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Mobility

NITI Aayog launches guide for setting up EV charging points

To enhance the necessary infrastructure to facilitate a rapid transition to electric mobility in the country, the NITI Aayog released a handbook to help state governments and local bodies to frame policies and norms towards setting up charging networks for electric vehicles.
Jointly developed by the NITI Aayog, the Power Ministry, the Department of Science and Technology, the Bureau of Energy Efficiency, and the World Resources Institute, India, the handbook provides a systematic and a holistic approach for adoption by implementing authorities and other stakeholders involved in planning, authorisation and execution of electric vehicles charging infrastructure.

TAGS #NITIAayog
Mobility

ARAI Successfully Develops Indigenous Chargers for Electric Vehicles

The Automotive Research Association of India (ARAI) has indigenously developed charger for electric vehicles considering the need to boost up the charging mechanism of electric vehicles in the country announced, Director, ARAI during a press conference. He said that to promote EV, infrastructure for charging is important and since the mobility chargers are imported, the focus of ARAI is to develop chargers indigenously, which will be cost-effective and boost the local economy. The Bureau of Indian Standards (BIS) has already set a common standard specification for EV chargers. The charging points will be set up by Bharat Electronics and parts for EV charger systems will be manufactured locally.

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Mobility

PM launches Vehicle Scrappage Policy

Prime Minister launched the Voluntary Vehicle-Fleet Modernization Program (VVMP), also known as the Vehicle Scrapping Policy. The vehicle scrappage policy will bring in investments of around INR 10,000 crore (€1.2 billion) to set up 450-500 Automated Testing Stations (ATS) and 60-70 Registered Vehicle Scrapping Facilities (RVSF) across the country. A single window clearance portal is being developed where the applications for ATS and RVSF will be catered through a single portal within 60 days. A vehicle will be declared as End-of-Life or unfit if it fails the automated fitness test, the allowed retest and reinspection test if ordered by the appellate authorities.

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Mobility

Government notifies PLI scheme for auto sector

The government has notified Production Linked Incentive (PLI) Scheme for automobile and auto components after approving it on September 15. The PLI Scheme aims to overcome the cost of disabilities and encourage the industry to make fresh investments to make advanced auto products. It is estimated that in five years, this PLI Scheme will lead to fresh investments of over Rs 42,500 crore (€8.5 billion), and incremental production of over Rs 2.3 lakh crore (€27 billion). It will create additional jobs of over 7.5 lakh jobs and enhance India's share in the global automotive trade

Mobility

Government Plans Institution to Fund Businesses Focused on Electric Vehicles

According to a recent report, India’s electric vehicle financing industry is projected to be worth Rs 3.7 lakh crore (€43.5 billion) in 2030, which would be about 80% of the current retail vehicle finance industry. The government is planning to set up an institution to fund businesses with a focus on electric vehicles as well as facilitate new financial instruments for lending to the public transportation and commercial vehicle segment, Union minister Nitin Gadkari said. Gadkari also said the government is planning to bring incentives for construction equipment vehicles to encourage them to become electric ones.

TAGS #vehicle
Mobility

Indian EV industry records INR 25,045 crore (€2.9 billion) investments in last seven months

The Covid-19 pandemic and its damage to the Indian economy did not deter the discerning investors from lapping up opportunities in the electric vehicle and e-mobility sector. Many financial deals and the funds involved vindicate this fact. Collective investment done by e2W, e4W, EV component makers, electric commercial vehicles, and last-mile delivery companies was recorded at INR 25,045.31 crores (€2.9 billion) during January-July 2021. Electric commercial vehicles led the investments with a 32% share. Electric 4W saw an investment of 28% where M&M invested INR 3000 crore (€0.35 billion) making its contribution at 12%. It has already invested INR 1,700 crore (€0.2 billion) in India's EV business, with another INR 500 crore earmarked for a new research and development (R&D) centre

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Mobility

NITI Aayog released following reports

  • Report 1 - Fundamentals of Electric Vehicle Charging Technology and its Grid Integration Read more/Download>>

Report 2 - International Review on Integration of Electric Vehicles charging infrastructure with distribution grid.

TAGS #vehicle
Mobility

Ministry of Road, Transport and Highways issued following notifications:

 

  • Exempting Battery Operated Vehicles from paying fees for the issuance or renewal of registration certificates, as well as the assignment of new registration marks. Read more>>

  • Order specifying types of Motor Vehicle on the basis of its usage Read more>>

  • Regarding Electronic Monitoring and Enforcement for Road Safety Read more>>

  • Procedure for Accreditation of Testing Agencies.

 

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Electrical Equip. /Consumer Electronics

Tata Power Ties Up with AutoGrid for AI Based Energy Management

Tata Power-DDL and AutoGrid are jointly launching a behavioural demand response program for company’s residential customers to reduce peak demand and network capital costs. This pilot project aims to empower customers, by helping them understand their consumption patterns and evaluate the effectiveness of demand response (DR) programs. AutoGrid is a global leader in AI-based energy management solutions, to undertake joint project around demand response (DR), distributed energy resource management (DERMS), electric vehicles (EVs), virtual power plants (VPPs), energy storage optimization, flexibility management, forecasting, and renewable integration. Tata Power-DDL and AutoGird both will strive to develop and deploy cutting-edge energy management technologies to optimize usage for the larger benefit of Tata Power-DDL customers.

TAGS #DDL