Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.
PM also highlighted that semiconductor manufacturing sector has attracted investments worth over ₹1.5 lakh crore, and renewable energy capacity increased by 400% in just a decade.
Extended-range electric vehicles feature an on-board generator—a small internal combustion engine that charges the battery. This setup can effectively provide an EREV with double or triple the range of a pure EV with a similarly sized battery.
The European Union has imposed additional tariffs of 17-38% on imported Chinese EVs, which will lead to import duty of up to almost 50%. This could have significant impacts on India.
Making a jump from internal combustion engines to electric vehicles is the kind of romantic prospect that would appeal to India, which jumped from a shortage of landline phones to an abundance of smartphones.
While industry watchers say the policy is a step in the right direction, some Indian vehicle manufacturers had previously opposed reduction in customs duty for luxury EVs.
Mercedes-Benz had said it would move toward becoming an 'electric-only' company by 2030 but has now put it off. The UK govt has withdrawn subsidies for EVs. And in India, the FAME-II subsidy is expected to lapse soon.
Company plans to bring 3 new electric two-wheelers in the next 1 year — one scooter each in mid-price and economy segments, and one electric two-wheeler in B2B last-mile delivery segment.
The repo rate cut should be interpreted as a pre-emptive measure to create a buffer, ensuring that the economy enters the forthcoming year with adequate liquidity.
Clean energy is “no longer the sideshow, it is the show”, BVR Subrahmanyam told the Odisha summit, warning India to lead the global shift or risk others’ tech dominance.
India is now the only country still operating the Jaguar, long retired by its original users, France in 2005 and the UK in 2007, and secondary operators like Oman, Nigeria and Ecuador.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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