Norway reached a new milestone when in September it reported that 9 out of every 10 new cars sold in the country were either fully electric or electric-hybrids. 80% of its new car sales are now fully electric and the sales are led by the Tesla Model Y, followed by the Tesla Model 3 and the Skoda Enyaq. Norway offers extensive subsidies for customers looking to buy EVs, such as the exemption from 25% value added tax (VAT), and is the only country that aims to completely ban the sales of new petrol cars by 2025. Incidentally, EVs’ surging popularity in Norway may see them capture 100% of its new car market by as early as April 2022, as predicted by the country’s road traffic information council (OVF).
India to order 300,000 e3Ws, 1,200 e-cars and 3,400 e-buses in procurement drive
India’s Convergence Energy Services Ltd. (CESL) said that it would float nationwide tenders to procure 300,000 electric three wheelers, 1,200 electric cars and SUVs and up to 3,400 electric buses as part of its drive to spur India’s EV adoption. The tenders will introduce the concept of pay-per-km, under which the bidders will price their bids by factoring in the costs for the vehicles, their servicing and their operational costs all at once. They will be bought by NBFCs and leased out to city fleets and the first 100,000 e3Ws are slated to hit the roads in the next 18-24 months.
Coal India asked to invest in EVs and charging pods
The Indian government asked Coal India — the country’s largest coal miner — to start investing in electric vehicles and EV charging pods to help diversify its business. E-mobility has been classified as a “sunrise industry” for the country and the government’s suggestion is part of the “Ministry of Coal’s Agenda for 2021-22” document. Coal India is already planning to invest in the manufacturing of solar wafers, but the latest policy decision does not specify if coal power would be used for the charging pods that Coal India would set up, or if the miner would source renewable power instead.