India Offers US$2,200 In Tax Incentive On Electric Car Purchase
The Indian government has finally taken a concrete measure to boost sales of electric cars in the private sector.
The Indian government has finally taken a concrete measure to boost sales of electric cars in the private sector.
The Indian government is planning to give another try at promoting the manufacturing of solar cells in the country. The Indian finance minister announced some important measures to attract investment into this and other energy-related sectors.
The electric mobility subsidiary of Uber’s Indian competitor Ola Cabs has just landed fresh funding from SoftBank, in the second major fundraising exercise completed by the company.
The Indian government has formally proposed amendments to the country’s transport regulations to include incentives for electric vehicles.
India’s largest state, by population, has issued the country’s first-ever expression of interest document to gauge the mood of companies to set up a widespread electric vehicle charging infrastructure in the state.
The first electric vehicle charging station in a public area has been installed in India’s capital city Delhi. Along with the charging station, a mobile phone application has also been launched to help electric vehicle users.
The Indian government plans to incentivize cities to include electric buses to their public transport fleet through financial subsidies.
The Indian government is reportedly planning to mandate cab aggregation services to have minimum percentage of their fleet as electric cars.
Bengaluru-based Ather Energy raised a total of $51 million in the latest funding round from multiple investors. Sachin Bansal, the co-founder of one of India’s largest e-commerce website Flipkart, invested $32 million. One of India’s leading two-wheeler manufacturers, Hero MotoCorp converted $19 million debt into equity.
The International Renewable Energy Agency (IRENA) has issued a new report, entitled Renewable Power Generation Costs in 2018. The report finds India as the country with lowest installation cost for solar PV power plants. IRENA has compared costs for 19 countries with large solar PV installed capacities.