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In India, Delhi is one of the cities with the highest <a href="www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0);">EV</a> adoption rates. The city used 55% of the nation's total electricity at EV charging stations, according to a study by the <a href="https://cea.nic.in/?lang=en" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0);">Central Electricity Authority (CEA).</a> The CEA reported that EV charging stations (ECS) in India used 205 million units of energy during FY 2022–2023. Delhi used 113.4 million units or more than 55% of this usage. The largest energy usage at EV stations was observed in BSES Rajdhani Power Limited (BRPL) areas, hitting 47.1 million units. EV charging stations in the service regions of Tata Power Delhi Distribution Limited (TPDDL) and BSES Yamuna Power Limited (BYPL) saw usage of 40 million units and 26 million units, respectively.&nbsp; Many parts of the city are getting the electricity provided by the three discoms i.e electricity distribution companies. A senior of discom official stated that the figures show how eager Delhi is to lead India's EV transition and how important the discoms are. He further said that they are laying the groundwork for a sustainable future by actively participating in the development and promotion of EV infrastructure. The updated data also reflects the contribution of&nbsp;EV passenger services. The NCR-based biggest EV ride-hailing company- Blu Smart Mobility has uplifted EVs' extensive use on Delhi roads. The company provides electric energized passenger service via its 3200 EVs which are reported to get charged twice a day. Following the high adoption rate, the Delhi government's goal is to guarantee that 25% of all new car registrations in the city be electric vehicles by 2024, while the Government of India aspires for a 30% EV penetration by 2030. Over 1,20,000 EVs have been registered in Delhi since August 2020. There are 256 battery switching stations, 1,550 private charging stations, and 2,794 public charging stations in the city.

Delhi used 55% of the nation's total electricity according to Central Electricity Authority 

Delhi E-vehicles consume 55% of the nation's ECS electricity: Reports

Prashant

With 4,000 supercharger stations installed globally, <a href="https://www.tesla.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Tesla</a>, the undeniable industry leader in <a href="www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric automobiles</a>, has had a 34% yearly increase. According to the information given by <a href="https://finbold.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Finbold</a>, Tesla now has 3,971 supercharger stations globally, up from 2,966 during the same period in 2021, registering a 33.8% increase. In the time period of the first three months of 2022, there were 3,724 Tesla stations, marking a growth of 7.13 per cent from the previous quarter. By the third quarter of 2021, the company has established 3,254 stations throughout the world. Also, Tesla noted a rise in the number of supercharger connectors, which touched the mark of&nbsp; 36,165 in the second quarter of 2022, an increase of 34.4% year over year. From the initial quarter of 2022 to the fourth quarter, the number of connections has shown a significant uprise by 6.85% making the total number of connections reach 33,657 from 31,498. During the first three months of 2022, there were 3,724 Tesla stations, an increase of 7.13 per cent from the previous quarter. As of Q3 2021, the firm had 3,254 stations placed throughout the globe. Moreover, Tesla registered a growth in the number of supercharger connectors, which increased by 34.4% in each year ahead to 36,165 in Q2 2022. From 31,498 in the fourth quarter of 2021 to 33,657 in the first quarter of 2022, the number of connections climbed by 6.85%.

Tesla, the undeniable industry leader in electric automobiles records 34% yearly increase

Tesla establishes 4000 EV stations throughout world

Greaves Finance Ltd., the non-banking financial company (NBFC) subsidiary of Greaves Cotton Ltd., has recently introduced "evfin," an innovative financial platform aimed at transforming the landscape of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicle</a> (EV) financing and beyond. This move comes at a vital time when the EV business is ready to play a crucial part in the progress to efficient green energy. The domestic EV market is projected to grow at a compound annual growth rate (CAGR) of 49% between 2022 and 2030, as stated in the Economic Survey 2023. According to the survey, India's annual sales of electric vehicles will reach a staggering one crore units by 2030. It is essential to address the entire lifecycle of EV use by consumers in order to accelerate the adoption of electric vehicles and facilitate the transition to sustainable mobility. Recognizing this need, "evfin" has been designed to offer a range of innovative experiences, ensuring an enhanced EV journey throughout the ownership lifecycle by providing accessible and cost-effective financing options. Nagesh Basavanahalli, Vice Chairman of Greaves Cotton Ltd., expressed his enthusiasm for the launch of "evfin" and emphasized the company's commitment to creating a comprehensive ecosystem for diverse last-mile mobility. By introducing this sustainable financing platform on World Environment Day, Greaves Cotton Ltd. is reinforcing its dedication to sustainability and supporting the global efforts towards a greener future. Sandeep Divakaran, ED &amp; CEO of Greaves Finance Ltd., highlighted the significance of "evfin" as India's first consumer finance technology platform fully dedicated to electric mobility and sustainable solutions. With the integration of advanced digital lending capabilities, innovative asset management technology, and a nationwide reach, "evfin" aims to provide an exceptional and tailor-made experience for EV customers. The primary goal is to democratize access to electric vehicles by offering the most cost-effective financing options available in the market. By providing an end-to-end lifecycle experience for EV owners, "evfin" ensures a unique and seamless ownership journey throughout their usage of electric vehicles. <h2>What do we think?</h2> As the demand for electric vehicles continues to rise and the government focuses on promoting clean energy solutions, initiatives like "evfin" play a vital role in supporting the transition to a greener and more sustainable future. Greaves Finance Ltd. is poised to make a significant contribution to this transformative journey by empowering individuals and businesses to embrace electric mobility through their innovative financing platform, "evfin." It is anticipated that the introduction of "evfin" will have a profound effect on the market for <a href="https://evindia.online/company/ampere" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicles</a> (EVs), making electric vehicles more affordable and accessible to a wider range of customers. The sudden hike in EV two wheeler prices due to the introduction of FAME II this year, is also an issue to be addressed by this innovation. By funding difficulties related with electric versatility, Greaves Money Ltd. is adding to the development and advancement of the sustainable transportation ecological system in India. Other companies should take inspiration from this breakthrough and innovate their own NBFC products that can help consumers to afford an EV with ease. By this way, the EV adoption in India will certainly get a boost.

Greaves Finances Ltd. Launches Evfin

Greaves Finances Ltd. Launches Evfin: A New Breakthrough towards EV Adoption

Somsubhra Chowdhury

To encourage the use of <a href="www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric vehicles</a> (EVs) and aid in the decrease of pollution-causing crude oil imports, the <a href="https://www.smev.in/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Society of Manufacturers of Electric Vehicles</a> (SMEV) has urged the government to impose an additional green tax on <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">two-wheelers</a> with internal combustion engines. The industry group for electric vehicles stated in a statement that the Green tax would help explain the anticipated decline in sales of EVs due to a fall in subsidies starting this month. To pay for incentives for electric two-wheelers and restart the FAME programme, SMEV predicts that traditional, highly polluting ICE two-wheelers will need to pay 100 basis points more in taxes. It is time for the EV industry to be permitted to compete on an equal footing with ICE vehicles, according to SMEV Director General Sohinder Gill. The cost of ownership is the main barrier since India is a price-sensitive market, despite the fact that the sector is attempting to solve difficulties with awareness and adoption. “Additional green taxes on ICE vehicles would not only level the playing field for EV and ICE but will also inspire larger OEMs to enter the EV industry with assurance and a long-term perspective, which will be advantageous for the nation” the speaker claimed. Since June 1, the Heavy Industries Ministry has eliminated subsidies for electric two-wheelers, causing businesses to raise costs. The incentive threshold for electric two-wheelers has decreased from 40% to 15% of the ex-factory price of automobiles as of this month. The FAME India plan, which stands for Faster Adoption and Manufacturing of Electric and Hybrid Vehicles, started on April 1, 2019, for a three-year term that was then extended for an additional two years until March 31, 2024.

Heavy Industries Ministry has eliminated subsidies for e-2W, causing businesses to raise costs

SMEV encourages government to impose extra green tax on ICE 2W

<a href="https://www.rideriver.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">River</a>, a manufacturer of <a href="www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">electric vehicles</a>, has received $15 million in a fresh round of funding sponsored by Dubai's <a href="https://www.alfuttaim.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">Al Futtaim Group</a>. The Series B round also included participation from pre-existing investors Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC. Following a $2 million seed round in March 2021 and an $11 million Series A investment in July 2022, the funding is River's third round. Notably, Chris Sacca's Lowercarbon Capital invested in Mumbai-based SolarSquare in June of last year. Still, Al Futtaim Group, Toyota Ventures, Trucks VC, and Maniv Mobility have only invested in River. The additional funding will be used to strengthen River's production capabilities and get ready for its impending market debut. According to a news release from River, the firm plans to start making deliveries by August of this year. The company River was founded by Aravind Mani and Vipin George. Its initial offering is a multi-purpose<a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;"> electric scooter</a> that the company says was created in India. The <a href="https://evindia.online/product/river-indie" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">Indie</a>, the company's first product, is said to have been tested for more than a million km. The Indie is in tune with Indian usage trends, roads, and lifestyle, claims the company. The scooter has a number of features, including 14-inch wheels, crash guards, and front footpegs. Al Futtaim Group is distributed throughout more than 20 countries in the Middle East, Asia, and Africa. It has five main divisions: automotive, retail, real estate, healthcare, and financial services. Al Futtaim Automotive President Paul Willis said that they had examined more than 50 electric two-wheeler start-ups, and the team's vision and unwavering dedication to in-house product development left an impression. He further stated that he does not doubt that their products will be a huge hit both domestically and abroad. He also showed his faith in the success of their products in both the markets, domestic and abroad. Although the firm is still in its early stages, it may compete with a number of competitors, including two of the industry's biggest names: Ola Electric and Ather.

Series B round also included investors like  Toyota Ventures, Maniv Mobility, and Trucks VC

EV company River secures $15 million in funding from Al Futtaim Group.

On Monday, integrated battery recycling and repurposing solutions provider <a href="https://lohum.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Lohum</a> announced a partnership with <a href="https://www.mgmotor.co.in/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">MG Motor India</a> to create aftermarket options for the <a href="www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">EV</a> batteries used in the automaker's vehicles. As part of the partnership, Lohum will create a 2nd-life Battery Energy Storage System (BESS) using MG electric car end-of-first-life batteries for a variety of sustainable energy applications in domestic urban and rural markets. An entirely off-grid 5 kWh battery energy storage device was also launched as part of the partnership to provide an ongoing power supply even in areas with erratic grid infrastructure. In addition to the recently introduced tiny <a href="https://evindia.online/vehicles?type=3" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric car</a> Comet EV, MG Motor India presently distributes the ZS EV in the Indian market. In around three years, MG Motor will deploy more than 1 GW of batteries in the market through its vehicles. According to Rajat Verma, founder and CEO of Lohum, the business has already used the batteries in close to 100-MW of power deployment, and this is anticipated to increase over the next three years. In order to maximise the potential of cells before recycling, Lohum claimed its unique repurposing technique would be employed. Healthy cells with a high Remaining Useful Life (RUL) will be used to create sustainable second-life BESS for a broad range of clean energy applications. The market for recycling lithium-ion batteries is anticipated to reach $10 billion in the next five to seven years, according to Verma. Rajeev Chaba, CEO Emeritus of MG Motor India said, "With their numerous applications, low cost, and undeniable support for local communities, battery energy storage solutions hold immense potential to revolutionise India's energy landscape."

Lohum will create 2nd-life battery using MG EV's end-of-first-life batteries

MG Motor India and Lohum collaborate on repurposed EV battery technology

On Friday, the Tata Group and the Gujarat government entered into an outline agreement for the construction of a lithium-ion cell facility with an estimated investment of Rs 13,000 crore ($1.6 billion). India is making the move in an effort to build its own <a href="www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric vehicle</a> (EV) supply chain. The decision to build the EV battery facility in Sanand, Gujarat, was made earlier this week during a <a href="https://www.tata.com/business/tata-sons#:~:text=Tata%20Sons%20is%20the%20principal,generation%2C%20and%20art%20and%20culture." rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Tata Sons</a> board meeting, persons familiar with the situation reported.&nbsp; Tata Motors already operates a facility in Sanand and has also bought the Ford Motors plant that is nearby. The two factories' integration process has started, and it might take up to a year to finish. Work on the project is anticipated to begin in less than three years, according to a joint statement on the memorandum of understanding (MoU) between the Gujarat government and Tata's company Agratas Energy Storage Solutions. The announcement stated that it will initially have a manufacturing capacity of 20 Gigawatt hours (GWh), which could be expanded twofold in a subsequent stage. In less than three years, construction on the facility will begin. Earlier this week, the Tata Sons' board of directors declared the decision on the factory. The second phase of expansion to quadruple the manufacturing capacityJLR said in April that it would spend about $19 billion over five years to rebrand itself as a contemporary and electric-first automaker. The state's reliance on lithium-ion batteries will rise dramatically as EV usage rises, according to the statement. The statement said, "This project will assist in developing a lithium-ion cell manufacturing ecosystem in the state." Jaguar Land Rover (JLR), a Tata Motors affiliate, unveiled its electrification strategy in April. As part of its ambition to redefine itself as an electric-first and contemporary automaker, JLR announced it will invest £15 billion (almost $19 billion) over the next five years. The JLR facility in Wolverhampton, UK, which presently manufactures Ingenium internal combustion engines for its cars, will construct electric drive units and battery packs for its next-generation vehicles as part of this strategy. According to sources, a new battery facility from the Tata family may be built in the UK or another European country. The precise site has not yet been determined. British Prime Minister Rishi Sunak and Tata Group Chairman N Chandrasekaran are reportedly planning to meet shortly. India's automobile market is small in relation to the country's population. EV sales, which made up barely 1% of India's total automobile sales last year of roughly 3.8 million, are dominated by Tata Motors.

Tata and Gujarat government signed an outline agreement for the construction of a lithium-ion cell facility

Tata Group join hands with Gujrat for construction of Rs13000-crore EV battery plant

The<a href="https://www.tesla.com/modely" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);"> Tesla Model Y</a> is now the first all-<a href="https://evindia.online/vehicles?type=3" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric car</a> to be hailed as the world's best-selling automobile, a study reported. According to statistics from <a href="https://www.jato.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Jato Dynamics</a>, Tesla Model Y topped Toyota's RAV4 and Corolla models in terms of global sales in the first quarter of 2023. According to The Verge, the 2023 Model Y starts at $47,490, which is much higher than the 2023 Corolla ($21,550) and RAV4 ($27,575). In comparison to the 256,400 Corolla and 214,700 RAV4 sold in the first quarter of this year, the Tesla Model Y sold 267,200 units internationally. Also, in 2016, Tesla CEO Elon Musk foresaw the event and said that this model will see demand in the 500k to 1 million units per year level. Musk claimed that the Model Y will overtake all other vehicles in the world in 2021.&nbsp;"We believe that the Model Y will be the most beloved automobile sold worldwide. Very likely next year,” he had previously told investors. "I'm not absolutely confident next year, but I believe it's extremely plausible." Having a more than 50% market share and more vehicles sold than all other automakers combined, Tesla continues to dominate the US <a href="https://evindia.online/vehicles?type=5" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric vehicle</a> (EV) industry. According to Counterpoint Research, EV sales will rise to 7% of total passenger car sales in the US in 2022. Additionally, Mukherjee continued, "It is anticipated that Tesla will acquire an even bigger market share given the recent price reductions by Tesla and the fact that all variants of the Model Y are now qualified for the EV tax credit subsidy.”

The EV tops Toyota's RAV4 and Corolla models in global sales in the first quarter of 2023

Tesla Model Y gets tag of world’s 1st best-selling EV

Maruti Suzuki's principal business, <a href="https://www.globalsuzuki.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Suzuki Motor Corporation</a>, has revealed its growth plan until 2030. Suzuki wants to see the nation become environmentally safe by 2070, following the objective established by the Indian government. The Japanese automaker also aims to introduce six electric vehicles in India by 2030, with the first one arriving in FY24. Despite the SMC presentation's lack of specifics on the body shapes of the future six EVs, the images presented imply the existence of a small hatchback, a small SUV in the Jimny type, three more SUV-like cars, and a crossover. By 2030, SMC wants India to reach a 15% EV adoption rate. By 2030, internal combustion engines will account for 60% of their capacity, and hybrid electric cars for around 25%. Suzuki would release the BEV (electric battery vehicle) in its native region of Japan in FY23 as well as in crucial regions such as Europe in FY24. The Maruti Suzuki eVX prototype electric SUV will debut in India in FY2024, and six EVs will be available by FY2030. The eVX prototype electric SUV was displayed at the <a href="https://evindia.online/blog/auto-expo-2023-updates---all-the-upcoming-electric-cars---bikes" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Auto Expo 2023</a>. Suzuki headquarters, Yokohama Lab, Suzuki R&amp;D Center India, and Maruti Suzuki will collaborate in R&amp;D for effective innovation by integrating the development in each sector of technological breakthroughs, modern applications, and large-scale manufacturing technologies, according to the firm. According to a news release from Suzuki Motor Corporation, the firm will sell carbon-neutral ICE vehicles inside the Indian market that run on a mixture of CNG, biogas, and ethanol in addition to EVs to offer a comprehensive range of goods and providers. In FY24, the Japanese auto manufacturer will release a modest to the mid-sized electric motorbike. Suzuki intends to release eight vehicles by 2030 with a 25% battery-electric vehicle proportion. It is not yet apparent if they will be launched in the Indian market. The business is thinking about using carbon-neutral fuels in huge <a href="https://evindia.online/bike" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">bikes</a>.

By 2030, Maruti Suzuki will introduce six battery electric vehicles in India

Maruti Suzuki's principal business, Suzuki Motor Corporation, has revealed its growth plan until 2030. Suzuki wants to see the nation become environmentally safe by 2070, following the objective established by the Indian government. 

Riding high on both the electric boom and start-up culture, Gemopai Electric is attempting to provide electric two-wheelers to the masses.

Gemopai Electric to set up production unit in South India

Bhavik

The first stage of investment will roll out this year for a new factory in Rajasthan, where vendor units will invest another Rs 400 crore

Hero Electric to invest Rs 2,500 crore to launch 4 million units by 2026

long race horse There is a fierce competition in the electric scooter segment in the Indian market. While companies such as Ola, Hero, TVS, Suzuki, Okinawa and Ather are already in the segment, Bajaj has entered the race of late. Has proved that Chetak is a long race horse. The reason is the love of customers this electric scooter is getting. read also Will have to wait till next year to bring this electric scooter home, delivery date pushed forward The reason for the love of customers getting to Chetak Let us take a look at why the Bajaj Chetak electric scooter is getting the love of the customers. get stylish look Bajaj has given a stylish look to its electric scooter by retaining the retro theme of the old Chetak. It is also offered in Hazelnut, Brooklyn Black, Indigo Metallic and Veluto Russo Colors. With this it has been successful in wooing the customers.Equipped with great features Bajaj's electric Chetak is equipped with great features. It gets combine braking system, fast charging, digital trip meter, digital speedometer, digital odometer, remote and push start buttons, touch sensitive switch, automatic transmission, GPS navigation, Bluetooth connectivity, keyless ignition, app-based control, reverse assist mode, onboard Intelligent battery management system and other great features are available. read also Maruti Suzuki introduced a new CNG car, will get a mileage of 32.73 and the price will be like this best powertrain 4,080W BLDC motor has been used in Bajaj's electric Chetak. Also, a 50.4 V/60.4 Ah battery pack has been used in it, which takes 4 hours to fully charge. Talking about the riding range, this electric scooter gets a riding range of up to 90 km in Eco mode in Sinlay Charging and 85 km in Sport mode. read also This luxurious luxury car of BMW was launched in India, will catch the speed of 100kmph in 3.3 seconds and the price will be so not heavy on budget Bajaj's electric Chetak can be bought at different starting prices in different places according to its official website. In Maharashtra, its starting price is the lowest at Rs 1,40,561, which may vary according to the subsidy received in different states, but even then it does not weigh heavily on the budget. Its starting price in Rajasthan is Rs 1,51,674, then in Delhi it is Rs 1,51,958.

Bajaj Chetak Electric Scooter is becoming a popular choice in market |  Chetak is a long race horse in the electric scooter segment, giving tough competition to other companies

The brand’s chief business officer talks about expanding the portfolio, competing with stakeholder Hero and how Ather is going about streamlining supply chain issues

No technology transfer with Hero: Ather Energy CBO Ravneet Phokela

इलेक्ट्रिक स्कूटर्स की बढ़ती डिमांड के चलते हम आपके लिए एक खास सीरीज लेकर आए हैं। इसके जरिए हम आपके इलेक्ट्रिक स्कूटर खरीदने के फैसले को आसान बनाने का प्रयास करते हैं। आज हम आपको एक ऐसे इलेक्ट्रिक स्कूटर के बारे में बता रहे हैं, जो फुल चार्ज में 120 किमी. तक चलता है। साथ ही इसकी टॉप स्पीड भी 60kmph तक की है। (Pure) 1 Pure EV Etrance Neo electric scooter is great know the price and features - Hindustan

Pure EV का Etrance Neo इलेक्ट्रिक स्कूटर है शानदार, जानें कीमत और फीचर्स

 After numerous incidents of its electric vehicles (EVs) going up in flames, Hyderabad-based startup, PURE EV, on Thursday became the second EV manufa

pure ev:  Pure Ev To Recall 2k Two-wheelers | Hyderabad News - Times of India

There are banks that are offering car loans for EVs at special interest rates. Here is a look at some of the banks that are offering car loans for the purchase of electric vehicles and their interest rates.

Planning to buy an electric car? These banks offer special interest rates for electric vehicle loans

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