Electric Vehicles

Tesla may enter the Indian market in 2019-20, Elon Musk said

UK-based electric bike company GoZero Mobility is planning to foray in India

Canada government announced $5K incentive for electric vehicles as a part of its budget

The government is looking to increase customs duty on the import of electric vehicle parts

Ola in talks with Hyundai for raising up to $300 Mn for its separate EV unit named Ola Electric Mobility

Delhi government has floated global tenders for about 375 electric buses

NITI Aayog CEO has been given a charge to lead the mission

The mission will develop a blueprint for Phased Manufacturing Programme

The PMP will localise the production of EVs its components within the country

The govt had earlier proposed an outlay of INR 5,500 for FAME-II

It plans on setting up 2,700 charging stations in the country

Govt will offer an upfront incentive on the purchase of EVs

To curb air pollution, Delhi govt. formulated a draft EV policy in 2018

Government to add 1,000 e-buses to public transport system

Interim union budget 2019 has made no specific plans for EV growth

The heavy industry department has readied a proposal to extend incentives under FAME II

INR10K per kWh of battery pack capacity would be given

Incentives will impact the affordability of electric two-wheelers.

Karnataka government proposed to set up electric charging stations during state budget

Tata Motors to deliver 40 electric buses in Lucknow over next four months

EESL to set up 84 fast electric vehicle charging stations in Delhi

The company is looking to provide India specific emobility solutions through this new unit

The company committed to invest about €120 Mn in India

It is looking to develop capabilities for mechatronics and software in the country to support its emobility needs

Interim Finance Minister Piyush Goyal did not clarify on EV policy

No new initiatives to boost emobility was announced during the budget

The minister only reiterated the government goals for the development of EV sector

The announcement comes two days before the union budget

About 10-15% of import duty will be levied on import of electric vehicles parts

This move is aimed at encouraging companies to assemble electric vehicles in India

Bengaluru-based VC firm Micelio has set aside $19.6 Mn for EV startups

Micelio has launched a dedicated incubation centre for emobility startups

This VC firm wants to help EV startups to mature and create great products

The FAME II scheme will be valid for the next five years

Under this, the government aims to install around 300 electric vehicle charging stations

Centre will also focus on deployment of electric buses