Bengaluru-based cab-aggregator Ola\u2019s policy research and social innovation think-tank Ola Mobility Institute has said that usage-based incentives on electric vehicles by the government will be essential to accelerate innovation, encourage the early adopters, enable new business models, and promote low-cost shared mobility services.\r\n\r\nIn its report titled, Beyond Nagpur: The Promise of Electric Mobility\u2019, the company stated that the government\u2019s emobility goals for 2030 can be achieved only when the incentive provision goes beyond the purchase cost of electric vehicles.\r\n\r\nAnalysing the insights from its pilot project at Nagpur, the company also suggested the use of renewable energy to power electric vehicle infrastructure.\r\n\r\nMeanwhile, China which is looking to dominate the electric vehicle space is now under scrutiny. After the quality and safety of its electric vehicles and batteries were questioned since February, another scandal has fueled up the argument. This week, China-based carmaker NIO revealed that one of its ES8 models had burst into fire in Xi\u2019an city during the repair. The company is still investigating the matter. Issues to this sort explain that the government\u2019s move to focus more on quantity over quality will not be sustainable.\r\nChart Of The Week\r\n\r\n\r\n\r\n\r\n\r\nEV News From India\r\nNITI Aayog Pushes Oil Ministry To Develop EV Charging Infra\r\nIn a bid to boost the electric vehicle charging issues in India, the government think tank NITI Aayog has directed Ministry of Petroleum and Natural Gas to set up electric vehicle charging stations at nearly 1K fuel stations across India. Currently, the lack of charging infrastructure is one of the major roadblocks for EV adoption in India. Some experts believe NITI Aayog\u2019s plans will be hard to comply with for EV startups as they will have to redesign charging stations and create new business models or network for them.\r\nSBI Reduces Loan Rates On EV Purchase\r\nAs an effort to push the demand for electric vehicles, the State Bank of India (SBI) has reduced the rates of loans on purchase of electric vehicles. According to reports, people taking SBI auto loans for the purchase of electric vehicles will get a discount of 20 basis points on the interest that they need to pay. Under this scheme, they will also get the benefit of a longer repayment period. The bank also said that this move was made to help the government achieve its 30% emobility by 2030.\r\nHyundai Motor India Looks To Source Locally Produced EV Parts\r\nSouth Korean automaker Hyundai\u2019s Indian subsidiary is exploring options for locally sourcing electric vehicle components. According to reports, Hyundai Motor India is also looking to source locally manufactured battery parts. The company plans to launch its first electric vehicle in the country this year. The vehicle will be assembled in its Chennai plant.\r\nRenault To Slow Down Its EV Plans In India Due To Market Uncertainty\r\nCiting uncertainties and lack of clarity over the government\u2019s assistance program, France-based Renault is reportedly planning to slow down its electric vehicles plan in India. While speaking to media, Venkatram Mamillapalle, managing director, Renault India said that regulation is coming in FAME II but the uncertainty lies in how will it be accepted by the customers.\r\nEV Startup Pick of the Week: Emflux Motors\r\nLaunched in 2016 by Varun Mittal, Ankit Khatry, and Vinay Raj Somashekar \u2014 Bengaluru-based Emflux Motors is the first Indian company to launch an electric superbike. In addition, Emflux also provides emobility solutions to other businesses such as electric vehicle batteries, battery management system and much more. Its first product Emflux One which is currently under development has a maximum speed of 200 Kmph. The superbike is set to go for sale next year.\r\n\r\nAccording to Khatry, the company plans to sell the superbike through online portals and experience centres next year. He also added that they aim to expand its distribution from Bengaluru, followed by other major cities in India.\r\n\r\n\r\nEV News From Around The World\r\nFord Invests $500 Mn In EV Startup Rivian\r\nUS-based EV startup Rivian has announced an equity investment of $500 Mn from Ford Motor Company. As a part of this investment, both companies will work together to develop a next-generation electric vehicle battery for Ford\u2019s EV portfolio, using Rivian\u2019s electric skateboard platform. Also, Joe Hinrichs, Ford\u2019s president of Automotive, will be joining Rivian\u2019s board of members. Post investment, Rivian will continue to work as an independent company.\r\nTesla To Launch Robotaxis Next Year\r\nElectric vehicle major Tesla is aiming to launch \u2018robotaxis\u2019 as part of its broader vision of bringing an autonomous ride-sharing network in 2020. Tesla CEO Elon Musk said that the company aims to have over a million robotaxis on road next year. While speaking at Tesla Autonomy Day, Musk also revealed that all new vehicles are now being produced with a custom full self-driving computer chip which meets the hardware requirements for self-driving.\r\nGoogle To Inform Users If Nearest EV Charger Is In Use\r\nGoogle Maps will now reportedly show that if the electric vehicle charging station near you is in use by others. This feature will help people know how long they will have to wait at that particular station. Currently, this feature will be made\u00a0available in US and UK for charging points from Chargemaster, EVgo, and SemaConnect. The search company also plans to include ChargePoint chargers. Google had introduced the feature of spotting EV charging stations in October.