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The policy provides for a three-pronged incentive regime that includes benefits to consumers for purchasing EVs; to manufacturers of EVs, batteries and related components; and to service providers developing charging/ swapping facilities, the release said.
Elon Musk confirmed during the conference on the new quarterly figures that Tesla’s focus is now on the development of a new platform for smaller electric cars. The goal with Tesla’s third platform, following those for the Model S/X and Model 3/Y, is to halve costs.
Buoyed by the bright prospects of the local electric passenger vehicles market, Chinese EV maker BYD is banking heavily on India. The Shenzhen-headquartered company, which entered the local passenger vehicle market last year, has set an ambitious target of becoming one of the top three players in the passenger EV segment in India by the end of the decade.
The Delhi EV Policy released in 2019 set a target of accelerated EV penetration across all vehicle segments so that 25% of all new vehicle registrations are EVs by 2024. The policy also aims to take the share of electric buses in the public transport bus fleet to 70% by 2025.
The technology has been developed by researchers from Penn State and it’s based on internal thermal modulation -- an active method of temperature control to pull the best performance possible from the battery.
On a direction from the heavy industries ministry, dozens of electric two-wheelers have been bought back from customers to pull them apart and inspect whether the manufacturers have violated the localisation rules under the government's flagship EV-promotion scheme, Faster Adoption and Manufacturing of Electric and hybrid vehicles in India (FAME-India).