According to a recent report, India’s electric vehicle financing industry is projected to be worth Rs 3.7 lakh crore in 2030, which would be about 80 per cent of the current retail vehicle finance industry. New Delhi: The government is planning to set up an institution to fund businesses with a focus on electric vehicles […]
More Indians ready to buy electric vehicles: Survey
While 68% of the respondents believed switching to EVs will help reduce air pollution, 11% and 6% of respondents considered driving pleasure and lower maintenance cost, respectively, as the main reason for considering a shift to EVs. Indicating a shift towards electric vehicles in the wake of continuous fuel price hikes coupled with rising ownership […]
66 per cent customers ready to buy electric vehicles: Survey
An increasing number of Indian customers are willing to buy electric vehicles of late, the government has been making a determined push towards electric mobility. The Union Minister for Road Transport & Highways, Nitin Gadkari recently asked the EV manufacturing industry to shift towards indigenous battery technologies while assuring the industry that the government will […]
66% Customers Ready To Buy Electric Vehicles: Survey
The survey was conducted across India among potential 4W vehicle buyers. Almost 40% of the respondents own an SUV and 29% own a hatchback, followed by 25% owning sedans. An increasing number of Indian customers are willing to buy electric vehicles, according to a CarDekho OMG survey. CarDekho, the leading auto-tech firm, today released the […]
Unfit 20-year-old personal vehicle to be scrapped from June 2024
NEW DELHI: Announcing the vehicle scrapping policy, road transport minister Nitin Gadkari on Thursday said more than 20 year old personal vehicles will be de-registered from June 1, 2024, if they fail in an automated fitness test or their registration certificate is not renewed. Similarly, 15 year-plus commercial vehicles will be deregistered from April 1, […]
Govt aims to support through subsidies 62,000 e-cars, buses; 15L electric 3-, 2-wheelers: Gadkari
Phase-II of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme is being implemented with a total budgetary support of Rs 10,000 crore, Gadkari said. NEW DELHI: To boost electric mobility, the government aims to support through subsidies about 62,000 electric passenger cars and buses, besides 15 lakh electric three- […]
Government committed to promoting renewable energy, especially in MSME Sector: Gadkari
Union Minister for Road Transport and Highways and Micro, Small and Medium Enterprises, Shri Nitin Gadkari this evening addressed a webinar on “Atmanirbhar Bharat” – “Opportunities in Solar & MSME”. The webinar was organised by Indian People’s Forum in the United Arab Emirates. In his address, Shri Nitin Gadkari said “the Government is committed to […]
Delhi EV Policy to offer scrapping incentives: Nitin Gadkari
At the moment, the Delhi EV Policy offers scrapping incentives for auto and light commercial vehicles. Gadkari said private vehicles and two-wheelers will soon be added to the list. Nitin Gadkari, the Indian Minister of Road Transport and Highways, recently informed the parliament that the Delhi government has provisions to offer vehicle scrapping incentives under […]
Nitin Gadkari: Vehicle scrappage policy likely to be approved soon
There could be some good news coming Indian automotive industry’s way soon. The much-delayed Vehicle Scrappage Policy is likely to get the green signal from the government. This is according to the Union Minister for Road Transport & Highways, Nitin Gadkari, who was speaking at the recent ‘Atmanirbhar Bharat Innovation Challenge 2020-21’ event. The Prime […]
Our priority is to make lithium ion batteries in India, says Nitin Gadkari
Lithium cells are the building blocks of rechargeable batteries for EVs, laptops and mobile phones There is a need to reduce dependence on the import of lithium ion batteries, one of the key components in electric vehicles (EVs), road transport and highways minister Nitin Gadkari said on Thursday. “In e-mobility technology, the most imp thing […]
