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electric-vehicles

India's commitment to its 2030 EV target is spurring action from the private sector

Govt. in talks with 50 companies to meet 2030 target

Indian companies are preparing for huge government investments for its 2030 electric vehicle mission, which includes investments into batteries, three-wheelers and cars, and charging infrastructure worth thousands of crores.

Officials have held discussions with over 50 companies – domestic and foreign – for setting up charging infrastructure. Ola and several local taxi aggregators are considering bulk purchases of electric three-wheelers and e-rickshaws. Tata Power, ABB, ACME Cleantech and a few Dutch firms are considering setting up charging stations, while Exide, Amron and Microtek may supply batteries.

Tata Power plans to partner with Delhi Metro and Municipal Corporation of Delhi to set up charging stations. State-run NTPC and Power Grid Corp. are in talks to set up charging stations in over half a dozen cities. The government also plans to buy electric threewheelers, electric-rickshaws and electric buses.

Meanwhile, Alstom commenced production of electric engines at its facility in Bihar’s Madhepura – a year ahead of schedule. Indian Railways plan to buy 800 electric locomotives for Rs 19,904 crore from the Alstom.

Paradigm shifts: GM, Ford, Shell and all-EV Paris

American firms GM and Ford plan to expand to EVs, as General Motors will add at least 20 EVs to its product line-up by 2023, followed by Ford’s plans to launch 13 EV models. Paris wants to rid itself of fossil fuelled cars by 2030. Shell has bought EV charging pioneer NewMotion to roll out electric car charging points at most of its 45,000 service stations worldwide, and the deal is the biggest push yet by ‘Big Oil’ into the EV sector.

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