EV MAINTENANCE COST
Retrofitting of inter-city diesel buses can generate over 50,000 jobs
Dr. Charan Singh and Davinder Sandhu emphasize the economic and environmental benefits of retrofitting. It offers a pragmatic solution for sustainable urban transport, driving economic revitalization and environmental improvements. Retrofitting leverages existing infrastructure while transitioning towards cleaner mobility, showcasing tangible progress in achieving sustainability goals.
Roadmap to EV 30@30: How can India achieve this ambitious target
India's climate change strategy includes the EV30@30 initiative, aiming for 30% of new vehicle sales to be electric by 2030. This transition enhances air quality, reduces oil dependence, and fosters economic growth. While challenges like limited commercial EV options and charging infrastructure persist, government incentives and rising private investments are accelerating EV adoption.
Capture the theme at the right time: Is investment in EV a good long-term bet?
The rise in EVs can be attributed to two main factors, first, a substantial global push by governments to achieve net zero emissions through various policy measures; and second, a nearly 90% decrease in battery costs over the past ten years, which has made EVs more affordable and, as a result, brought them closer to cost parity with internal combustion engines (ICE)
How to maximise your electric vehicle's battery lifespan: Tips and tricks
Maximizing the lifespan of EV batteries is crucial for cost-effectiveness and environmental sustainability. Essential tips include avoiding deep discharges, regular use, and proper charging practices.
What are EV startups doing to ride out weak demand?
Fisker filed for bankruptcy protection due to fundraising difficulties and weak demand for its Ocean electric SUV. Rivian, Lucid Group, and Nikola are making strategic moves to reduce costs, boost demand, and introduce new vehicle options in the competitive electric vehicle market.
Solar power and EV policy on priority list of Delhi govt once MCC is lifted
With the conclusion of the country's largest electoral activity and the impending lifting of the Model Code of Conduct, various pending government initiatives and projects in Delhi are poised to gain momentum, as per ToI reports. Among the numerous initiatives of the Delhi government, the mohalla bus service scheme and the second edition of policies regarding electric vehicles and solar power await approval.
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SUN Mobility joins hands with IndianOil for setting up battery swapping infrastructure
SUN Mobility announced a joint venture with IndianOil to set up 10,000 battery swapping stations by 2030, enabling electric mobility with 'Battery as a Service' for two, three, and small four-wheelers.
How China's EV makers aim to beat Tesla, legacy automakers in Europe
Chinese EV titans BYD, Chery and Great Wall Motor (GWM) are preparing a fusillade of product launches - about 20 over the next five years - and spending heavily on sales and marketing in their most important export market.
Talent demand in EV segment drives in new roles and contract hiring
The electric vehicle (EV) industry is booming, creating a demand for diverse skills and expertise. Opportunities span technical, leadership, and operational roles. Contract staffing is playing a crucial role in meeting the industry's needs, with a focus on talent development and agile solutions. Leaders face challenges in talent acquisition and navigating industry dynamics amidst rapid advancements.
The rising role of software in electric vehicles
Altigreen enhances 3Ws with software for battery management, motor control, diagnostics, telematics, user interface, and energy-saving algorithms. Data monetization and government support may offset costs.
Shipping is a dirty business. Cleaning it up is lucrative
HD Hyundai Marine's successful IPO attracted investors' attention by doubling stock value. It aims to provide eco-friendly solutions and expand globally in the maritime industry.
Tata Motors launches Tata Ace EV 1000 mini truck
Tata Motors launched the Ace EV 1000 mini-truck for last-mile mobility with a 1-tonne payload and 161km range. It features advanced technology like the EVOGEN powertrain, robust aggregates, and a 7-year battery warranty.
Prices can't dampen EV sales as it steps on leasing pedal
Leasing is becoming a key driver in electric vehicle (EV) sales in India, especially as the high upfront cost remains a barrier to adoption. Companies like Quiklyz, Ayvens, and Lithium Urban Technologies are witnessing significant growth in the EV leasing business. Fleet operators and logistics companies find leasing more economical than purchasing due to lower total cost of ownership and the ability to channel capital to other parts of their business. Leasing also offers flexibility and technology risk mitigation in the rapidly evolving EV industry.
UPS, FedEx transition to electric vans slowed by battery shortages, low supply
UPS has tested and purchased EVs for decades and is a bellwether for demand. It has more than 150,000 delivery vehicles around the globe and is among the top buyers of step vans.
Repair or replace? Insurers in this country sending electric cars to junk yards due to mechanic shortage
Electric car sales in the UK face challenges due to a shortage of trained technicians for complex EV repairs. The scarcity of repair technicians poses a threat to exacerbate this situation, particularly in the UK, where consumer adoption has remained stagnant for nearly two years. The lack of mechanics trained to handle advanced EV repairs is contributing to the escalation of repair costs.
The original green drivers: The early adopters of electric cars in India are still passionate about EVs and sustainability
Early EV adopters like Saumya Prasad and Sanjay Gupta show dedication to sustainability. Their experiences with old electric cars demonstrate the longevity and value of EV ownership, contributing to the mainstreaming of electric vehicles in India. Industry watchers say electric vehicles are beginning to make economic sense. Now there is price parity between electric and ICE vehicles which will fuel the purchase of electric PVs and increase their penetration, which is now a mere 2%.
How fleet owners can overcome the dual challenge of EV financing and high cost of ownership
For commercial operators considering the switch to EVs, the total cost of ownership (TCO) is a crucial consideration. While EVs promise lower operational costs over their lifecycle, primarily due to savings on fuel and maintenance, the initial purchase price remains prohibitively high. The high cost is largely attributed to the expensive battery technology that powers these vehicles.
Indians’ electric love to power EV sales to a record
The sales surge would be propelled by falling battery prices and resultant product price cuts by some automakers, robust government support for eco-friendly vehicles, higher prices of fossil fuels and growing environmental awareness among consumers. Launch of new models by automakers is also helping attract new buyers into this segment.
India aims for 30 percent of all vehicle sales to be electric by 2030: Care Edge Ratings
The demand for vehicles powered by traditional fuels is shifting towards alternative fuels, with petrol vehicle sales declining from 86% in 2020 to 76% in 2023. Alternative fuel-driven vehicles saw a 400% growth in CY 2023 compared to CY 2020. EVs offer the lowest lifetime cost, followed by CNG. India aims for 30% of vehicle sales to be electric by 2030.
Amid booming EV sales in India, a nagging issue: Who will service your car?
For now, the pressure on service centres is not much as the share of EVs on the road is low. As per Jato Dynamics data, in CY 2023, the share of electric four-wheelers was 1.7% and two-wheelers 5.03%. Meanwhile, over 50% of three-wheelers were electric.
EVs are more economical in India, but they are facing big hurdles
Electric vehicles in India offer lower lifetime costs. Small passenger EVs are cost-effective. Electric buses have economic advantage. High-speed segment of electric three-wheelers require support. Heavy trucking sector's shift towards EVs is viable post-2030. EV adoption faces barriers like resale value, charging infrastructure, financing, consumer hesitations, and accessible financing.
India is installing solar powered EV charging stations. Will it work?
Solar EV charging stations are gradually making their way into the country. But can it be a long-term viable solution for wider EV penetration?
What are EV startups doing to ride out weak demand?
US electric vehicle startups are turning to cheaper models, slamming the brakes on their production ramp-up plans and laying off employees to navigate a slump in demand due to steep borrowing costs and high repair expenses for the vehicles.
How Greaves aims to capture a bigger share of the electric two-wheeler market
Greaves plans to launch affordable two-wheelers with advanced features and connected technology to address range anxiety. Predictive maintenance and alerts for aggressive driving patterns ensure reliability and inform user decisions.
As demand for fast deliveries surges, companies struggle with the EV transition
Global e-commerce is expected to grow at more than twice the rate as offline purchases, and, by decade’s end, 25,000 packages will be shipped every second, according to an analysis by environmental group Stand.earth.
Budget 2024: What the government can do to charge up India's EV sector
India's EV segment achieved a historic milestone in 2023, crossing 1.5-million-unit sales with 50% YoY growth. However, EV penetration remains low due to range anxiety, high prices, and inadequate charging infrastructure. Dr Waman Parkhi, Partner and Head of Automotive Sector (Tax), KPMG in India, explains what India needs to boost the electric vehicle sector.
Tata Motors' boss on how long govt should offer incentives on EVs
Tata Passenger Electric Mobility Ltd (TPEM) launched its first pure EV, the Punch.ev, based on the advanced Pure EV architecture. With the addition of Punch.ev, Tata Motors expects its EV sales to exceed 1 lakh units. Tata Motors aims to create new segments and offer choices to customers with different body styles and price points, such as the Nexon EV, Tiago, and Punch EV. The company targets volumes beyond 1 lakh next year. The diverse profiles of EV customers include early adopters, pragmatic customers, homemakers, school students, doctors, and smart businessmen.
Electric vehicles are cheaper than ever. That’s bad for EV owners
Tesla cuts Model 3 prices in China, making them more affordable; Hertz sells part of its EV fleet and buys gasoline-powered vehicles instead; falling EV costs benefit consumers but hurt fleet owners; Hertz's decision to buy 100,000 Model 3s looks foolish; depreciation risk for rental companies; EV price parity with gasoline cars causes depreciation headache; consumer demand for EVs may saturate as production ramps up; ideal time to buy for rental companies and individual car owners.
Planning to buy an electric car? Here's how much you may have to pay to replace its battery
The biggest cost attached with EVs is the cost of their batteries and you may end up paying a fortune to replace your electric car's battery. Here's a list of popular electric cars in India and the cost to replace their batteries.
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