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India EV Sector: Australia aims to be India s key supplier of critical minerals for the electric vehicle industry. The US, EU, and Japan also source minerals from Australia. The Australia-India Critical Minerals Investment Partnership and ECTA support India s investments in Australian minerals projects. The two countries are also working on enhancing their defence partnership, particularly in maritime domain awareness. ....
Australia aims to be India s key supplier of critical minerals for the electric vehicle industry. The US, EU, and Japan also source minerals from Australia. The Australia-India Critical Minerals Investment Partnership and ECTA support India s investments in Australian minerals projects. The two countries are also working on enhancing their defence partnership, particularly in maritime domain awareness. ....
Prime Minister Narendra Modi has urged the Indian industry to invest in battery research, specifically for solar rooftops and the EV sector. He emphasized on the need to use raw materials available in India and highlights the government s support through schemes like PLI and FAME. ....
The affordability and suitability of electric two-wheelers for short to medium-distance travel have made them a cost-effective alternative to traditional petrol scooters and motorcycles. The Indian government has shown its support for electric mobility through initiatives like the FAME II scheme, which provides subsidies and incentives for electric two-wheelers. Budgetary boosts, including reductions in customs taxes and investments in recycling, have created a favorable environment for the growth of electric two-wheelers. ....
The Indian EV market continues to expand with rising sales of electric two-wheelers (E2W). E2W sales in FY23 nearly tripled compared to FY22, reaching 7,28,054 units. However, subsidies under the FAME Scheme were reduced, leading to a slowdown in sales earlier this year. Despite this, sales are expected to surpass the previous year s figures but fall short of Niti Aayog s target. Industry players emphasize the need for continued government support, including FAME subsidies and EV tax exemptions. ....