Budget 2024: From GST cut on parts to accessible financing options; here’s what EV industry expects
The automotive and electric vehicle industry anticipates certain measures that could not only propel localisation but would accelerate the country’s EV transition.
Hyundai to introduce high-volume EV models beginning 2025: COO Tarun Garg
All the models will be manufactured at the company’s Chennai plant, says Garg.
Govt mulls another PLI scheme for batteries to reduce storage price
"The price of storage will come down only if you add volumes," says union minister RK Singh.
Inoperational, vandalised & broken--India's raging EV charging infra crisis
While users enthusiastically want to drive electric vehicles, they are trapped with the dismal public electric charging infrastructure
EVs to be 20% of car sales in India by 2030: Kia India's Sohn
"We expect EVs to contribute around 20% of our sales in India by 2030," says Sohn
India's EV market to grow to 10 million units annually by 2030: Nitin Gadkari
There has been a 300% rise in EV sales in 2022 and the market is expected to reach $266 billion by 2030, says Gadkari
India may need 13 lakh EV charging stations by 2030: CII
India would need to install more than 4 lakh chargers annually with a total of 13.20 lakh chargers till 2030, says CII report
Aston Martin partners with Lucid to build electric cars
U.S.-based Lucid will supply Aston Martin with electric vehicle technologies
Hyundai to invest $85.41 bn on EV push; to roll out 2 mn units by 2030
Hyundai currently holds 8% market share in the electric vehicle segment globally. Through this strategy, the company plans to four-fold its EV market share to 34% by 2030.
EVs consumed 204.99 million units at charging stations in FY23
Data represents maiden trend of power consumption by EVs in India as it has been collected for the first time ever by Central Electricity Authority from distribution companies.