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From Petro to Electro: How prepared is India to ride the energy transition wave?

From Petro to Electro: How prepared is India to ride the energy transition wave?
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Government extends validity of FAME II certificate

Government extends validity of FAME II certificate Updated Apr 13, 2021 | 17:28 IST | Team Times Drive The Department of Heavy Industry on Monday extended by one year the eligibility certificates issued by testing agencies and approvals for electric vehicles that were valid till March 31, 2021. Government extends validity of FAME II certificate  Society of Manufacturers of Electric Vehicles (SMEV) on Tuesday welcomed the government s move to extend the validity of the FAME II certification for one year. The Department of Heavy Industry on Monday extended by one year the eligibility certificates issued by testing agencies and approvals for electric vehicles given by the National Automotive Board (NAB) and DHI that were valid till March 31, 2021. Originally, manufacturers were required to submit re-validation certificates for availing of demand incentives under the FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric V

India s new power trip: Electric vehicles rule the roost, emerge as new ethical and popular choice- The New Indian Express

It is fast, does not cough poison, and costs little to keep going. It is the electric car, autophiles, and there is one or more for every pocket and every road. Elon Musk, the futuristic billionaire spearheading the electric car revolution, would be bemused to learn that the Tata-owned automobile giant Jaguar is launching I-Pace, the company’s first electric car in India at double the price of a Tesla. In 2020, four long-range EV models were launched in the country, with the Tata Nexon and the MG ZS EV marking the lower end of the price spectrum, the Hyundai Kona and the Mercedes-Benz EQC the middle and high-end, respectively. Currently, there are eight EVs available in India; the I-Pace that costs between Rs 1.05-1.12 crore, Mercedes-Benz EQC for Rs 1.04 crore, and the Hyundai Kona Electric priced between Rs 23.75-23.94 lakh. 

TeamLease estimates EV charging stations to create 10,000-12,000 jobs

The momentum electric vehicles (EVs) are gaining in India will necessitate setting up of charging stations across the country. This is expected to throw open service jobs as the need for adjacent functions such as charging and repairing catch up with the increasing population of EVs on the road. Starting from the third quarter of FY22, TeamLease Services, a manpower consulting firm, estimates setting up of charging stations alone will create 10,000-12,000 jobs. “At least four metros and four cosmopolitan cities are likely to have 60 charging stations each in the first phase. This will create at least 10,000 to 12,000 jobs,” says Sudeep Sen, Business Head, Industrial Manufacturing and Engineering & General Staffing, TeamLease. TeamLease’s Sen said with the EV companies that have recently announced their market entry plans and the incumbents looking to ramp up production, the recruitment drive by EV companies is expected to kick-start over the next three to four months.

Can Tesla s entry into India power up its struggling electric vehicle market?

Can Tesla s entry into India power up its struggling electric vehicle market?
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