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Austria to support purchase of electric cars with 5,000 eur from July

By : Chetanya Mehra, Jun 30, 2020

Austria will boost financial incentives for buying battery-powered cars and bicycles, and triple grants for charging points from July in its...

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Subject Tags: electric vehicle (EV)

Caution EV startups, funding to hit speed bump ahead but investors hopeful of returning to normalcy

By : Sustainability ..., Jun 16, 2020

Even as the government has taken measures to support the targets projected for the incipient electric vehicle (EV) segment in the country, the startups in the EV space are likely to face challenges around fundraising, at least for the short term, according to experts. India...

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EV adoption: Limited range and charging infrastructure remain significant barriers, says Lux Research

By : Sustainability ..., Jun 15, 2020

Many consumers cite concerns over limited range and charging infrastructure as key reasons to not consider electric vehicles, according to US-based technology research and advisory firm Lux Research. There is a fear among consumers that an electric vehicle (EV) won’t have...

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Electric Vehicles boom will push Nickel Sulphate supply to peak in 2027: Wood Mac

By : Sustainability ..., Jun 8, 2020

With the demand from the electric vehicle (EV) sector continuing to accelerate, Nickel Sulphate production is expected to rise from 211 kilo-tonnes (Kt) in 2019 to its peak at 450 Kt in 2027, reaching approximately 800 Kt by 2035, according to research firm Wood Mackenzie....

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MG Motor to increase investment in EVs from 2022

By : Sustainability ..., Jun 3, 2020

MG Motors India Pvt Ltd, one of the new entrants in the domestic market, plans to increase its investment in the electric vehicle space in India from 2022. The company expects economy to return to normalcy in a couple of years and feels such zero emission vehicles will get a...

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Mahindra tweaks EV strategy, to focus on electric three-wheelers

By : Sustainability ..., Jun 1, 2020

Mahindra and Mahindra (M&M), the country’s leading electric vehicle manufacturer by volumes, has revised its strategy to focus aggressively on development and sales of electric three-wheelers instead of electric cars in the coming years, two people aware of the company’s...

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Indian Oil bets on hydrogen vehicle for self-reliant future mobility

By : Sustainability ..., May 22, 2020

Indian Oil is putting its might behind hydrogen fuel cell vehicles as its raw materials can be sourced locally, in line with the recent government call for self-reliance, and as an alternative to lithium-ion battery-powered vehicles that could raise country’s dependence on...

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India’s electric vehicle component market to grow 22% per year for a decade

By : Sustainability ..., May 15, 2020

India’s electric vehicle (EV) component market will grow 22.1% annually up to 2030, from a base of $536 million (Rs4,054 crore) last year, according to U.S. market research company P&S Intelligence. The fastest growth will be driven by demand caused by the roll-out of...

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Around 1,000 GWh of battery manufacturing capacity needed to meet global EV target by 2025

By : Sustainability ..., May 14, 2020

The world needs battery manufacturing capacity of 1,000 Gigawatt hour (GWh) per year by 2025 to meet the global target for electric vehicle (EV) transition, said International Energy Agency (IEA). "If the global auto industry’s announced targets for electric vehicle...

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Vehicle scrappage policy to help generate demand for new vehicles, say sources

By : Sustainability ..., May 11, 2020

The much-awaited vehicle scrappage policy would help in curbing air pollution, reducing fuel consumption and curtailing fatalities in road accidents, while generating demand for new vehicles in the country amid the coronavirus pandemic, industry sources said. The proposed...

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