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Tag: Electric vehicles

  • E-Vehicle Parade In Delhi This October – Are You Ready To Go Electric? | Auto News

    Delhi E-Vehicle Parade: The Delhi environment department will host an ‘e-vehicle parade’ at Rajghat in early October, aimed at promoting the adoption of electric vehicles (EVs) in the capital. According to the officials, the event is expected to see participation from over 500 EV owners, with a registration link for interested owners to be announced shortly.

    A senior official from the environment department said that a tender for the event, estimated to cost around Rs 5.76 lakh, has been floated, with bids open until September 30. The parade will take place within five days of awarding the tender.

    “The primary objective is to promote EV usage in Delhi and raise awareness about their benefits. We encourage as many EV owners as possible to join the parade,” an official said. “Transitioning to electric vehicles will contribute to reducing vehicular pollution in the capital,” the official stated.

    Environment Minister Gopal Rai, who has resumed his role after the recent cabinet reshuffle, emphasised the government’s commitment to tackling air pollution in the coming months.

    “The biggest challenge during winter is to reduce pollution levels. We have already held meetings with 33 departments to strategise on this issue,” Rai said.

    “Today (23 Sept, 2024), I will meet the chief secretary to discuss further suggestions. The Winter Action Plan is ready and will be launched on September 25 instead of the 27th due to the Assembly session,” Rai said.

    Rai also expressed confidence that, with collaborative efforts, pollution levels in Delhi could be reduced significantly throughout the year, aiming for similar results during the winter months.

    Delhi Electric Vehicle Polic

    In August 2020, the Delhi government introduced its EV Policy, which offers subsidies to EV buyers and aims to ensure that by 2024, one in every four newly registered vehicles in the city will be electric.

  • Tata Motors Reaffirms Long-Term Confidence In EV Segment Despite Sales Dip | Auto News

    Electric Vehicles In India: Tata Motors on Wednesday said it remains confident about the long-term prospects of the electric vehicle segment and termed the fall in sales numbers a “short-term” issue. Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicle and Tata Passenger Electric, said “EV industry is a part of the larger PV trend that we are seeing of overall demand stress, which I would say is of a temporary nature.” The good thing is that inquiries and bookings are holding well, he said.

    There was a very high base effect of the first quarter also, he said, and added that “therefore there’s a larger industry trend also impacting (the sales) but primarily EV has come down because of the fleet segment.” 

    “So, I don’t see an issue from a mid-to-long term as far as EVs are concerned,” Chandra said. The passenger electric vehicle sales for Tata Motors and other OEMs have been on a declining trend for the last four months.

    According to automobile dealers’ body FADA, passenger electric vehicle sales in July dipped 2.92 per cent year-on-year to 7,541 units from 7,768 units in the same month last year, with market leader Tata Motors seeing a 12 per cent decline at 4,775 units as against 5,471 passenger electric cars retailed in July 2023.

    He said that the personal segment is absolutely stable in demand but the fleet segment came down completely in the first quarter because of the pre-buying in the March quarter due to the discontinuation of the FAME-11 scheme, which is 20 per cent of our total sales.

    “That was the whole reason and there is a high-base effect of last year,” he added. Chandra said that the barriers which existed two years back when the EVs were growing at 100-200 per cent, were much higher as compared to now from a charging, price or range anxiety perspective.

    Today there are 15,000-16,000 EV charges on the highways as compared to a few hundred that were there earlier, Chandra said. “So why there should be any concern,” he said.

    “So I believe that it’s a short-term issue and we should not bother too much about (the declining sales numbers). The long-term trend has to be EV and therefore one should be very confident and focused on that,” he said while referring to a 12 per cent year-on-year decline in EV sales in July 2024.

    Chandra said that the regulations are also being framed in a manner that promotes the EV industry. He said that hopefully the FAME-III incentives should also be able to accommodate and continue what was in the earlier version of the scheme in terms of the category of vehicles.

    Tata Motors’ passenger electric portfolio now comprises Tiago EV, Tigor RV, Punch EV, Nexon, and Curvv EV. Moreover, EV sales account for 12 per cent of the company’s total sales. Chandra said that the company is looking to achieve one-lakh electric vehicle sales this financial year.

  • Electric Vehicle Sales Rose 55.2% To 1.79 Lakh Units In July: FADA | Auto News

    Electric Vehicle Sales In July 2024: Electric vehicle sales registered a 55.2 per cent year-on-year growth at 1,79,038 units in July driven by a massive 96 per cent jump in e-two-wheeler sales, automobile dealers’ body FADA said on Tuesday. The total electric vehicle sales for July 2023 were at 1,16,221 units, according to the monthly sales data from Federation of Automobile Dealers’ Association (FADA).

    The electric two-wheelers sales during the previous month stood at 1,07,016 units, up 95.94 per cent, from 54,616 units sold in July last year, while the electric three-wheeler sales grew 18.18 per cent at 63,667 units, from 58,873 units year earlier, as per FADA.

    The commercial vehicle sales during the reporting month was also on an upward trajectory, growing two-fold on a year-on-year basis to 816 units, from 364 commercial vehicles sold in July 2023, it stated.

    Passenger vehicles, however, declined 2.92 per cent at 7,541 units in July, as against 7,768 units in the same month of last year, as per data.

    “The rising market share in the 2W and 3W EV segments for July 2024, with YoY growth rates of 95.94 per cent and 18.18 per cent respectively, and a market share of 7.4 per cent and 57.6 per cent, respectively for the month, is a clear indication of the growing acceptance and demand for electric vehicles in India,” FADA President Manish Raj Singhania said.

    The PV segment, while showing a marginal year-on-year decline of 2.92 per cent, maintains a market share of 2.4 per cent, Singhania said, adding that the CV segment has shown remarkable growth with a year-on-year increase of 124.2 per cent and a current (July) market share of 1.02 per cent.

    The combination of attractive discounts and the anticipation of the discontinuation of the EMPS (Electric Mobility Promotion Scheme), despite its extension, has significantly boosted sales, he said.

    Announced by the Ministry of Heavy Industries in March, for a four months period-April 1,2024 to July 31,2024 to boost the adoption of EVs across the country with a total outlay of Rs 500 crore, the EMP scheme has now been extended by September 30, while the scheme’s outlay has also been increased to Rs 778 crore.

  • IIT Bombay Develops Method To Optimise Components In Fuel Cell Electric Vehicles | Auto News

    Fuel Cell Electric Vehicles Technology: The Indian Institute of Technology (IIT) Bombay on Tuesday said it has developed an optimisation method for determining the required weight and size distribution of components in fuel cell electric vehicles (FCEVs). The new method can optimise the weight, cost, and range of FCEVs by recommending the optimal size for the radiator and a thermal energy storage (TES) unit, increasing their efficiency and helping expedite commercialisation, IIT Bombay said in a statement.

    Electric vehicles have gained popularity and are considered the future of green mobility and a cleaner alternative to fossil fuels. According to IIT Bombay, unlike battery electric vehicles (BEVs), which need charging, FCEVs run on fuel cells, and are referred to as zero-emission vehicles, because the only by-product from the engine is water vapour.

    However, a fuel cell generates excess heat that requires large radiators for cooling, which increases vehicle size and weight, it stated. To address this issue, IIT Bombay’s Prof Prakash C Ghosh and Nadiya Philip proposed a new thermal management system using paraffin wax as the phase change material (PCM) to store thermal energy.

    It allows reduction in radiator size and maintains a constant temperature for the coolant, improving vehicle performance, it said. The method combines EES and TES to calculate the ideal sizes of each component, namely, the radiator, fuel cell, EES, and TES systems.

    The team used a mathematical technique called pinch analysis to determine the ideal sizes for these components. The researchers have estimated that the proposed method can allow a reduction in the radiator size in heavy-duty vehicles like trucks by almost 2.5 times by simply optimising the sizes of the parts, the statement said.

    This method can aid in the design of more efficient and cost-effective cooling systems in such vehicles, it said.

  • BIS Introduces New Safety Standards For Electric Vehicles; Check Details | Auto News

    The Bureau of Indian Standards (BIS), operating under the Ministry of Consumer Affairs, Food & Public Distribution, has unveiled two new safety standards for electric vehicles (EVs). These standards, IS 18590: 2024 and IS 18606: 2024, aim to enhance the safety of EVs by ensuring their critical components, particularly the powertrain, adhere to stringent safety requirements.These measures are essential for maintaining the efficiency and safety of electric vehicles, which rely heavily on reliable powertrain and battery systems.

    Coverage of Electric Vehicle Categories

    IS 18590: 2024 and IS 18606: 2024 apply to electric vehicles in the L, M, and N categories, covering a broad spectrum of EV types. This initiative marks a significant step towards reinforcing the reliability and safety of electric powertrains and batteries, which are crucial for the efficiency and security of EVs.
    Special Standards for E-Rickshaws and E-Karts
    Recognizing the increasing popularity of e-rickshaws and e-karts in India, BIS has also introduced IS 18294: 2023. This standard is specifically designed to address the safety needs of these vehicles, covering various aspects from construction to functionality. The goal is to ensure comprehensive safety measures for both drivers and passengers.

    With the introduction of these new standards, BIS now has a total of 30 Indian standards dedicated to electric vehicles and their accessories, including charging systems. This extensive set of standards is a crucial component of India’s transition towards a more sustainable, environmentally friendly, and efficient transportation system.

  • Citroen Collaborates With OHM E Logistics, To Supply 1,000 Units Of e-C3 EVs

    The two companies have signed a Memorandum of Understanding (MoU) to introduce the e-C3 into the electric shared mobility services of OHM E Logistics and the 1,000 units of Citroen e-C3 will be delivered over 12 months.
     

  • The ‘No. 1 query’ Ark Make investments’s Cathie Wooden will get on her website online

    The preferred query on Ark Make investments’s website online has not anything to do with making an investment within the U.S., consistent with the company’s CEO and Leader Funding Officer Cathie Wooden.

    “The No. 1 query on our website online as we monitor those questions is: Why cannot we purchase your methods in Europe?” the tech investor advised CNBC’s “ETF Edge” this week.

    Wooden’s company expanded its publicity to Europe remaining month by means of obtaining the Rize ETF Restricted from AssetCo.

    “We discovered this little gem of an organization inside AssetCo, which philosophically and from a DNA point-of-view, may be very similar to Ark,” Wooden stated. “They know what is of their portfolios. They are very targeted at the long run, thematically orientated. They do have a sustainable orientation, which is really very important in Europe.”

    She speculates 25% of overall call for for Ark’s analysis methods comes from Europe.

    “We are extraordinarily inspired with the standard in their [Rise ETF] personal analysis and due diligence,” Wooden stated. “We noticed it all through the deal, and I feel we are going to hit the bottom working if the regulators approve our methods there. And, after all, we would love to distribute their methods right through the sector together with the United States.”

    Wooden’s company has round $25 billion in belongings beneath control, consistent with the company. As of Sept. 30, FactSet reviews Ark’s best 5 holdings are Tesla, Coinbase, UiPath, Roku and Zoom Video.

  • Tesla’s China EV gross sales fall 11%

    The brand new Tesla Fashion 3+ is on sale at a Tesla retailer in Hangzhou, Zhejiang province, in China, on Sept. 26, 2023.

    Costfoto | Nurphoto | Getty Photographs

    Tesla inventory used to be down about 2% Monday morning however recovered later within the day as the remainder of the marketplace rallied. Stocks took a small hit after a record printed Sunday by way of the China Passenger Automobile Affiliation stated gross sales of the corporate’s China-made electrical automobiles diminished 10.9% yr over yr for the month of September.

    The record stated the U.S. automaker bought 74,073 China-made EVs all over the month. Gross sales for the Fashion 3 and Fashion Y automobiles made in China have been down 12% from August to September. Tesla exports lots of the vehicles it makes in China.

    Tesla didn’t instantly reply to CNBC’s request for remark.

    Information of Tesla’s gross sales dip comes every week after the corporate introduced third-quarter automobile deliveries that got here in underneath deliveries and manufacturing from the former quarter.

    “A sequential decline in volumes used to be brought about by way of deliberate downtimes for manufacturing unit upgrades, as mentioned on the latest profits name,” the corporate stated. “Our 2023 quantity goal of round 1.8 million automobiles stays unchanged.”

    The corporate slashed costs for a few of its Fashion 3 and Fashion Y automobiles within the U.S. on Oct. 6.

    Tesla will record third-quarter profits on Oct. 18.

  • Why superyacht developers are making an investment in photo voltaic

    Early tech adopters are making an investment in a brand new toy: solar-powered electrical yachts.

    Around the globe superyachts are already a must have for these days’s wealthy and well-known. There are some 5,555 of them navigating the arena’s oceans and seas, consistent with SuperYacht Occasions’ State of Yachting Record.

    New patrons are overwhelmingly American, with the record discovering that 30% come from North The united states.

    Whilst glamorous, the boating trade takes an enormous toll at the setting, freeing carbon dioxide, nitrogen oxides and sulfur oxides into our air and waterways. 

    To mitigate the environmental affect, some vessels have began adopting electrical energy assets. In Sweden, ForSea Ferries transformed two 364-foot ferries from diesel engines to battery-powered variations. Alternatively, every ferry has 640 batteries that weigh just about 200 kilos every, considerably expanding the load of the vessels. 

    By contrast, some corporations have applied solar-powered programs, which might doubtlessly scale back that over the top weight. The marketplace for solar-powered boats is projected via Allied Marketplace Analysis to develop 14% via 2031 to $2.4 billion. 

    Mike Horn, a certified explorer and adventurer who has traveled to the North Pole on a trimaran crusing vessel, is a proponent of this kind of trendy shipbuilding. 

    “Electrical yachts are the brand new technology of yachting,” he mentioned. “I consider electrical yachts and electrical motors would be the primary propulsion of enjoyment yachts or even shipment vessels within the close to long run.”

    Silent Yachts, primarily based in Austria, and Poland’s Sunreef Yachts are two corporations main the improvement of this new generation.

    Each corporations use a an identical generation, during which the photo voltaic panels harvest power from the solar to recharge the battery. The lithium batteries additionally energy onboard prerequisites like air con and lighting fixtures. Within the tournament that the solar is not sturdy sufficient, every vessel has a backup diesel generator that robotically recharges the battery.

    “After we began development those yachts, many different boat developers instructed us there’s no want for any such yacht,” mentioned Silent Yachts CEO and co-founder Michael Köhler. “Everyone is aware of that it isn’t a distinct segment anymore. It’s the new mass marketplace.”

    Silent Yachts builds yachts from the bottom up and steadily refers to itself because the “Tesla of the seas.” Köhler, along his spouse Heiki, based the corporate in 2009. Since then, it is delivered just about 20 absolutely electrical yachts and lately has over 30 in manufacturing in its shipyards in Italy and Turkey. 

    The corporate says it has an order ebook of 160 million euros ($168 million), with costs starting from 3.2 million euros for its 60-foot yacht to 30 million euros for the absolutely supplied model of its 120-foot vessel.

    “We have now the following technology of photo voltaic panels coming to the marketplace, the following technology of electrical batteries coming to the marketplace, and the following technology of electrical motors,” mentioned Stephan Kress, leader innovation officer at Silent Yachts. “The benefit, which is already there, of electrical yachting will change into larger and larger.” 

    Sunreef has been development yachts for over twenty years and its shoppers come with celebrities like tennis celebrity Rafael Nadal and Formulation One driving force Fernando Alonso. The corporate accommodates built-in photo voltaic panels into its yachts, which it calls a “distinctive” characteristic. 

    “The objective of the photo voltaic panel used to be so to combine them into the entire construction of the boat,” mentioned Nicola Lapp, Sunreef co-founder and leader generation officer. “The photo voltaic panel on our boat will also be positioned any place, even on curved surfaces at the hull facet.”

    Sunreef has two shipyards in Gdansk, Poland, and a 3rd within the Emirate of Ras Al Khaimah, the place it says it has round 60 yachts in manufacturing. It does nearly all of its manufacturing in-house, together with making its personal photo voltaic panels.

    “The associated fee vary in point of fact is determined by the customization of the yacht,” mentioned Lapp. “The smallest boat is round 1.5 million euros and at the higher vary there in point of fact isn’t any prohibit. The costliest boat that we’ve got bought is round 60 million euros.”

    Thus far, the corporate says it has constructed over 300 yachts, with 30 being absolutely electrical, and part of present manufacturing is both electrical or a hybrid eco type. 

    The most important characteristic of the brand new generation, consistent with each Silent Yachts and Sunreef, is the relative simplicity of its day by day repairs.  

    “They do not have any transferring portions,” mentioned Kress. “The electrical motors, they’re repairs unfastened. The one issues that you would have to handle at the boat are warmth exchangers and the backup generator, which could be very restricted.”

    However, the generation does pose demanding situations for firms taking a look to undertake it for massive industrial vessels like shipment or cruise ships.

    “We predict there’s a candy spot for photo voltaic electrical boats between 50 and 120 toes,” mentioned Kress. “As soon as you’re making the boats so much larger, the benefit of photo voltaic diminishes as a result of you may have a restricted quantity of energy.”

    Horn, the explorer, added that electrical yachts “do have their position” out there.

    “However that selection power assets, like hydrogen, would be capable of permit our vessel to move additional,” he mentioned.

  • Tesla cuts Fashion 3 and Fashion Y costs within the U.S. after automobile deliveries fall

    A Tesla dealership in Colma, California, U.S., on Wednesday, Jan. 26, 2022.

    David Paul Morris | Bloomberg | Getty Pictures

    Tesla minimize the cost of some Fashion 3 and Fashion Y variations within the U.S. after the corporate reported third-quarter deliveries that ignored marketplace expectancies.

    The beginning value for the Fashion 3 is indexed at $38,990 on Tesla’s web page, down from $40,240 in the past. The lengthy vary Fashion 3 fell from $47,240 to $45,990. And the Fashion 3 Efficiency fell to $50,990 from $53,240.

    Tesla’s Fashion Y Efficiency sports activities software automobile now begins at $52,490, down from a prior value of $54,490.

    Starting on the finish of final 12 months, Tesla started slicing the costs of its automobiles internationally in a bid to stoke call for amid considerations over slowing client spending in markets just like the U.S. and China and as pageant within the electrical automobile area ramped up.

    Tesla often tinkers with the cost of its automobiles, particularly in its largest markets of the U.S. and China.

    However the most recent spherical of value cuts comes simply days after Tesla reported third-quarter deliveries of 435,059 automobiles, lacking analyst expectancies and staining a decline from the former quarter.

    Tesla put the autumn right down to manufacturing facility upgrades which led to production websites to have downtime.

    Elon Musk, CEO of Tesla, has made no secret of the carmaker’s want to chase upper quantity over larger margins this 12 months.

    Thus far, that has paid dividends for the inventory with stocks up over 100% this 12 months.

    Tesla continues to be having a look to ship 1.8 million automobiles this 12 months.