Union Budget 2023-24: EV industry calls for GST cut for batteries, low-cost EV finance, and more
Players in the electric vehicle (EV) hope the government will bring down the goods and services tax (GST) on EV batteries to 5% and lower duties on raw materials required for cell manufacturing. They also call for easy, low-cost EV finance to drive customer adoption.
IESA launching India Electric Mobility Council
India Electric Mobility Council will work with the government and various stakeholders to address the barriers to EV adoption. Focus areas also include safety & standards, charging infrastructure development, battery swapping, and V2G mechanism for India.
Amazon India partners TVS Motor on EVs for last-mile deliveries
The e-commerce giant will add TVS Motor’s electric two- and three-wheelers to its existing delivery fleet.
Flipkart to deploy 400 electric cargo vehicles for Delhi NCR
E-commerce retailer Flipkart has partnered with electric fleet operator Magenta Mobility to add 400 electric cargo vehicles to its fleet in India’s national capital region.
India’s EV sales to annually surge 49% in 2021-30 period, says IESA
A new India Energy Storage Alliance (IESA) report projects electric vehicle sales to grow by as much as 49% per year to 17 million units by 2030, with electric two-wheelers accounting for almost 88% of total demand.
India may fall behind its 2030 EV sales forecast
A new report says India will have only 50 million electric vehicles (EVs) on road by 2030 despite a ramp-up in domestic manufacturing, falling behind by 40% on the cumulative sales projections by NITI Aayog. It also recommends policy measures to improve India’s chances of realizing 80 million EV sales by 2030.
Oil India completes beta demo for hydrogen-powered bus
Ohm Cleantech, a startup incubated by Oil India, has developed a 9-meter hydrogen fuel cell bus that can cover 450 km on a single refill. The bus will start appearing on roads in Assam’s Kaziranga Nation Park in the months ahead.
IREDA to lend INR 268 crore to BluSmart Mobility
The integrated EV ride-hailing and charging company will use the amount to purchase 3,000 all-electric cars.
Over ten lakh electric vehicles on Indian roads
India has 10,76,420 registered electric vehicles, with 1,742 public charging stations operational as of March 21, 2022.
Fire incidents highlight ‘burning’ issues in India’s EV ecosystem
Although we may have just about commenced our run in the electric vehicle (EV) race, it is critical that we jump-start the pace of adoption by enhancing the overall perception of EVs from a safety and longevity standpoint.
