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#Friday Special: Highlights of the Week - Delhi Chief Minister Atishi . recently inaugurated 25 new low-cost #EV charging stations in Mayur Vihar Phase-1, boosting the city's total charging points to over 2,400. This move is part of #Delhi's strategy to promote electric vehicles and reduce pollution, aiming for 25% EV adoption by 2025. - JSW Group, a major steel company in #India, is planning to enter the #electricvehicle market with its own brand. They aim to establish an EV production facility in Aurangabad, #Maharashtra, with an investment of Rs 27,200 crore ($3.2 billion). This move follows their earlier joint venture with Chinese automaker SAIC Motor to produce and sell Morris Garages India EVs in India. - British International Investment (BII), the #UK's development finance institution, has committed $33.5 million to India's EV sector. This includes $15 million in debt financing for Everest Fleet Pvt. Ltd., $15 million in equity investment for TI Clean Mobility, and $3.5 million in equity for Vecmocon Technologies. These investments aim to boost #EVadoption, create jobs, and support India's energy transition. - According to the FICCI-YES BANK report, Delhi leads India in electric vehicle adoption with an 11.5% penetration rate. #Kerala follows closely at 11.1%, and #Assam at 10%. The report emphasizes the need for states to renew their EV policies and mandates to meet national targets by 2030. - #EVsales in India dropped by 12% in November 2024, with 191,554 units sold compared to 219,021 in October. This decline follows a festival-driven surge in October, but sales are still up 31% year-on-year. - The Serious Fraud Investigation Office (SFIO) recently conducted searches at the offices of HERO ELECTRIC VEHICLES PVT LTD, BENLING INDIA , and Okinawa Autotech. These companies are accused of violating the FAME 2 scheme's localization norms by importing restricted parts from #China, fraudulently availing subsidies worth ₹297 crore. #Linkedin #News #Sustainability #Technology

#Friday Special: Highlights of the Week - Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) has launched its first electric two-wheelers, the Activa e and QC1. The Activa e features #swappablebatteries with a range of 102 km, while the QC1 has a fixed battery with an 80 km range. Both models are designed for urban commuting and come with various smart features. - The #Delhi government has extended its EV policy until March 31, 2025. This extension includes the revival of #subsidies and #roadtax exemptions for EV buyers, which had been paused since January 1, 2024. The move aims to combat air pollution and promote the adoption of #electricvehicles in the city. - AltMobility, a commercial #EV leasing and asset management firm, has raised $10 million in Series A funding led by Eurazeo. Other participants include Shell Ventures, Twynam Earth Fund, and Ev2 Ventures. The funds will help expand their fleet to 30,000 vehicles by March 2026 and enhance their digital asset management platform. -  Mahindra Group (M&M) is targeting lifestyle buyers with its new #EVs, rather than just eco-conscious consumers. The company introduced two "born electric" models based on its #INGLO vehicle architecture and plans to launch three to five more models in the coming years. M&M aims to convert buyers of petrol and diesel cars to electric ones by appealing to their desire for lifestyle choices. - Motul India and Zypp Electric have launched a nationwide training program for mechanics, focusing on electric two-wheeler repair and maintenance. The initiative aims to certify over 10,000 mechanics across #India, combining classroom instruction and hands-on training in EV electrical systems, diagnostics, and troubleshooting. This program is designed to support India's growing #EVecosystem and ensure mechanics are equipped with the necessary skills for the evolving automotive landscape. - Hyundai Motor Company (현대자동차) is launching an #EVcharging subscription service in #Indonesia this week. Subscribers can use 518 chargers at 288 charging stations operated by Hyundai and its partners. The service offers plans of 50 kWh, 100 kWh, and 250 kWh, and can be managed via Hyundai's smartphone app. - China's electric vehicle price war is set to intensify in 2025 as BYD pressures its suppliers to cut costs by 10%. This move is part of BYD's strategy to maintain competitiveness and market dominance. The ongoing price war has already driven smaller #automakers out of the market and led to increased collaborations between Chinese and #Western automakers. #Linkedin #News #Sustainability #Tech

#Chart of the day: Japanese carmakers face tough times As #China's competitive advancements in the global automotive market intensify, #Japanese automotive manufacturers are facing significant challenges. According to data from Bloomberg, all six major Japanese automakers are experiencing a decline in their market presence, with Toyota Motor Corporation also reporting stagnation in sales and production. Collectively, Japanese car manufacturers have been slow to transition to fully #electricvehicles, which may have serious implications as they risk falling further behind in an industry increasingly driven by innovative #battery technology and advanced software solutions. #Linkedin #EV #EVs #News #Bloomberg #automotive

#Chart of the Day: Electric Car Sales An interesting chart by Finshots, highlighting #EV sales over the past 12 years. #Linkedin #News #Sustainability #ElectricVehicles #EVs Zerodha

#Friday Special: Highlights of the Week - #TamilNadu is partnering with The World Bank to develop a roadmap for transitioning to #electricvehicles and creating jobs. The state aims to attract investments worth ₹50,000 crore and generate 1.5 lakh new jobs over the next five years. The initiative includes identifying six cities as EV hubs and focusing on green mobility and skilling needs. - The Ministry of Heavy Industries is set to release the final guidelines for disbursing Rs 2,000 crore in incentives under the PM E-DRIVE scheme within a month. These incentives aim to support the installation of public #EV charging stations and boost domestic production of electric cars. The guidelines will prioritize states with existing EV policies and financial challenges faced by electricity distribution companies (#DISCOMs). - #Telangana has announced a 100% exemption from road tax and registration fees for a wide range of electric vehicles, including two-wheelers, four-wheelers, taxis, autorickshaws, light goods carriers, tractors, and buses. This exemption is valid for two years, up to December 31, 2026, and includes vehicles operated by the Telangana State Road Transport Corporation and non-commercial buses owned by industries for employee transportation. - India Energy Storage Alliance (IESA) has stated that #India needs an investment of $20-30 billion to double the growth rate of its #EVcharging infrastructure. The current growth rate is around 25-30%, and this investment is expected to significantly boost the development of charging infrastructure and support the adoption of electric vehicles. - UltraTech Cement is scaling up its use of #EVs by deploying 100 EV trucks for transporting materials between its manufacturing units in #MadhyaPradesh and #Maharashtra. This initiative is part of their commitment to sustainable practices and aims to reduce transport emissions by 17,000 metric tonnes of CO2 annually. The company plans to increase its #EVfleet to 500 trucks by June 2025 under the Government of India's eFAST initiative. - Jaguar has unveiled a new brand logo and identity ahead of its debut of a new EV on December 2, 2024, at Miami Art Week. The rebranding includes a modernized logo and fresh visual language. This is part of #Jaguar's plan to become an EV-only brand by 2026. #Linkedin #News #Sustainability #Tech

Accelerating Electric Vehicle Integration in India As #Delhi's AQI reaches alarming levels yet again, there's never been a more critical time to discuss #sustainable transportation. The solution? #Electricvehicles are emerging as a powerful weapon in our fight against urban air pollution. The writing is on the wall: we need to accelerate our #EVadoption. The Indian Biogas Association's recent proposal for odd-even rules in Delhi NCR underscores this urgency. But here's the good news - across #India, both government and private sectors are stepping up to make this transition easier than ever. Take #Telangana's ground breaking initiative: They've just announced a 100% exemption on road tax and registration fees for #EVs until 2026. What does this mean for you? If you're buying an electric car, you could save up to ₹2 lakh. Even 2W buyers can save ₹12,000-24,000. This isn't just about personal vehicles - the policy covers everything from auto-rickshaws to commercial vehicles and public transport. But adoption isn't just about buying vehicles - it's about having the infrastructure to support them. #Bengaluru is leading the charge here. The city currently has 1,400 charging points and is ambitiously planning to scale up to 36,000 by 2030. They're not just adding chargers; they're thinking smart - promoting daytime charging to leverage #renewableenergy and reduce grid pressure. The momentum is building. With state governments offering unprecedented incentives and cities rapidly scaling up infrastructure, we're at a tipping point in India's #EVrevolution. The environmental benefits are clear, the economic advantages are compelling, and the technology is ready. The question isn't whether to switch to EVs anymore - it's when. #Linkedin #CleanTech ##CleanAir #GreenTransport #EVInfrastructure #ClimateAction

#Friday Special: Highlights of the Week - Flipkart has successfully deployed over 10,000 #EVs in its delivery fleet, significantly improving delivery speed and reducing costs. This milestone is part of their commitment to a fully electric fleet by 2030 and aligns with the Climate Group's EV100 initiative. They are also investing in charging infrastructure, partnering with the Adani Group to establish sites in tier-2 cities. - Energy tech startup chargeMOD has partnered with Hindustan Petroleum Corporation Limited (HPCL) to enhance #EV charging infrastructure in #India. As part of the collaboration, ChargeMOD's app will allow EV drivers to access HPCL's charging stations seamlessly using OCPI Protocol - Open Charge Point Interface technology. Additionally, ChargeMOD will deploy 100 #fastchargers at selected HPCL outlets, significantly reducing charging times. - Volkswagen, Hyundai Motor Company (현대자동차), and Toyota Motor Corporation are eagerly awaiting the final guidelines of India's new #electricvehicle policy. The policy, which aims to boost #EVadoption and manufacturing in India, allows companies to import high-end EVs at lower tariffs if they commit to significant investments in domestic manufacturing. The government is expected to announce the final guidelines in the next few months. - President-elect Donald Trump's transition team is planning to eliminate the $7,500 consumer tax credit for electric vehicle purchases. This move is part of broader tax-reform legislation and could significantly impact the #US EV market. Interestingly, representatives from Tesla, led by Elon Musk, support ending the subsidy, despite potential negative effects on Tesla's competitors. - Global sales of fully electric vehicles and plug-in hybrid vehicles rose by 35% in #October compared to the same month last year. This growth was led by a 54% jump in sales in #China, which reached a record high of 1.2 million vehicles. In #Europe, sales increased by a modest 0.8%, but it was still an improvement in annual terms for the second consecutive month. #Linkedin #News #EVnews #Sustainability

We are thrilled to share that our founder, Mr. Akshay Sasikumar is joining key policymakers at NITI Aayog's roundtable today to shape India's future in electric mobility! The focus: Developing a robust data policy framework for India's flourishing #EV industry. As we race toward sustainable transportation, #data will be the engine that drives innovation, efficiency, and smart infrastructure development. We are proud to be part of this crucial dialogue that will accelerate #India's #electricmobility revolution. Stay tuned for updates! #Linkedin #EVnews #Sustainability #FutureOfMobility #GreenTechnology #MakeInIndia #EVPolicy

From Challenge to Opportunity: Rethinking #EVCharging at Gas Stations Fascinating how India and the #USA are teaching us complementary lessons about the future of #EV charging! While #India has rapidly scaled up - with every 5th petrol pump now offering charging - they're facing a critical profitability challenge. Dealers make just ₹50/hour from charging compared to quick profits from traditional fuel sales. But here's where the #US research offers a game-changing perspective: Massachusetts Institute of Technology researchers discovered that businesses within 300 feet of EV chargers see a 3% boost in sales. This isn't just numbers - it's a blueprint for transformation! The Solution Playbook: - 𝐂𝐨𝐧𝐯𝐞𝐫𝐭 𝐰𝐚𝐢𝐭𝐢𝐧𝐠 𝐭𝐢𝐦𝐞 𝐢𝐧𝐭𝐨 𝐫𝐞𝐯𝐞𝐧𝐮𝐞: Those 45 minutes for fast charging? Perfect for shopping, dining, or grabbing a coffee - 𝐋𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐩𝐭𝐢𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: Indian highway stations with restaurants are already seeing higher utilization - exactly what US data predicts! - 𝐇𝐲𝐛𝐫𝐢𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐦𝐨𝐝𝐞𝐥: Instead of viewing charging as a standalone service, treat it as a customer magnet for higher-margin retail offerings The future isn't just about selling electrons - it's about creating mini retail hubs where charging is just the beginning of the customer journey. Indian Oil Corp Limited, Hindustan Petroleum Corporation Limited, and bp's massive charging network could be reimagined as lifestyle destinations. #Linkedin #news #EVInnovation #RetailTransformation #Sustainability #FutureOfMobility #CleanEnergy #ElectricVehicles

#Chart of the Day: Top Brands in Global EV Sales Out of the top 10 brands, 6 are #Chinese companies, followed by 3 #German companies. #EV #linkedin #EVs #electricvehicles #sales #global BYD Tesla BMW Group Li Auto Wuling Motors Indonesia Volkswagen AITO GEELY Mercedes-Benz AG GAC AION VIỆT NAM