The Indian electric vehicles market has much to rejoice this week. On the one hand, the first batch of the government’s EV tender is scheduled to be delivered in Delhi next week. On the other, French automobile manufacturer Renault is gearing up to launch Electric Kwid in China, followed by India.
Why is it important, you might be wondering. Well, the development marks an important moment for India as it would be the first time an electric vehicle manufactured domestically will be launched in a developed market like China. Coming to some of the developments that took place over the last seven days, Tata Power has launched two electric vehicle charging stations in Mumbai: one at a mall in Lower Panel and the other at Kurla’s Marketcity.
Government-appointed think tank NITI Aayog has started public consultation on the potential of zero-emission mobility technologies such as electric vehicles, hybrids and fuel cells, among others. In other news, the Union Cabinet has decided that the Aayog will be responsible for framing the policy on electric vehicles and will also act as the coordinator for the implementation of EV policies.
On the international front, South Korean automobile company Kia Motors has announced plans to launch 16 electric vehicles by 2025, including a fuel-cell electric vehicle (FCEV) model in 2020. The Renault–Nissan–Mitsubishi Alliance is reportedly set to launch a $1 Bn fund for auto tech startup working on electrification, connectivity, artificial intelligence and autonomous vehicles.
Given that so much has been happening in the country’s electric vehicle sector, we bring to you the eighth edition of the weekly EV roundups.
Govt. Must Explore A Variety Of Alternative Fuel Sources: NITI Aayog
India’s transportation architecture should be based on a combination of fuel sources, instead of focussing just on electric vehicles, government-run think tank NITI Aayog said recently. Doing that would give much-needed relief to the country’ automobile manufacturers, argued Aayog member V. K. Saraswat argued.