EVs

The ministry of heavy industries, in consultation with the ministry of power, has slashed the costs of these EV chargers, also known as EV supply equipment (EVSE), from the earlier 2022 benchmarks. Earlier, a 50kW charger cost ₹7.28 lakh, while the new benchmark for a 60kW charger is ₹3.4 lakh.

U.S. consumers will soon be seething with envy at the price cuts across the border, Clifford Winston writes in a guest commentary.

U.S., European Union and Mexico try to quash accelerating demand for China's hottest electric vehicles.

The phased withdrawal of China's export rebates and rising lithium costs threaten to push up battery prices for Indian electric vehicle makers.

The ministry of heavy industries, the nodal agency for the PLI scheme, has sought inputs from the Society of Indian Automobile Manufacturers on including companies such as Ather Energy, River Mobility and Euler Motors in the ₹25,938-cr programme, which received the Union Cabinet's approval in 2021.

The Indian government plans to introduce a 21-digit Battery Pack Aadhaar Number (BPAN) for electric vehicle batteries, enhancing traceability and providing vital information about battery health and origin, benefiting manufacturers, owners, and financiers.

The funds will largely be from international backers and existing investors, in what could be its first round with institutional participation, chief executive Suhas Rajkumar told Mint.The Simple Ultra scooter, launched on Monday, has a claimed range of 400 km.

Sidbi and Nabard will likely channel funds to NBFCs, lowering EMIs and extending repayment periods for private e-bus operators, as lenders remain cautious after BluSmart's collapse.

While some carmakers bat for government support, experts question the logic, as range-extended EVs will at best play a transitional role.