Government think-tank Niti Aayog has come out with a Model Concession Agreement (MCA) document for introducing electric-bus fleet in cities for public transportation on Public-Private Partnership (PPP) mode.
With Surging Oil Prices Weighing Down The Exchequer, India Plans To Have 15 Per Cent EVs On Road By 2023
India has scaled up its ambition to roll out electric vehicles (EVs) in the country with Union Transport Minister Nitin Gadkari aiming for a 15 per cent share in total traffic by 2023.
It would appear that the second phase of the FAME scheme is set for roll-out on September 7 2018. The Faster Adoption and Manufacturing of Hybrid and Electric vehicles or FAME were conceptualized in order to catalyse the transition
An inter-ministerial panel has finalised the roadmap for the second phase of FAME India scheme with an outlay of around Rs 5,500 crore spanning over five years and subsidy support for all types of electric vehicles, official sources said.
Rating and research agency ICRA has observed in a recent report that the shift from petrol and diesel-driven vehicles towards electric vehicles will pose a threat to oil refining and marketing companies, particularly the newer ones.
Transformation of rural ecosystems: Potential impact of renewable energy and electric vehicle convergence
With rapidly evolving technologies and business models, there is need to adopt new and fundamentally different pathways to provide clean, cost-effective, and efficient mobility services” said Arvind Panagariya the former Vice Chairman of NITI Aayog in a 2017 report titled India Leaps Ahead: Transformative mobility solutions for all.
Increasing pollution levels, enhanced governmental push, increasing awareness and technological advancement has put the focus back on electric cars. In fact, a report by ASSOCHAM and EY predicts that the Indian electric vehicle market will register a double-digit growth in sales volume by 2020
Shares of Tesla were rallying overnight, up more than 2 per cent, after a report said the electric-car maker was planning to build a factory in China that could produce 500,000 vehicles a year. That would double Tesla’s production and likley bring new opportunities for ASX-listed battery metals producers.
Swedish luxury-car manufacturer Volvo Cars is betting on plug-in hybrid and electric technology over the conventional internal combustion engine (ICE) in the Indian market.
Suzuki Motorcycle India, the local two-wheeler subsidiary of Japanese automaker Suzuki Motor Corp, is planning to bring in electric two-wheelers to the Indian market by 2020.