Electric vehicle india 2019 news
Here are some key news and updates related to electric vehicles in India in 2019:
Government Initiatives:
- FAME II Scheme: The Indian government launched the FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme in April 2019, with a budget of ₹10,000 crore (approximately $1.4 billion) to promote the adoption of electric vehicles in the country.
- Electric Vehicle Policy: Several states in India, including Maharashtra, Karnataka, and Telangana, announced their own electric vehicle policies in 2019, offering incentives such as subsidies, tax exemptions, and relaxed regulations.
Electric Vehicle Sales:
- Record Sales: Electric vehicle sales in India reached a record high in 2019, with over 22,000 units sold in the first half of the year, according to data from the Society of Manufacturers of Electric Vehicles (SMEV).
- Growth Rate: The electric vehicle market in India grew by over 100% in 2019, with a total of 44,000 units sold in the year, according to a report by research firm, ICRA.
New Electric Vehicle Launches:
- Tata Nexon EV: Tata Motors launched the Nexon EV, an electric version of its popular Nexon compact SUV, in September 2019.
- Hyundai Kona Electric: Hyundai Motor India launched the Kona Electric, a fully electric subcompact crossover, in July 2019.
- MG ZS EV: MG Motor India launched the ZS EV, a fully electric compact SUV, in January 2019.
Charging Infrastructure:
- Charging Station Network: The Indian government launched a public charging station network, called the "Tender for Setting up of Public Charging Stations", in August 2019, with a target of setting up 10,000 charging stations across the country.
- Private Charging Initiatives: Several private companies, including oil marketing companies like Indian Oil and Hindustan Petroleum, launched their own charging station networks in 2019.
Other Developments:
- Electric Bus Adoption: Several cities in India, including Delhi, Mumbai, and Bengaluru, launched electric bus services in 2019, with a total of over 1,000 electric buses on the roads.
- Electric Two-Wheeler Sales: Electric two-wheeler sales in India grew by over 50% in 2019, with a total of over 1.5 lakh units sold in the year, according to data from the Society of Manufacturers of Electric Vehicles (SMEV).
These are just a few of the key news and updates related to electric vehicles in India in 2019. The year saw significant growth in electric vehicle sales, new launches, and government initiatives to promote the adoption of electric vehicles in the country.