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Karnataka Unleashes Ambitious Revised Draft EV Policy, Targets Rs 50,000 Crore Investment In Next 5 Years The Karnataka state government unveiled a modified draft Electric Vehicle policy (2023-28) with the aim of attracting an investment of Rs 50,000 crore and generating job opportunities for one lakh individuals in the coming five years. Minister M B Patil expressed the intent of the proposed policy to position Karnataka as a trailblazer in electric mobility, emphasizing sustainability, equitable growth, innovation, and the development of a robust EV ecosystem statewide. During discussions with EV industry representatives, Patil revealed plans for a joint meeting of ministers to finalize the E-mobility policy and responded to industry recommendations by announcing the development of […] - https://lnkd.in/dVqK_SbB #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #electricvehicles #ev #evpolicy #india #karnataka

Maharashtra's EV Revolution: A Leap Towards Sustainable Mobility Introduction to Maharashtra's EV Policy In 2021, Maharashtra embarked on an ambitious journey to revolutionise its transportation sector through the introduction of the Maharashtra Electric Vehicle (EV) Policy. Aimed at promoting the adoption of electric vehicles, the policy set forth bold targets to ensure a cleaner, greener future. As we stand in February 2024, the results are in, and they're overwhelmingly positive. Achievements and Impact ·   Surge in EV Registrations: The state has seen EV registrations soar, now accounting for 12% of all new vehicle registrations, surpassing the initial target. This surge is a direct result of the attractive incentives offered by the government, alongside growing consumer awareness. ·   Public Transport Electrification: Over 30% of Maharashtra's public buses are now electric, exceeding policy goals and enhancing the quality of public transport while reducing carbon emissions. ·   Expansion of Charging Infrastructure: With over 2,000 charging stations across the state, accessibility to charging has significantly improved, addressing one of the major barriers to EV adoption. Economic Growth and Opportunities The policy has not only led to environmental benefits but also spurred economic growth by attracting investments in the EV sector, creating jobs, and fostering technological advancements. The market has responded with the launch of new EV models, providing consumers with a broader range of options. Challenges and Future Directions Despite the successes, challenges such as scaling the charging infrastructure and ensuring grid sustainability remain. The state's proactive approach, in collaboration with private stakeholders, aims to address these challenges head-on. Closing Note Maharashtra's EV Policy serves as a shining example of how policy interventions can significantly impact the transition towards sustainable mobility. The state's achievements as of February 2024 not only highlight its commitment to environmental sustainability but also position Maharashtra as a leader in India's EV revolution. The journey towards a greener future is ongoing, and with continued innovation and collaboration, Maharashtra is well on its way to achieving its vision of sustainable mobility for all. #SustainableMobility #EVRevolution #MaharashtraEVPolicy #GreenTransport #Innovation

🚗⚡ Exploring the Indian Electric Vehicle Market: Trends and Growth Potential 🇮🇳🔋 🌟 Market Overview The Indian Electric Vehicle (EV) Market is experiencing rapid growth driven by environmental concerns, government incentives, and advancements in battery technology. As India shifts towards sustainable mobility solutions, EVs are emerging as a promising alternative to traditional vehicles. 🌱🚙 Unlock Insights: Request a Free Sample of Our Report Now @ https://lnkd.in/dE8my5nE 📊 Market Trends Key trends in the Indian EV Market include the introduction of affordable electric two-wheelers, the expansion of charging infrastructure networks, and collaborations between automakers and technology firms to develop indigenous EV solutions. These trends are shaping the future of mobility in India. 🔌🌍 🌍 Government Initiatives Government initiatives such as Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme and subsidies for EV manufacturing are accelerating market adoption. Policies promoting electric mobility aim to reduce pollution and enhance energy security in urban centers. 🏞️💡 Need More Information? Get additional details here @ https://lnkd.in/dYHQs29W 🔋 Technological Advancements Advancements in battery technology, including improvements in energy density and charging efficiency, are addressing range anxiety and enhancing the performance of electric vehicles. These innovations are crucial for boosting consumer confidence and market acceptance. 📈🔋 🚀 Industry Collaboration Collaborations between automakers, battery manufacturers, and renewable energy providers are fostering innovation and expanding the EV ecosystem in India. Partnerships to develop sustainable supply chains and localized manufacturing capabilities are key to driving market growth. 🤝🔧 Leading Indian Electric Vehicle Manufacturer Electrotherm (India) Limited Hyundai Motor India Ltd. JBM Group Mahindra and Mahindra Limited [Automotive and Farm Equipment Business] Olectra Greentech Limited 📈 Market Potential The Indian EV Market offers significant growth potential, particularly in urban areas with high pollution levels and increasing consumer awareness about sustainable transportation options. Opportunities abound for investments in EV infrastructure, technology development, and market expansion strategies. 🌟🚗 #IndianEVMarket #ElectricVehicles #SustainableMobility #FAMEIndia #GreenTechnology #CleanEnergy #MarketTrends

We are honored to assist the Gandhinagar Municipal Corporation (GMC) in shaping the city's Electric Vehicle (EV) Policy 2023. This is particularly significant, as it makes Gandhinagar the first Indian state capital to have an EV Policy. Looking ahead, our support to GMC will focus on: 1. Developing the EV transition roadmap 2. Planning the charging infrastructure network 3. Evaluating the feasibility of electric bus deployment under the PM E-Bus Sewa scheme   Explore the key highlights of this policy #jointheEVolution #EVMatters #EMAPS Pawan Mulukutla Dr. Vijay Anadkat Chaitanya Kanuri Kaustubh Chuke Riddhi Patel Himani Rangoonwala Shakti Sustainable Energy Foundation Government of India Government of Gujarat Department of Science & Technology, Government of Gujarat Industries and Mines Department, Government of Gujarat Climate Change Department, Government of Gujarat Gandhinagar Municipal Corporation Mukesh Kumar Perez Christian The Sandesh Limited EMobilityPlus EVreporter.com Torrent Power

At the recent Vibrant Gujarat Summit, Ministry of Road Transport & Highways - India Nitin Gadkari urged the automotive industry to invest, projecting a 50% annual growth rate in EV sales by 2030. This ambitious goal aims for 1 crore annual sales and 5 crore employment opportunities. Nitin Gadkari also anticipated a reduction in lithium-ion battery costs, further propelling industry growth. According to the latest research, the electric two-wheeler market is expected to grow at a CAGR of 40.34% during FY2024-FY2031 and was valued at USD 1.16 billion in FY2023 which is forecasted to be USD 12.44 billion in FY 2031 ✴ Two key players driving this growth are Ola Electric and Ather Energy Bhavish Aggarwal successful ventures, like Ola , and his experience in running a company have helped Ola Electric rise to be a top market share holder since its inception in 2017 along with having investors' confidence in his capabilities Over the past two financial years, Ola Electric has maintained its top position in market share and its growth doesn't seem to stop. On the other hand, Ather Energy, founded by Tarun Mehta and Swapnil Jain in 2013, started as a way to disrupt and challenge the well-established Internal Combustion Engine (ICE) and replace it with an electric drive, but later they shifted to building electric vehicles. Although having a first-mover advantage the market share of Ather Energy has become stagnant at 11% for part 22 years. With the increased adoption of electric two-wheelers in both residential and commercial sectors, along with government subsidies, the goals set forth seem achievable. This transition to electric vehicles is critical for India to help reduce the negative environmental effects of a rising number of automobiles on the road. Electric two-wheelers, which are lightweight, versatile, robust, inexpensive, and fuel-efficient, are becoming a popular and ecologically responsible alternative to traditional transportation methods. Let's embrace this electric revolution and drive towards a greener future! 🌱🔋🚲 #ElectricVehicles #EV #ElectricTwoWheelers #OlaElectric #AtherEnergy #GreenEnergy #SustainableFuture #AutomotiveIndustry #India #NitinGadkari #GujaratVibrantSummit

Week In India: VinFast Marks Historic Milestone With Groundbreaking Of $500 Million EV Manufacturing Plant In Tamil Nadu, India; Servotech Power Systems Secures Contract For 1500 DC Fast EV Chargers From HPCL And Other OEMs; And More VinFast Marks Historic Milestone with Groundbreaking of $500 Million EV Manufacturing Plant in Tamil Nadu, India VinFast, Vietnam’s prominent electric vehicle manufacturer, has inaugurated its inaugural integrated electric vehicle (EV) manufacturing plant in Tamil Nadu, India. This significant initiative, set to generate job opportunities for approximately 3,500 local workers, underscores VinFast’s commitment to global sustainability and its robust presence in the green transportation sector. The groundbreaking ceremony was graced by esteemed dignitaries including Thiru M. K. Stalin, Honorable Chief Minister of Tamil Nadu, and Thiru Dr. T. R. B. Rajaa, Honorable Minister for Industries, Government of Tamil Nadu, among others. […] - https://lnkd.in/d7wPEF26 #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #electricvehicles #ev #evchargingstation #hpcl #india #servotechpowersystems #tamilnadu #vinfast

Government of Gujarat and Erisha E Mobility Private Limited inked the Memorandum of Understanding (MOU) for the Establishment of Electric Vehicle (EV) Park and 100 Charging Hubs in the state of Gujarat with investment of INR 1900 crores and employment generation of 5000 persons. In a significant stride towards sustainable and eco-friendly transportation, the Gujarat Government has entered into a Memorandum of Understanding (MOU) with Erisha E Mobility Private Limited, a pioneering player in the electric mobility sector. The MOU, signed on 3 January 2024, outlines a collaborative effort to establish an Electric Vehicle (EV) Park and deploy 100 state-of-the-art EV charging hubs across Gujarat. The Memorandum of Understanding (MOU) was formalized in the presence of Hon’ble Chief Minister, Shri Bhupendrabhai Patel ji, Government of Gujarat and Dr. Darshan Rana, Chairman and Managing Director, Erisha E Mobility Private Limited. The Electric Vehicle (EV) Park proposed in 320 acres with the investment of INR 1500 crores, a first-of-its-kind initiative in the region, is poised to become a hub for innovation, research, and development in the field of electric mobility. It will provide a platform for Electric Vehicles manufacturing, ancillary units set up, technology providers, and researchers to collaborate, fostering the growth of the electric vehicle ecosystem in Gujarat. The company is also committed to generate the employment of 5000 persons (Direct+Indirect). Additionally, the project aims to establish a robust charging infrastructure with the installation of 100 Electric Vehicle charging hubs with the proposed investment of INR 400 crores, strategically located across the state. This network will ensure convenient access to charging facilities, facilitating the adoption of electric vehicles and reducing the carbon footprint of transportation in Gujarat. The total investment of INR 1900 crores will be over a period of 10 years’ time. Dr. Darshan Rana, Chairman and Managing Director, Erisha E Mobility Private Limited commented, "We are excited to partner with the Gujarat Government in their mission to accelerate the adoption of electric vehicles. Our expertise in electric mobility solutions, combined with the government's commitment to sustainability, will undoubtedly create a positive impact on the environment and drive economic growth”. #vibrant #gujarat #erisha #emobility #india #investment

🔌 The FAME II EV subsidies just received a massive boost of ₹1500 crore, making electric vehicles more affordable and accessible than ever before! 🔌  FAME-II (Faster Adoption and Manufacturing of Electric Vehicles in India) subsidies for green vehicles received a substantial boost, with the Ministry of Heavy Industries increasing the program's outlay by Rs 1,500 crore. This brings the total program funding to Rs 11,500 crore, with the aim to promote clean mobility in the country. The enhanced FAME-II subsidies apply to electric vehicles sold until March 31, 2024, or until the funds are exhausted, on a "fund and term limited" basis. The revised outlay comprises Rs 7,048 crore for vehicle subsidies, Rs 4,048 crore for capital asset creation grants, and Rs 400 crore for other initiatives. Total sales of electric vehicles in India reached 1.53 million units in 2023, showcasing a remarkable growth trajectory, compared to 1.02 million units in 2022. This indicates a substantial increase in EV adoption as a sustainable transportation option in the country. ✅ Don't miss out on this incredible opportunity to go green and save big! Take advantage of the enhanced subsidies and make the switch to electric today! 🌱💡 Follow:Humans Of EV Read more:https://lnkd.in/ddSdhyyv #ElectricVehicles #Sustainability #GreenIndia #Environment #CleanAir #FAMEII #GovernmentSubsidies #GoGreen #SaveThePlanet #humansofev #evfuture #ev #electriccar #electric #electricvehicles #electricscooter #electriccars #electricbike #ebike #zeroemissions #emobility #electricmobility #gogreen #carsofinstagram #model #ecofriendly #goelectric #evnews

𝐈𝐧𝐝𝐢𝐚'𝐬 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧: 𝐆𝐞𝐚𝐫𝐢𝐧𝐠 𝐔𝐩 𝐟𝐨𝐫 𝐚 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 India's journey towards electric mobility is gaining momentum, positioning the country at the forefront of the global shift towards cleaner transportation. With ambitious targets and strategic initiatives, the Indian EV market is set to redefine the automotive landscape. 𝐓𝐡𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐚𝐣𝐞𝐜𝐭𝐨𝐫𝐲 Electric vehicles are projected to account for a significant portion of India's automotive market by 2030. The push towards EV adoption is seen as a key strategy in reducing carbon emissions and mitigating environmental impact. 𝐃𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞 𝐨𝐟 𝐓𝐰𝐨-𝐖𝐡𝐞𝐞𝐥𝐞𝐫𝐬 𝐚𝐧𝐝 𝐓𝐡𝐫𝐞𝐞-𝐖𝐡𝐞𝐞𝐥𝐞𝐫𝐬 A distinct feature of India's EV landscape is the dominance of electric two-wheelers (E2Ws) and three-wheelers (E3Ws). These vehicles are expected to lead the charge in EV adoption, owing to their affordability and efficiency. 𝐎𝐯𝐞𝐫𝐜𝐨𝐦𝐢𝐧𝐠 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐂𝐡𝐚𝐫𝐠𝐢𝐧𝐠 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 Developing a robust charging infrastructure is crucial for the widespread adoption of EVs. Efforts are underway to expand the network of charging stations, particularly in urban areas. 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 Advancements in battery technology are essential for enhancing the range and efficiency of EVs. The government's support for battery manufacturing and innovation is set to boost this sector. 𝐏𝐨𝐥𝐢𝐜𝐲 𝐚𝐧𝐝 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 The Indian government's policies and incentives play a pivotal role in promoting EVs. Initiatives like tax credits and subsidies are encouraging manufacturers and consumers to embrace electric mobility. 𝐅𝐮𝐭𝐮𝐫𝐞 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 India's EV market is expected to experience substantial growth, contributing significantly to the country's economy and environmental goals. 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐚𝐧𝐝 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 Continuous innovation in EV technology, including software development and integration with renewable energy sources, is vital for the sector's growth. 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐚𝐧𝐝 𝐀𝐜𝐜𝐞𝐩𝐭𝐚𝐧𝐜𝐞 Increasing consumer awareness and acceptance of EVs is key to driving demand. Educational initiatives and marketing strategies are crucial in changing public perception. India's electric vehicle revolution is well underway, with the potential to transform the country's transportation sector. The journey ahead requires collaborative efforts from the government, industry, and consumers to realize the full potential of electric mobility. #ElectricVehiclesIndia #SustainableMobility #GreenTransport #EVAdoption