As part of the brand's 'Freedom of Choice' policy, the 2018 Jeep Compass EV will be available in addition to mild-hybrid and plug-in hybrid electric vehicles (PHEVs).

Jeep to launch its all-electric Compass SUV in November 2024

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Jeep has finally confirmed its intention to unveil the all-electric version of the Compass, the company’s famed midsize SUV, according the recent reports. The new Jeep Compass EV will be offered alongside mild-hybrid and PHEV powertrains, as part of the brand's "Freedom of Choice" strategy, according to a report by Team BHP. The automaker announced on Friday that prior to going officially on sale in the European market in 2025, the company intends to unveil the all-electric Compass SUV this year in November. As part of the brand's "Freedom of Choice" policy, the 2018 Jeep Compass EV will be available in addition to mild-hybrid and plug-in hybrid electric vehicles (PHEVs). The STLA Medium Platform of Compass EV's parent business, Stellantis, will serve as the foundation for the future model. According to the WLTP cycle, this platform's base pack provides 310 miles (500 km) of driving range, while the performance pack can provide up to 435 miles (700 km) of range. Moreover, those who are looking for a more rugged option can avail of the Compass EV "Trailhawk" trim. Jeep will launch the Compass EV prior to the release of its bigger sibling Wagoneer S, in Europe. Based on the 'STLA Large' architecture, the Jeep Wagoneer S EV is anticipated to deliver 600 horsepower and a range of "over 300 miles" on a flat tyre. The business is also developing a Wrangler-inspired Recon vehicle, which will have detachable doors and windows, in addition to the Compass EV and Wagoneer S EV. Additionally, the Renegade EV will be available for less than $25,000.

As part of the brand's "Freedom of Choice" policy, the 2018 Jeep Compass EV will be available in addition to mild-hybrid and plug-in hybrid electric vehicles (PHEVs).

Jeep to launch its all-electric Compass SUV

Prashant

The Karnataka government is likely to go for a new electric vehicle policy for the upcoming five years. The new policy in consideration is likely to exempt road taxes for all strong hybrid and electric vehicles under Rs 25 lakh, CNBC-TV18 reported.&nbsp; The ambition of the state is to attract&nbsp; Rs 50,000 crore as investments in the value chain of clean mobility by 2029. Moreover, the state is also considering giving incentives up to 50&nbsp;percent of fixed asset’s value, the report read.&nbsp; New or expanded projects might get a Production-Linked Incentive (PLI) of one percent of turnover for five years. According to the article, the state administration is also considering providing enterprises with a 15-25 percent capital investment incentive as well as stamp duty exemptions. The update comes at a time when Karnataka has lost out to neighbouring Tamil Nadu on manufacturing factories for Bengaluru-based EV startups Ola and Ather and is now planning to attract corporations to establish operations in the state. Citing IT-BT Secretary Ekroop Caur in her response to a question about how Karnataka is losing EV manufacturing plants to neighbouring states, Moneycontrol reported, "I'm confident that with the new policies and the government's focus on creating industrial townships around Bengaluru, which are in high demand by tech-oriented industries requiring high-end skills, we will be able to attract these companies back to Karnataka."

The update comes at a time when Karnataka has lost out to neighbouring Tamil Nadu on manufacturing factories for Bengaluru-based EV startups Ola and Ather and is now planning to attract corporations to establish operations in the state.

Karnataka to roll out new electric vehicle policy

Karnataka to roll out new electric vehicle policy: CNBC-TV 18

The budget for 2024–2025, is a critical opportunity to boost the electric vehicle (EV) market in India, according to Oben Electric. One of the main issues in the two-wheeler segment is the inverted duty structure. Right now, the higher raw material GST rates (18–28%) compared to the lower finished vehicle GST rate (5%), are causing cash flow problems for producers.&nbsp; Due to these discrepancies, the working capital demands and expenses have risen significantly. By taking account of the problem, solving this disparity may lower expenses for both producers and buyers, accelerating the adoption of electric vehicles. As part of the government's clean transportation agenda, Oben Electric believes that this problem will be addressed in the upcoming budget. Furthermore, if states used a uniform GST certification procedure would improve corporate operations worldwide. Oben Electric highlights that solving this inverted duty structure will mitigate reliance on imports and bolster the 'Make in India' campaign. Promoting domestic manufacturing boosts industry expansion and resistance to shocks. Meanwhile, to further improve the industry, programmes for specialised EV engineers and technicians must also be implemented that can provide a workforce with the necessary skills to advance the sector. Moreover, enhancing investor confidence and drawing significant investments into India's electric mobility industry also depends on maintaining regulatory stability and transparency. Oben Electric also advocates for taking the reach of EV infrastructure beyond urban centres to towns and villages. It highlights the necessity to improve research and development in sustainable materials and effective production methods. These actions will reaffirm India's dedication to environmentally friendly transportation. Additionally, the business offers a long-term FAME III subsidy programme with streamlined application procedures. This would guarantee more EV player engagement without needless obstacles, promoting industry expansion. A representative for Oben Electric said, "We hope the budget will address this disparity to reduce the burden on manufacturers, eventually transferring the cost-benefit to the consumer." India can become a worldwide leader in electric transportation solutions and realise its goals of Atmanirbhar Bharat and Viksit Bharat by putting these policies into practice. The forthcoming budget offers a chance to usher in a new phase of rapid growth for India's electric vehicle industry.

One of the main issues in the two-wheeler segment is the inverted duty structure. Right now, the higher raw material GST rates (18–28%) compared to the lower finished vehicle GST rate (5%), are causing cash flow problems for producers. 

Oben Electric seeks EV sector reform

Budget 2024 in pipeline: Oben Electric seeks EV sector reform

According to Morgan Stanley, Tesla's supercomputer, Dojo, which trains AI models for autonomous vehicles, may provide the<a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;"> electric vehicle</a> manufacturer with an "asymmetric advantage" and increase its market valuation by over $600 billion, or 76%. Tesla began producing the Dojo in July and anticipates spending over $1 billion over the course of the following year. Dojo can open up new addressable markets that "extend well beyond selling vehicles at a fixed price," according to a note sent on Sunday by Morgan Stanley analysts under the direction of Adam Jonas. “What additional markets may emerge if Dojo is successful in making cars 'see' and 'react,' I wondered. Think about any edge gadget with a camera that makes judgements in real-time based on its visual field”, added Jonas. The Wall Street firm changed the company's rating from "equal-weight" to "overweight" and elevated Tesla's stock to the position of "top pick," displacing Ferrari's American-listed shares. According to LSEG data, Morgan Stanley increased its price goal for Tesla's shares over the next 12 to 18 months by 60% to $400. At that price, according to Morgan Stanley's estimates, the EV manufacturer would have a market capitalization of around $1.39 trillion. After the stock price reached a closing of $248.5 on Friday, the market worth of the company was estimated to be at $789 billion.Jonas anticipates Dojo to be the programme and service that adds the greatest value. The analyst increased his projected income from Tesla's network services division from $157 billion to $335 billion in 2040. By 2040, nearly tripling from 2030, Jonas projects the segment to provide more than 60% of Tesla's core earnings.According to Jonas, "This increase is primarily the result of the emerging opportunity we see in third-party fleet licencing, increased ARPU (average monthly revenue per user)."

Tesla began producing the Dojo in July and anticipates spending over $1 billion over the course of the following year. Dojo can open up new addressable markets that "extend well beyond selling vehicles at a fixed price,"

EV industry may get a boost by Tesla supercomputer

Morgan Stanley: EV industry may get a boost by Tesla supercomputer

Following rumours that the business was in preliminary discussions with Chinese manufacturer Leapmotor to license the technology to construct <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles</a> in India, JSW Steel Limited increased by more than 2% in the morning trading on September 1. According to the arrangement, JSW will utilise Leapmotor's platform to produce EVs in India under its own brand name in an effort to get into the expanding market, according to news agency Reuters. The steel-to-energy group's billionaire chairman Sajjan Jindal has publicly expressed the company's ambition to produce EVs in the nation, despite the report's claim that conversations were confidential. Earlier this week, it was reported in numerous publications that the JSW Group's promoter companies were in discussions with a number of Chinese <a href="https://www.evindia.online/car" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric-car</a> manufacturers to introduce an electric vehicle for the Indian market in the Rs 15-20 lakh price range.&nbsp; The allegations also stated that the business was competing for a share in MG Motor India, a British brand owned by Shanghai Automotive (SAIC), the largest automaker in China. According to The Economic Times, Jindal, the chairman and managing director of the JSW group of enterprises, would hold between 45 and 48 percent of MG Motor India, a fully owned subsidiary of Shanghai-based SAIC Motor. "If you're asking me particularly about MG Motor, it's one of the firms on our list; I don't back down from a challenge. I'm not sure yet, but that may be one of the choices if they want to sell," citing Jindal CNBC-TV18 has previously reported. The stock was up 2.40 percent from the previous closing when it was trading at Rs 798.40 on the National Stock Exchange at 10:43 a.m.

It was reported in numerous publications that the JSW Group's promoter companies were in discussions with a number of Chinese electric-car manufacturers to introduce an electric vehicle for the Indian market in the Rs 15-20 lakh price range. 

JSW in conversation with Leapmotor

JSW proceeds on conversation with Chinese automaker Leapmotor for EV tech

Tesla suffered a significant blow on Thursday when the Indian finance ministry said that it is not planning to waive any customs duties for the Elon Musk-owned <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">EV</a> business.&nbsp; According to Sanjay Malhotra, India's tax secretary, "Any duty waiver for Tesla is not under active consideration of the Department of Revenue, as of now."&nbsp;Following Musk's assertion that Prime Minister Narendra Modi had asked his business to make large investments in India, the finance ministry issued a response.&nbsp; Malhotra's remarks are significant because the producer of electric vehicles previously requested remission of customs duties in order to bring Tesla automobiles into India. The negotiations to create a foothold in the third-largest economy in Asia fell down, however, because India had already rejected Tesla's proposal.&nbsp;It should be remembered that India taxes electric vehicles at 100% import duty.&nbsp; One of the most valuable manufacturers in the world, Tesla, was recently in the headlines for talking to the Indian government about opening manufacturing units. According to a story in The Times of India, Tesla was looking at setting up a supply chain for electronics and <a href="https://evindia.online/vehicles?type=3" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">car</a> parts in India.&nbsp; With pricing starting at $24,400, the new facility is anticipated to have an annual manufacturing capacity of 500,000 electric vehicles. Additionally, Tesla plans to base its EVs in India before shipping them to the Indo-Pacific area. This will assist the EV manufacturer in lessening its reliance on China for its supply chain.&nbsp;

The Indian finance ministry has stated that it is not contemplating any custom duty waiver for the Elon Musk-owned firm, making the entry of Tesla into the Indian market more difficult

Tesla struggles to enter India’s EV market

Tesla struggles to enter India’s EV market as finance ministry upheld “no-duty-waiver”

Vayve Mobility, an Indian original equipment manufacturer (OEM), revealed a prototype claiming it to be the nation's first solar-powered <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric vehicle</a> (EV).&nbsp; The company showcased the prototype at the ongoing Auto Expo 2023 on the outskirts of New Delhi. The program is held after a year-long delay due to Covid-19.&nbsp; Vilas Deshpande, chief operating officer at Vayve Mobility, has said that the company's upcoming product-"Eva" will be a two-seater smart car with solar panels on the roof. The solar charge accumulated through this will provide additional energy assistance on top of the battery. This technology has been claimed to give a range of an additional 10km range per day.&nbsp; Deshpande further said that users and enthusiasts could expect this vehicle in around 18 months. Meanwhile, <a href="https://evindia.online/company/kia-india" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Kia</a>, <a href="https://evindia.online/company/byd-india" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">BYD</a>, <a href="https://evindia.online/company/tata-motors" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">TATA, </a>and many more companies have been observing EVs at the Auto Expo, among which some have showcased their technology. Companies like Maruti Suzuki and Suzuki Motor corps have also unveiled new concepts like hydrogen fuel and hybrid.&nbsp; The zero-emission vehicle initiative has increased after the Indian government's efforts to control pollution in major cities while decreasing oil import expenses.&nbsp; India is investing millions of dollars in the EV industry to promote home-grown manufacturing.

Vayve Mobility, an Indian original equipment manufacturer (OEM), revealed a prototype claiming it to be the nation's first solar-powered electric vehicle (EV).  

India’s first solar-power electric vehicle showcases in Auto Expo 2023

Shubham

India's top commercial vehicle manufacturing company, <a href="https://www.tatamotors.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Tata Motors</a>, has pillared the transport system of intra-city by introducing their manageable size, zero-emission electric vehicle, Ace EV. The initial batch of the vehicle is supplied to major FMCG, courier, and e-commerce companies such as Johnson &amp; Johnson Consumer Health, DHL, Amazon, FedEx, Delhivery, Flipkart, Safexpress, MoEVing, and Trent Limited.&nbsp; Revealed in May 2022, the all-new Ace EV has accomplished its strict real-market standard trials. Manufactured in collaboration with its users, the vehicle comes with a 5-year extensive maintenance package. Packed with sedulous technology, the company claims to give its users "hassle-free-e-cargo mobility." The claim is further supported by the users' overwhelming responses to the vehicle's 100 % uptime performance.&nbsp; The product's system includes the deployment and development of charging stations, application of Tata Fleet Edge, Deployment of <a href="https://evindia.online/company/tata-motors" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Tata UniEVerse,</a> and partnership with the country's top financiers for maximum and optimal performance. Welcoming the first batch of the product, Executive director of Tata Motors, Mr. Girish Wagh, said, "The introduction of the Ace EVs on Indian roads marks a big step forward in the journey towards zero-emission cargo mobility. The holistic solution co-created with our partners effectively caters to various intra-city distribution needs and delivers a superior value proposition to all stakeholders. We are grateful for the trust and support of our customers. Their encouraging response to Ace EV inspires us to accelerate our endeavor of sustainable mobility and support the nation’s net-zero aspirations." Moreover, this product will be the first EV-launching EVOGEN powertrain of Tata Motors, providing a certified claimed range of 154 kilometers. The vehicle is said to deliver a safe ride with all-weather functioning. In addition, the vehicle is packed with advanced battery cooling technology, fast charging, a 27KW motor giving 130 Nm of peak torque, Regenerative breaks, and many more features. To suit the e-commerce requirements, the Ace EV is built with 208 ft^3 cargo volume and a grade ability of 22%. Its durability and lightweight features are designed to follow an easy ascend while fully loaded.&nbsp;

India's top commercial vehicle manufacturing company, Tata Motors, has pillared the transport system of intra-city by introducing their manageable size, zero-emission electric vehicle, Ace EV. 

Penetrating the commercial EV segment, Tata flags an all-new Ace EV in Indian Market.

The Delhi Government, on 28th July announced that the state plans to set up 1000 charging stations and 103 battery swapping stations in the next few weeks. The first set of charging stations is expected to be inaugurated in the next month.&nbsp; The new battery swapping stations are required heavily in the current situation of electric two-wheelers, it becomes really easy for a rider to commute easily without having to stop to charge their EV every time the range drops down near the single digits. These battery swapping stations will ease the minds of those who have range anxiety when riding their electric two-wheelers. As per the e-vahaan portal, there are a total of 1,32,302 electric vehicles registered in Delhi for which 234 battery swapping stations and 2,356 EV charging stations is very less (1 charging station for nearly 56 EVs), the decision taken by the Delhi government is a step towards electrification of transport in Delhi. The Delhi Government announced, that they will be partnering up with discoms and civic bodies to make a coordinated strategy to ramp up the infrastructure for electric vehicle charging to accommodate more EVs in the state. The decision was taken at the fifth meeting of the government’s Electric Vehicle (EV) charging infrastructure working group. The charging stations and battery swapping stations will be set up by Delhi Transco Limited (DTL). The working group was chaired by the vice-chairperson, of the Dialogue and Development Commission of Delhi (DDC), where Jasmine Shah plays an important role in guiding the strategy for rolling out public and private EV charging stations in the State. Different agencies had given their inputs which were discussed and planned for the same, is set to be launched in the fourth Delhi EV forum on August 10 which will mark the 2-year anniversary of the EV policy in Delhi. There are currently 2,356 EV charging stations and 234 battery swapping stations operational at 1,892 locations in Delhi. Setting up a cost-effective, and efficient network of EV battery swapping stations and charging stations requires a large number of stakeholder departments in full coordination.

The Delhi Government, on 28th July announced that the state plans to set up 1000 charging stations and 103 battery swapping stations in the next few weeks.

Delhi government Announces 1,000 Charging Stations And 100 Battery Swapping Stations 

The Delhi Government announced, that they will be partnering up with discoms and civic bodies to make a coordinated strategy to ramp up the infrastructure for electric vehicle charging to accommodate more EVs in the state.

As part of the brand's "Freedom of Choice" policy, the 2018 Jeep Compass EV will be available in addition to mild-hybrid and plug-in hybrid electric vehicles (PHEVs).  | EV Marketplace

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Jeep to launch its all-electric Compass SUV in November 2024

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