products and expansion to new geographies. New Delhi : Revfin Services Private Limited, a pioneer and leader in the Indian EV Financing space has secured $5 million from the United States International Development Finance Corporation (DFC). The investment is part of DFC’s Portfolio for Impact and Innovation […]
Increased EV adoption in Tier-2 and Tier-3 cities to drive clean energy revolution, say experts – EQ Mag
Official data shows that Indians have bought 2.78 lakh EVs since January 2023 at an average of more than 90,000 EVs per month. It’s World Earth Day and as the world takes more steps towards sustainable way of life, mobility too is seeing a significant evolution. Adoption of EVs in smaller cities can drive economic […]
Nissan COO Ashwani Gupta’s top 3 mantras to drive EV adoption in India – EQ Mag
Ashwani reiterated that what can further help bring down TCO for electric vehicles is breakthrough technologies with localisation. In a recent announcement, the Renault-Nissan alliance announced its intent to invest around Rs 5,300 crore in India and launch six new models – three for Renault and three for Nissan – which includes four new C-segment […]
California Voters Are Deciding Whether to Tax the Rich to Boost EV Adoption – EQ Mag Pro
SACRAMENTO, Calif. : Should California’s richest residents pay higher taxes to help put more electric vehicles on the road? That’s a question the state’s voters are weighing in the election that concludes Tuesday. Proposition 30 would place a new 1.75% tax on incomes above $2 million, which is estimated to be fewer than 43,000 taxpayers. […]
How will EV adoption affect auto component makers? – EQ Mag Pro
Transition to EVs is one big step towards turning to non-polluting machines. But how will this transition affect the auto component sector which depends on internal combustion engines? Let us find out In its quest to turn back the clock on environmental damage and build a greener tomorrow, the world is slowly but steadily turning […]
Kolte-Patil Developers and Tata Power partner to ease EV adoption, drive sustainability – EQ Mag Pro
EV charging infrastructure to be provided across Kolte-Patil projects in Pune, Mumbai and Bengaluru Tata Power, India’s largest EV charging solutions provider, has partnered with Kolte-Patil Developers (KPDL), a leading Pune-based real estate developer, with a growing presence in Mumbai and Bengaluru, to set up charging stations across its projects in the cities of Pune, […]