Gujarat Chief Secretary JN Singh too said the state is going to take a lead in the e-mobility sector. The Dholera Special Investment Region (DSIR), which is coming up near Ahmedabad, can lead the country’s EV sector from the front, opined NITI Aayog’s CEO Amitabh Kant here on Saturday. He said the declining cost of […]
Govt asserts subsidy for EVs only for commercial vehicles, not personal usage
Under the Rs 10,000-crore FAME scheme, subsidy on EVs are given to three- and four-wheelers. The government Friday asserted that subsidies for promotion of electric mobility in India will be only for commercial vehicles, and automobiles for personal usage will not be included. Speaking at an event here, Minister of State for Heavy Industries and […]
Tata Group to set up Rs 4,000cr lithium-ion battery plant
Shivhare said that the ultimate manufacturing capacity would be 10 giga watts (GW). Ahmedabad: In a major push to electric mobility in Gujarat, Tata Group, has committed an investment of Rs 4,000 crore to set up a lithium-ion battery plant in Dholera Special Investment Region (DSIR) in Gujarat. According to a senior state government official, […]
India looks to lead electric vehicle race with latest push in budget
The finance minister announced tax rebates of up to ₹1.5 lakh on interest paid on loans to buy EVs India, though, like China or countries in the EU, has not set a target for automakers to convert a certain part of their total vehicle production to electric or other electrified offerings New Delhi: With a host […]
Fast charging facilities required to increase EV market share: Economic Survey 2019
“Currently, the market share of electric cars in India is only 0.06 per cent when compared to 2 per cent in China and 39 per cent in Norway,” the report said. New Delhi: According to a recent Economic Survey, access to fast charging services is required to increase the market share of electric vehicles. “Currently, […]
Petrol Bunks May Soon Include Electric Charging Points
The centre is seeking to boost electric vehicle infrastructure with electric charging points at petrol bunks There are currently 60K state-run petrol stations in the country This is the first step in a government plan to turn India into a global hub for manufacturing electric vehicles With a view to promoting the production and use […]
NITI Aayog Hints At Channeling More Investments Into Building EV Infrastructure
NITI Aayog’s Anil Srivastava said that NTPC is working on EV charging incentives He estimated that $40 Bn investment is needed on the EV batteries Industry body, FICCI has also asked for incentives on EV battery models The government think-tank NITI Aayog reportedly said that the Ministry of Heavy Industry will soon announce incentives related […]
Budget likely to charge up electric vehicle push with tax incentives
The govt is also examining extension of tax holiday for units operating or planning to set up operations in special economic zones With promotion of clean energy high on government agenda, the upcoming Budget is likely to incentivise manufacturing of electric vehicles (EVs) in the country. This is also expected to drive foreign direct investment […]
Despite push, India has a lot of ground to cover on shift to electric cars
Govt’s push is welcome, but industry-readiness is an important factor The transition could become a reality with Prime Minister Narendra Modi government’s massive and sustained push towards a complete switch to electric mobility Imagine a time when the dependence on fossil fuel to power one’s scooter or car will become non-existent with electricity taking its […]
Automakers run into collision with Centre’s electric vehicle plan
Companies such as Bajaj Auto and TVS Motor have objected to banning two- and three-wheelers and asked for at least four months to come up with a comprehensive plan Two- and three-wheeler manufacturers are stoutly resisting the government’s e-mobility plan. The government wants to ban internal combustion engine (ICE)-powered three- and two-wheelers (with an engine […]