Recent News
EV Charging in India: Revving Up for the Future
India’s electric vehicle (EV) market is experiencing explosive growth, with charging infrastructure playing a crucial role in its widespread adoption. Here’s a roundup of the latest news and resources to keep your website visitors informed and engaged:
1. FAME-II Policy Boost: The government’s Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-II) policy received a welcome extension until March 2024, offering continued financial incentives for EV manufacturers and buyers. This is expected to further accelerate EV adoption and charging infrastructure development.
https://www.mobilityoutlook.com/news/as-ev-oems-on-the-brink-of-closure-smev-writes-to-ngt/
2. PLI Scheme for Charging Infrastructure: The government’s Production Linked Incentive (PLI) scheme for EV charging infrastructure is another big push. With an allocation of $2.4 billion, it aims to attract leading manufacturers and build 2,500 fast-charging stations across the country. This will significantly improve charging accessibility, especially on highways and in major cities.
3. Private Sector Investment: Leading energy companies like Reliance Industries and Tata Power are investing heavily in building EV charging networks. This private participation, along with government initiatives, is crucial for scaling up infrastructure and meeting the growing demand.
4. Innovative Solutions: Startups like Ather Energy and Pluggo are bringing innovative solutions to the market. Ather offers charging stations integrated with its scooters, while Pluggo provides portable charging solutions for home and workplaces. These innovative approaches cater to diverse needs and address range anxiety, a major concern for EV drivers.