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Electric Vehicle

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What is Electric Vehicle

An electric vehicle (EV) is one that operates on an electric motor, instead of an internal-combustion engine that generates power by burning a mix of fuel and gases. Therefore, such as vehicle is seen as a possible replacement for current-generation automobile, in order to address the issue of rising pollution, global warming, depleting natural resources, etc. Though the concept of electric vehicles has been around for a long time, it has drawn a considerable amount of interest in the past decade amid a rising carbon footprint and other environmental impacts of fuel-based vehicles.
 
In India, the first concrete decision to incentivise electric vehicles was taken in 2010. According to a Rs 95-crore scheme approved by the Ministry of New and Renewable Energy (MNRE), the government announced a financial incentive for manufacturers for electric vehicles sold in India. The scheme, effective from November 2010, envisaged incentives of up to 20 per cent on ex-factory prices of vehicles, subject to a maximum limit. However, the subsidy scheme was later withdrawn by the MNRE in March 2012.
 
In 2013, India unveiled the 'National Electric Mobility Mission Plan (NEMMP) 2020' to make a major shift to electric vehicles and to address the issues of national energy security, vehicular pollution and growth of domestic manufacturing capabilities. Though the scheme was to offer subsidies and create supporting infrastructure for e-vehicles, the plan mostly remained on papers. While presenting the Union Budget for 2015-16 in Parliament, then finance minister Arun Jaitley announced faster adoption and manufacturing of electric vehicles (FAME), with an initial outlay of Rs 75 crore. The scheme was announced with an aim to offer incentives for clean-fuel technology cars to boost their sales to up to 7 million vehicles by 2020.
 
In 2017, Transport Minister Nitin Gadkari made a statement showing India’s intent to move to 100 per cent electric cars by 2030. However, the automobile industry raised concerns over the execution of such a plan. The government subsequently diluted the plan from 100 per cent to 30 per cent.
 
In February 2019, the Union Cabinet cleared a Rs 10,000-crore programme under the FAME-II scheme. This scheme came into force from April 1, 2019. The main objective of the scheme is to encourage a faster adoption of electric and hybrid vehicles by offering upfront incentives on purchase of electric vehicles and also by establishing necessary charging infrastructure for EVs.

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Latest Updates on Electric Vehicle

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A discount of about 15% and 7.5% on the premium has been allowed for electric and hybrid electric vehicles, respectively

Updated On: 01 Aug 2023 | 5:32 PM IST

The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat hhh

Updated On: 04 Aug 2023 | 1:27 PM IST

The BMW i4 is expected to be available in two variants - the eDrive40 and the M50 xDrive

Updated On: 30 Nov 2022 | 11:17 PM IST

India wants e-scooters and e-bikes to make up 80 per cent of total two-wheeler sales by 2030, from about 2 per cent today

Updated On: 07 May 2022 | 1:18 AM IST

The mode of financing vehicles without a battery has not been spelt out

Updated On: 25 Apr 2022 | 6:10 AM IST

Ola Electric has announced that it will be raising prices of S1 Pro e-scooters in the next purchase window

Updated On: 18 Mar 2022 | 9:45 AM IST

The company said it organised special events in Bangalore and Chennai on Wednesday to deliver both S1 and S1 Pro trims to the first 100 customers

Updated On: 16 Dec 2021 | 12:31 AM IST

Electric scooter maker Ather Energy on Tuesday said it will offer its proprietary fast-charging connector to other EV two-wheeler manufacturers as well for faster adoption of these vehicles.

Updated On: 10 Aug 2021 | 10:42 AM IST

The company has claimed this to be the largest long-term debt financing agreement for the Indian EV industry

Updated On: 12 Jul 2021 | 11:52 AM IST

Arrival and Uber will also explore a strategic relationship in key markets, including the United Kingdom, European Union and United States

Updated On: 04 May 2021 | 8:22 AM IST

Society of Manufacturers of Electric Vehicle (SMEV) on Thursday said sales of EVs in India fell 20 per cent in the financial year 2020-21 to 2,36,802 units

Updated On: 22 Apr 2021 | 12:47 PM IST

South Korea said on Thursday it will ramp up efforts to promote a homegrown charging technology for EVs as an international standard, as the country plans to penetrate deeper into the growing sector

Updated On: 15 Apr 2021 | 10:08 AM IST

Siemens Limited and the Hinduja group's Switch Mobility Automotive Limited have signed a Memorandum of Understanding (MoU) to play in the electric commercial vehicles segment

Updated On: 09 Apr 2021 | 11:45 AM IST

The EV rebates, part of a $2.3 trillion infrastructure and jobs proposal, could be a big boost to U.S. automakers, especially General Motors and Tesla Inc

Updated On: 08 Apr 2021 | 8:06 AM IST

Chief Minister B S Yediyurappa said his government was keen on supporting new age firms in Karnataka and assured to provide all necessary assistance

Updated On: 06 Apr 2021 | 12:43 PM IST

Walmart-owned Flipkart, in partnership with Mahindra Logistics, will deploy over 25,000 EVs in the fleet by 2030, according to a regulatory filing

Updated On: 06 Apr 2021 | 11:37 AM IST

The vehicles derive electricity from a fuel cell powered by hydrogen, instead of drawing it from only a battery; if successful, the initiative could help India reduce its carbon footprint

Updated On: 14 Oct 2021 | 4:09 PM IST

If you are looking to reduce your carbon imprint and go green with your new car, here is a list of new upcoming electric cars in India that you may wish to buy

Updated On: 11 Jan 2021 | 1:08 PM IST

This number is more than the total number (1,071) of electric cars sold in India in calendar year 2019. MG has stopped registrations for the ZS and will cater to 2,409 of the total bookings

Updated On: 20 Jan 2020 | 9:42 PM IST

With this, the total number of charging stations planned to be installed across select cities has gone up to about 14,000

Updated On: 04 Jan 2020 | 10:53 AM IST