Page 2 - Latest Updates on Electric Vehicle
FAME II subsidy for electric vehicles at only 52% of its target
Panel recommends extension of scheme
 "FAME II subsidy for electric vehicles at only 52% of its target")
EVs could be 30% of order book by 2025, says BMW India president
'Diesel, petrol and electric cars will coexist in premium segment'
 "EVs could be 30% of order book by 2025, says BMW India president")
Batteries, metals and a supercycle
Lithium prices have softened this year, but the market balance is impacted by multiple developments
 "Batteries, metals and a supercycle")
Delhi's Feb EV sales dip 13% month-on-month to 4,838 units, hit six-mth low
Down 40% since all-time high of 8,154 units in October 2022
 "Delhi's Feb EV sales dip 13% month-on-month to 4,838 units, hit six-mth low")
5,500 km highways to be turned into e-ways via public-private partnership
The National Highways for Electric Vehicles will have 111 stations across 23 cities in project under annuity hybrid e-mobility model
Tata Motors bags India's largest electric vehicle fleet order from Uber
To deliver 25,000 XPRES-T EVs in a phased manner
 "Tata Motors bags India's largest electric vehicle fleet order from Uber")
Unintended consequences
Subsidy on EVs must be revisited
Ola Electric unveils 5 electric motorcycles, launch planned next year
Ola said the success of the S1 Pro and S1 have cemented its market leadership
 "Ola Electric unveils 5 electric motorcycles, launch planned next year")
World Bank keen on Rs 2,500-cr green resilient programme for Himachal: CM
Most departments will switch over to EVs by next year in the first phase, says CM Sukhu
 "World Bank keen on Rs 2,500-cr green resilient programme for Himachal: CM")
Maharashtra tops list of states buying EVs through FAME scheme
In electric four wheelers, including cars, Delhi came top
BMW evaluates more battery electric vehicles for India amid growing demand
BMW, along with rival Mercedes, is looking to capitalize on this demand at a time when Tesla has decided to stay out because of high import taxes on EVs
 "BMW evaluates more battery electric vehicles for India amid growing demand")
EV market likely to cross 10-mn sales mark per annum by 2030: Eco Survey
The pre-Budget document also highlighted that the automobile sector is a key driver of India's economic growth
 "EV market likely to cross 10-mn sales mark per annum by 2030: Eco Survey")
Delhi govt to start e-scooter service soon, Dwarka to be first stop: CM
These scooters will be self-driven, and will last for 60 kilometres in one charge, he said while addressing a press conference
 "Delhi govt to start e-scooter service soon, Dwarka to be first stop: CM")
TaMo, ICICI Bank tie up to offer financing solutions to its EV dealers
The EV dealers can avail flexible repayment tenures through the partnership, the company said
 "TaMo, ICICI Bank tie up to offer financing solutions to its EV dealers")
Hero MotoCorp commences delivery of electric scooter VIDA V1 in Jaipur
VIDA currenty has experience centres in Bengaluru and Jaipur, and pop-up stores in Delhi-NCR, where customers can test ride VIDA V1
 "Hero MotoCorp commences delivery of electric scooter VIDA V1 in Jaipur")
Kerala committed to implementing e-mobility policy, says CM Vijayan
He said subsidies are being offered for purchase of e-autos and for retro-fitting old diesel autorickshaws with electric motors and battery
 "Kerala committed to implementing e-mobility policy, says CM Vijayan")
Maharashtra govt approves M&M proposal to set up Rs 10k-cr EV plant in Pune
The two sides signed an agreement to this effect at the World Economic Forum in Davos on Wednesday, M&M Ltd said in a statement
 "Maharashtra govt approves M&M proposal to set up Rs 10k-cr EV plant in Pune")
Triton EV to acquire AMW Motors' Bhuj manufacturing plant for Rs 210 crore
Triton EV will use the facility for producing EV busses, EV trucks, EV cars and Hydrogen busses as well
FedEx India deploys EVs to achieve goal of zero-emission last-mile delivery
Moreover, the company said that it has a goal of converting 50 per cent of its global pickup and delivery vehicle purchases to electric by 2025, with that increasing to 100 per cent by 2030
 "FedEx India deploys EVs to achieve goal of zero-emission last-mile delivery")
Tata Motors starts delivery of EV version of mini truck Ace at Rs 9.99 lakh
Tata Motors said the Ace EV is the first product featuring its 'EVOGEN' powertrain that offers a certified range of 154 kilometres on single charge
 "Tata Motors starts delivery of EV version of mini truck Ace at Rs 9.99 lakh")
