Budget 2018: Electric Vehicles ignored, ‘contradicts government’s vision’ of 100% electric mobility?
2018 budget disappointed the electric vehicles sector as it didn’t offer funds or tax benefits to the sector. The budget ‘ignored’ industry expectations leaving the 12% GST on EVs and 28% on batteries unchanged. Experts say this contradicts government vision for electric mobility by 2030.
EVs powered with 100% renewable energy can save Rs 40,000: Report
According to a new research, electric vehicles if 100% powered by renewable energy can save Rs 40,000 fuel cost annually. The authors have urged state think tank NITI Aayog to ensure that EVs are 100% powered by renewable energy. NITI Aayog’s consultations with public on EV policy ended on January 31.
Mahindra to unveil 6 new electric vehicles at Auto Expo 2018
Mahindra plans to unveil six new EVs at the upcoming 2018 auto expo motor show, including both production and concept models. The XUV Aero could be its flagship EV with top speed of 190kmph, and 300km range on a single charge. Electric Scorpio is also been tested, reports suggest.
Tesla ‘Still Welcome’ in India
Transport minister Nitin Gadkari said India is still ready to offer Tesla land if they want to set up factory in India. Tesla chose China for its first overseas car assembly plant. Earlier, Tesla ‘faced problems’ with India’s local sourcing policy and import duties. Gadkari said new tax structure is being planned for EVs. Situation ‘will change in 2 years’ he added. Meanwhile, Tesla has deniedreports of further delay in production of Model 3, its most-affordable sedan. Experts say a delay could phase out tax credits, which can dampen the sales of economy-class model.
California Gov pushes for 5 million zero-emission cars by 2030
California’s governor has signed executive order to back Zero emission Vehicles (ZEVs) and charging stations to curb pollution from cars and trucks. Governor Brown has called for a new target of 5 million ZEVs in California by 2030. Meanwhile, in a setback to ‘least polluting’, peaking gas plants, California is to replace ‘aging natural gas peakers’ with the world’s largest battery energy storage facility.
Harley-Davidson lures youth with electric bike
Harley-Davidson plans to lure younger buyers by its first E-bikes. The new bike, which has yet to be named, is expected to be available within 18 months.