The adoption of electric vehicles (EVs) in India is surging, with Delhi emerging as the leader in EV penetration, according to a report by FICCI and Yes Bank.
This rollout, featuring over 3,200 new outlets alongside its existing 800 stores, is one of the most extensive EV distribution expansions globally, underscoring Ola's commitment to democratizing EV adoption in India.
Currently, nearly all of India's 15 GWh demand for Li-ion batteries is met through imports. However, this demand is projected to soar to 54 GWh by FY27 and further to 127 GWh by FY30, driven by increased EV adoption and decarbonization of the energy grid.
This growth, with a compound annual growth rate (CAGR) of 23 per cent from 2024 to 2033, reflects the increasing global demand for sustainable mobility solutions.
Union Minister, HD Kumaraswamy announced that Ministry of Heavy Industries will soon introduce e-vouchers for electric vehicle (EV) buyers to avail of demand incentives under the newly approved PM E-DRIVE (PM Electric Drive Revolution in Innovative Vehicle Enhancement) scheme.
The adoption of electric two-wheeler vehicles in India is on a gradual rise and it is expected that their share will rise to upwards of 13 per cent by 2026-27, investment banking company Jefferies asserted in a report.
Bengaluru (Karnataka) [India], September 10: As the electric vehicle (EV) market grows, many people are still hesitant to switch because of "range anxiety"--the fear of not finding a charger when needed. This has slowed down EV sales for auto manufacturers, even though demand for sustainable
Mumbai (Maharashtra) [India], May 28: Kotak General Insurance, an insurance provider in India spots growth in electric vehicle insurance due to increasing adoption of electric vehicles in India. The rise in electric vehicle (EV) adoption is not only reshaping the motor landscape but also rev
According to a press release by the Ministry of Heavy Industries, the scheme aims to expedite the transition towards green mobility and bolster the development of the electric vehicle manufacturing ecosystem in the country.
Bengaluru (Karnataka) [India], November 7: In a bid to improve the infrastructure for EV charging in gated communities, ApnaComplex, India's leading community management solution provider, has collaborated with Greenie Energy, specialists in IoT-based EV charging hardware, to install chargin
Chief Minister Arvind Kejriwal approved the Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme 2023 on Tuesday and its file has been submitted to Lt Governor VK Saxena's office.