The program aims at supporting the development of innovative electric vehicle (EV) solutions like extending range through battery capacity improvements, and battery management, fast charging infrastructure, and mobile charging solutions for emergencies. Two startups shall be supported each year with up to INR 80 lakh each to complete proof of concept and develop prototypes.
Delinking the battery (which accounts for 30-40% of the total vehicle cost) will bring the upfront cost of the electric 2-wheelers (2W) and 3-wheelers (3W) to be lower than internal combustion engine counterparts. The battery could be provided separately by the original equipment manufacturer or the energy service provider.
The government is acquiring lithium mines abroad to ensure raw material availability for electric vehicle battery production. Among other technology alternatives for EVs, it is looking at developing indigenous hydrogen fuel cells with hydrogen derived from biomass.
Mobility in rural Kenya is currently flooded with unsustainable CO2-emitting motorcycles that pose a threat to the environment and public health. But the electric tricycle is an environmentally friendly alternative, and Solar E-cycles – a homegrown Kenyan startup – believes a leasing model could unlock a ton of three-wheeled potential.
Noida Authority has selected Energy Efficiency Services Limited to deploy public charging stations under the second phase of the FAME India Scheme. A total of 162 public EV charging stations comprising 108 122kW fast chargers and 54 Bharat DC001 (15kW) are to be installed in the city.
The company has bagged an order from state-run Chittaranjan Locomotive Works to supply transformers for goods and passenger locomotive engines.
The fossil fuel company will become a partner in the fund, which invests in clean energy projects.
The industry body has recommended a series of measures including a continuation of FAME II Scheme to 2025, short-term booster incentives for consumers and support for in-house R&D to boost the electric vehicle sector.
The industry needs to cut a dependence on electric vehicle battery imports from China, according to the road transport minister, who said the government is looking to support research into alternatives to lithium-ion technology.
The near-term outlook for electric vehicles (EVs) remains bleak owing to supply and demand headwinds coupled with the expectation of sluggish investment to scale up the support ecosystem.
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