Week In India: e-Sawaari– India’s First Electric Bus Coalition Launched; And More

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e-Sawaari– India’s First Electric Bus Coalition Launched

NITI Aayog launched the e-Sawaari India Electric Bus Coalition, in partnership with Convergence Energy Service Limited (CESL) and World Resources Institute, India (WRI India), and supported by Transformative Urban Mobility Initiative (TUMI). Through the e-Sawaari India Electric Bus Coalition, the central, state, and city-level government agencies, transit service providers, original equipment manufacturers (OEMs), financing institutions, and ancillary service providers will be able to share knowledge and their learnings on e-bus adoption in India.

Gujarat Government Signs MoUs Worth Rs 14165 Crores At Vibrant Gujarat Summit

In the presence of the Chief Minister of Gujarat, Bhupinder Patel, 12 MoUs worth Rs 14165 crores were signed with various companies at the Vibrant Gujarat Summit. This includes MoU signed with the energy storage and electric mobility startup, Matter which plans to invest Rs 1500 crores in the coming 5 years in Gujarat. A Memorandum of Understanding (MoU) was signed with the government of Gujarat to invest Rs 300 crores in energy storage and Rs 1200 crores in electric mobility. The investment will also deploy 4000 job opportunities in the state. Matter indigenously develops smart transformative and integrated technologies for enterprise clients and consumers. Matter manufactures home inverters, solar home lighting systems, battery packs, and UPS systems.

EV Battery Recycling Market To Reach $10 Billion By 2030 – Report

According to a report, the electric vehicle battery recycling market is expected to grow from $0.81 billion to $10 billion by 2030 with a CAGR of 20% between 2021-2030. Consumers are shifting towards electric vehicles and the demand for EVs is also rising globally as the cost of gasoline is also increasing. Elements like air pollution and the cost of fuel are making this diversion. Currently, only 5% of the electric vehicle batteries are recycled and the rest is either saved or just kept for battery production vegetation. The majority of electric vehicle manufacturers and automakers are partnering with battery manufacturing companies for the recycling processes.

MoHI Launches ‘Goa State Electric Vehicle Policy 2021’

According to Heavy Industries Minister Mahendra Nath Pandey, the Automotive Research Association of India (ARAI) is currently working on the development of fast chargers for electric vehicles. Minister was at an event organized by the Ministry of Heavy Industries (MHI) at Goa to Promote Electric Vehicles Mobility with 8 state transport ministers, industry leaders, other heads from 19 states. Goa State Electric Vehicle Policy 2021 was also launched at Goa during the same event in the presence of Goa Chief Minister, Pramod Sawant. Various incentives comprising of fiscal and non-fiscal benefits are included in this policy for electric vehicles.

EVRE & MAW Join Forces To Setup EV Charging Infra In Over 100 Cities

EV charging infrastructure company EVRE said on Thursday that it has partnered with Mad About Wheels (MAW) to establish charging infrastructure and provide dealerships in over 100 locations with more than 500 chargers, to begin with. The deployment will begin with the installation of 100 charging stations in the first 30 cities by March 2022, providing simple access to excellent EV chargers to respective dealer network operators and EV owners at no cost to them in terms of asset ownership, mostly in tier-II and III cities. EVRE aims at expanding their EV charging infrastructure across the country and MAW offers one such platform, allowing the company to reach out across the nation, hitting the majority of districts within a year, said Krishna K Jasti, CEO & Co-founder, EVRE.

Telangana To Exempt First Two Lakh EVs From Registration Fee And Road Tax

Transport Minister of Telangana Puvvada Ajay Kumar said that the first 500 electric buses, 5000 electric cars, 10000 light good vehicles, 20000 autos, and two lakh electric two-wheelers will be exempted from the registration fee and road tax. There has been increased use of electric vehicles in Hyderabad as many people are now considering eco-friendly vehicles to bring down carbon emissions. In 2016, there were only 25 electric vehicles, now the number has gone over 10000. Telangana is also developing new policies that include incentives for manufacturing and using electric vehicles with the latest policies.

20 Companies Expresses Their Interests In Battery PLI Scheme

20 companies have expressed their interest in producing Advanced Chemistry Cell (ACC) batteries for the new Production Linked Incentive (PLI) scheme. These companies are Ola Electric, Tata Chemicals NSE 1.17 %, and Reliance Industries. Few companies also participated in a pre-bid meeting held last month. In October, the government released the Request for Proposal (RFP) document which invited bidders for Rs 18100 crores with 50 GWh capacity. Around 100 participants attended the meeting from 20 companies.

Goa Launches ‘Goa Electric Mobility Promotion Policy 2021’

Goa government launches ‘Goa Electric Mobility Promotion Policy 2021’ to boost the adoption of electric vehicles to 30% by 2025. This is a 5 years electric mobility policy that will create 10000 job opportunities in the state. All the diesel marine vehicles will also be upgraded to solar and electric vehicles. Within the 3 km radius in the city, an electric vehicle charging station would be installed and on the highway, this would be 25 km range under the policy. The policy also includes subsidies of around 20-50% for installing e-charging stations, 20% rebates would be given for mega projects, 30% for small projects, and 50% rebates for startups.

Fortum Charge & Drive and Plug Mobility From Carzonrent Join Hands To Set Up Charging Infrastructure For 4Ws Across India

Plug Mobility fromCarzonrent India Private Limited, India’s first Electric Vehicle Mobility as a Service brand, has partnered with Fortum Charge & Drive India Pvt. Ltd. (Fortum C&D), a leading Nordic Electric Vehicle (EV) charging service provider, to provide charging infrastructure for Carzonrent fleet of 19000 cars to be inducted over the next 5 years across India. Fortum C&D will set up 3200 charging points for Plug Mobility during this period to support the energy requirement of the fleet. 

Jio-bp And Mahindra Group Signs MoU For Creation Of EV Products And Services

Reliance BP Mobility Limited (RBML), operating under the brand name Jio-bp and The Mahindra Group, announces a non-binding MoU for exploring the creation of EV products and services, alongside identifying synergies in low-carbon and conventional fuels. The MoU also covers evaluating charging solutions by Jio-bp for Mahindra vehicles including electric 3 and 4 wheelers, quadricycles, and e-SCV (Small Commercial Vehicles – sub 4 ton). This would include captive fleets and last-mile mobility vehicles of Mahindra Group. Jio-bp is an Indian fuels and mobility joint venture between Reliance Industries Limited (RIL) and UK’s bp plc. Jio-bp aims to expand its fuel retailing network to 5,500 over the next five years.

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