TCO
Why India needs micro EVs ?
The 2nd car. The small car for the city. The wife's car. The college kid’s car. The urban machine - affordable, efficient, compact, cheerful. And that’s something the small EVs can be really good at. Yet, how many EV brands are launching cars that fit that description? And those that are closest to the brief e.g. the MG Comet EV, are not exactly inexpensive.
Mahindra to focus more on driving range, tech over price in future electric cars
Speaking to ET, R. Velusamy, president, automotive technology and product development at M&M said while TCO (total cost of ownership) approach to EV development or how much one saves after switching from petrol or diesel cars to EVs may work in the short term for “early adopters”, in the long term, it’s the range, technology and overall experience that will help in creating new market segments and to grow sales.
How Tata Motors is planning to up its EV game
Tata Motors announces Q4 results with increased EV sales, plans new models like Curvv EV, focuses on market development, collaborates for charging infrastructure, integrates solar power, and aims to exceed sales targets.
Early enthusiastic EV adopter phase probably over; focus on mkt development: Tata Motors Grp CFO PB Balaji
Tata Motors is focusing on market development to boost electric vehicle (EV) penetration in India and address concerns of new customers. The company missed its guidance of selling 1 lakh units of EVs in FY24 and is confident of crossing the milestone this fiscal. Tata Motors is committed to the expansion of EVs and plans to launch its Curvv EV this year. The company is addressing what is stopping EV adoption faster and clear the pathway for it to start accelerating again.
Juniper Green Energy commissions 105 MW Jalkot solar project, in Maharashtra
Juniper Green Energy has commissioned the 105-MW Jalkot Solar Power Project in Maharashtra, nearly nine months before its scheduled commercial operation date. The project, which will produce 200 million units annually, aims to reduce Maharashtra's carbon emissions by 1,78,569 tCO2 annually and provide power to 38,085 households.
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.
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.
Nxtra to procure 140,208 MWh renewable energy for data centres
Nxtra by Airtel has a massive network of data centres in India with a dozen large and 120 edge data centres across the country. It will invest over Rs 5,000 crore over the next few years to build six new hyperscale data centres across key metro cities in India and expand its capacity by 2x to over 400 MW.
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.
Xero EVs & VoltUp partner to deploy 15000 electric two-wheelers for last-mile deliveries
Under the partnership, the two companies will deploy electric vehicles for last-mile deliveries across 12 markets in the country. It is expected to lead to superior performance, reduced operational and kilometer cost, which improves the total cost of ownership (TCO).
E-buses to take 8% share in FY25 bus sales: Crisil
In the next fiscal year starting April 1, India expects the share of electric buses (e-buses) in new bus sales to rise to 8%, doubling from the previous year, reports Crisil Ratings. This surge results from the government's initiatives like the FAME scheme and the National Electric Bus Programme, aiming to make public transport eco-friendly.
Top 1% rich in developed countries emit more CO2 than the richest 10% in India, Brazil & other developing countries: CEEW
The study, released ahead of COP28 (Conference of Parties), says the affluent, especially in developed nations, have played a substantial role in increasing global carbon emissions. Rising CO2 emissions worldwide are responsible for increasing climate impacts, such as droughts, floods, cyclones, wildfires, and other extreme events.
'Electric vehicle sales in India likely to grow to over 1.6 cr units by 2030 at CAGR of 45.5%'
The EV-Ready India Dashboard, launched on Monday by R K Singh, Union Minister of Power, New and Renewable Energy, is an interactive tool that allows one to track, analyse, and display key performance indicators and metrics for growth of EVs in the country. A free to access platform, it is developed by the Ola Mobility Institute (OMI) Foundation, a policy research and social think tank.
Lithium battery demand to reach 250-500 GWh in India by FY33
Battery demand of 250GW could be achieved with incentives of INR 1.8 tn over FY24-28 and an initial capex of USD 30-33 bn, says the report on ‘EV Batteries: Battle to control EV supply chain’ by Axis Capital.
Aventose S110: This new electric scooter offers 200,000 km service life, multiple charging, and battery options
Aventose Energy has announced that its Aventose S110 electric scooter has received ARAI certification. The scooter boasts a service life of 200,000 km, which is double that of most electric two-wheelers on the market. Aventose plans to partner with financers and fleets to offer reliable, durable, safe, and affordable electric two-wheelers.
India has emerged leader in energy transition, and the voice of global south: R K Singh
The G20 leaders will prioritize accelerating the energy transition to combat climate change during their upcoming meeting, said India, said Minister of Power and New and Renewable Energy. India has achieved its target of 40% non-fossil power generation capacity by 2030, nine years ahead of schedule.
Electric vehicle sales to cross 2 million in FY24: Experts
EV fleet operators and individuals buying two- and three-wheelers have been the main drivers of this growth, with new launches and increased availability of charging points, along with low running costs, attracting buyers. Electric two- and three-wheelers accounted for maximum sales this fiscal at 690,000 units and 372,000 units, respectively.
EV 2-wheeler sales in India to reach 22 million by 2030: Report
As the electric vehicle (EV) adoption grows in India, the electric two-wheeler sales volume in the country is likely to reach 22 million by 2030, a report showed on Wednesday.
Electric two-wheeler sales to reach 22 million by 2030: Report
A predominantly two-wheeler market, India's overall EV penetration, including two-wheeler stood at around 3 per cent of the total automobile sales in 2022 calendar year.
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