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EV INCENTIVES 2023
Delhi EV Policy 2.0 offers subsidies of up to Rs 50,000 on electric two- and three-wheelersA groundbreaking EV policy is set to roll out in Delhi, promising generous incentives of up to Rs 50,000 for electric two and three-wheeler...- Tata Motors to invest up to Rs 40,000 crore by FY31Tata Motors is set to invest up to Rs 40,000 crore over five years, aiming to nearly double its passenger vehicle capacity and introduce ne...
- China’s EV boom is cleaning the air, and may have prevented 262,000 deathsElectric vehicles are proving to be life savers. Studies show China's shift to electric cars has prevented thousands of premature deaths. A...
- Why India’s next real estate cycle could be driven by retail investors and REITs, Sandipan Roy explainsIn an interaction with Sandipan Roy, Chief Investment Officer (CIO), at Motilal Oswal Private Wealth, he explains why India’s next real est...
- Adani Power vs. Green vs. Energy: Why mutual funds are betting billions on this electrification trioIndian mutual funds are significantly increasing their stakes in Adani Power, Adani Green Energy, and Adani Energy Solutions. This strategi...
- Vietnam plans to extend tax incentives for EVs until 2030Vietnam plans to extend its special consumption tax cut on electric vehicles until the end of 2030, aiming to significantly boost EV sales ...
- No addition of petrol, diesel vehicles to delivery, ride aggregator fleets in Delhi: Draft EV policyDelhi EV polocy: The nationak capital is set to electrify its transport sector. New petrol and diesel vehicles will not join delivery and r...
- Ola Electric becomes first 2W EV manufacturer to bag PLI incentivesOla Electric becomes the first two-wheeler EV manufacturer in India to receive incentives under the PLI-Auto Scheme. The company was grante...
- Mahindra & Mahindra and Tata Motors claim Rs 246 crore as production linked incentive (PLI)Mahindra & Mahindra and Tata Motors have together claimed Rs 246 crore under the PLI scheme for incremental production. This scheme, which ...
- M&M, Tata Motors bag big PLI incentives; earn brownie points for their work in advanced auto techThe PLI scheme for the auto and auto components industry runs from 2023-24 to 2027-28, with payments scheduled between 2024-25 and 2028-29....
- India's passenger EV market will hot up in next 3-4 years; Tesla, Maruti may shake up Tata's dominanceThis EV surge in EV sales can be can be attributed to factors like, government incentive schemes like PLIs, infrastructure development like...
- India aims for 30 percent of all vehicle sales to be electric by 2030: Care Edge RatingsThe demand for vehicles powered by traditional fuels is shifting towards alternative fuels, with petrol vehicle sales declining from 86% in...
- Delhi Cabinet gives nod to extend electric vehicle policy till JuneThe initial Delhi Electric Vehicle Policy was notified on August 7, 2020 for a duration of three years, and was later extended until Decemb...
- Bad news for India? Indonesia and Thailand up their EV strategy to attract electric vehicle makersIndonesia and Thailand are offering tax incentives, lower import taxes, and value-added tax breaks to attract electric vehicle manufacturer...
- Despite cost edge, buyers prefer hybrids over EVsThe intent to buy hybrids over pure battery electric vehicles comes to the fore even as EVs benefit from state as well as central governmen...
- Budget Announcements for EVs: Can Interim Budget get the 'fame' for EVs roaring?FAME SCHEME In Budget: The Indian budget has a significant impact on the electric vehicle (EV) industry's growth trajectory. With the deman...
- Budget 2024 survey: What's stopping Indians from buying EVs?In the survey, 51.7 per cent of the respondents said that in order to expedite EV adoption in India the government must improve charging in...
- EV sales in India likely to grow at CAGR of 35%; annual volumes may cross 27 million by 2032, says reportThe driving force behind this is a confluence of factors, including the availability of the FAME-II subsidy, which has proven to be a catal...
- Delhi cabinet gives nod to extend Delhi's EV policy till December 31The Delhi cabinet has approved the extension of the Delhi Electric Vehicle Policy until December 31, 2023, or until the notification of Pol...
- Electric scooters may get costlier as FAME incentives taper off: CrisilThe brisk adoption of EVs is likely to continue now due to better cost economics, availability of multiple models, and feasibility of home-...
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