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Express Tribune
3 days ago
- Automotive
- Express Tribune
EVs 30% target by 2030 ambitious but daunting, say automakers
Listen to article Local auto industry has termed the government's target of having at least 30% electric vehicles (EVs) by 2030 both ambitious and daunting for a financially constrained country like Pakistan. The industry also mentions that when India could not do it in 10 years despite significant financial interventions, how can Pakistan realise this in the next five years? Jamil Asghar, who has been associated with the motorcycle industry for around 35 years, said that India introduced FAME I (Faster Adoption and Manufacturing of Electric Vehicles) scheme in 2015 with an initial outlay of INR895 crore (INR8.95 billion), followed it up with FAME II in 2019 with an outlay of INR10,000 crore (INR100 billion). Then after the end of FAME II in March 2024 came Electric Mobility Promotion Scheme from April till September 2024, with INR500 crore (INR5 billion) and more recently the FAME scheme has been replaced with PM-EDRIVE (PM Electric Drive Revolution in Innovative Vehicle Enhancement) with effect from October 2024 with a total outlay of INR10,900 crore (INR109 billion). Despite spending billions of rupees, the results, however, are not that promising so far. In October 2024, the sale of two-wheelers in India was recorded at 2.1 million. Of these, only 80,850 units were electric bikes. This translates into penetration of only 3.7% for E2Ws (electric two-wheelers). During the same period, E4Ws (electric four-wheelers) constituted only 1.5% of total market as per the Federation of Automobile Dealers Association and the Society of Manufacturers of Electric Vehicles in India. In Pakistan, according to Jamil, there is an industry-wide excitement that automakers are flexing their muscles with the introduction of New Energy Vehicles (NEVs) as the industry is going through a transition phase with the induction of new entrants. "Unlike ICE (internal combustion engine) vehicles, where localisation is more than 95% for two-wheelers and around 65% for four-wheelers, the NEVs are typically being imported into Pakistan as completely knocked down (CKD) units at best and being assembled here only," he said, adding that prices of these vehicles run into tens of millions of rupees, rendering them very expensive for an average Pakistani customer. "Moreover, globally, wherever NEV uptake was recorded, it has come as a result of a hefty supply and demand-side incentives and subsidies and it immediately dips when the incentives are removed or suspended," he pointed out. Jamil said that considering exorbitant prices of NEVs and in the absence of any significant incentives from the government, which is already financially strained and resource starved, what possible fraction of masses will opt for these fancy vehicles remains to be seen. He feared that the government will direct and allocate already scarce resources for a fraction of society and to a sector whose contribution to air pollution is still unclear.
Time of India
29-05-2025
- Automotive
- Time of India
This state has over twice the EVs of Delhi or Maharashtra: Check numbers
Uttar Pradesh has over twice the EVs of Delhi or Maharashtra. When it comes to electric vehicle adoption in India, Uttar Pradesh has surged ahead of other states, and not by a small margin. With 4.14 lakh registered electric vehicles, the state has more than twice the number of EVs compared to Delhi (1.83 lakh) or Maharashtra (1.79 lakh), as noted according to an official statement released on Wednesday. This milestone not only places Uttar Pradesh at the top of the EV registration chart but also reflects its growing role as a leader in the country's e-mobility landscape. The state's proactive policies, infrastructure push, and massive adoption of e-rickshaws have made it the biggest beneficiary under the Centre's FAME I and FAME II schemes , PTI reported. A large part of UP's success comes from its Electric Vehicle Manufacturing and Mobility Policy 2022, introduced by the Yogi Adityanath-led government. The policy targets an ambitious Rs 30,000 crore investment and the creation of 10 lakh new jobs. This move is aimed at transforming the state into a global hub for EVs and battery production. Interestingly, e-rickshaws have emerged as the primary force behind UP's EV boom. These vehicles, which are widely used for local passenger and goods transport, account for 85% of the state's total EV sales. Their popularity in urban areas has helped drive large-scale EV adoption in a relatively short span of time. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Simple One review: Is this the EV to beat? | TOI Auto The state is also ramping up its EV infrastructure. Plans are already in motion to install over 300 new charging stations across 16 municipalities. Ayodhya is expected to get the largest share of these new charging points. Nationwide, India currently has around 33,000 EV chargers, but the charger-to-vehicle ratio remains far from ideal. While the global benchmark sits between 6 and 20 EVs per charger, India's ratio is still at 135, according to a study by Alvarez & Marsal. As of 2024, India has seen a significant uptick in EV adoption. Around 1.95 million electric vehicles were sold across the country this year, with daily sales averaging 5,325 units. The overall EV share in the automotive market rose to about 8%, up from 6.8% last year.
Hindustan Times
29-05-2025
- Automotive
- Hindustan Times
This state has maximum number of registered electric vehicles in India. Know more
Uttar Pradesh has 4.14 lakh registered electric vehicles, a significant higher number than Delhi and Maharashtra. Uttar Pradesh has 4.14 lakh registered electric vehicles, significantly higher than Delhi and Maharashtra. (Getty Images via AFP) Check Offers Uttar Pradesh has the maximum number of registered electric vehicles in India. The state currently has 4.14 lakh registered electric vehicles, surpassing even Delhi and Maharashtra. While Delhi has 1.83 lakh registered EVs, Maharashtra has 1.79 lakh. The electric vehicle population in these states are majorly driven by the EV policies of the respective states as well as the central government's FAME schemes. PTI has reported that Uttar Pradesh has also emerged as the biggest beneficiary of the Centre's FAME I and FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India) schemes, further bolstering its electric mobility efforts. The UP government launched its dedicated Electric Vehicle Manufacturing and Mobility Policy 2022, aimed at accelerating the adoption of EVs and building a robust charging infrastructure. With this EV policy, the UP government aims to attract an investment inflow of ₹ 30,000 crore and create 10 lakh jobs in the electric mobility sector. Also Read : Upcoming cars in India The report further states that e-rickshaws have been driving the growth of electric mobility in the state, accounting for 85 per cent of the electric vehicle sales in Uttar Pradesh. Recently, the UP government said it has approved the installation of over 300 new EV charging stations across 16 municipal bodies. Ayodhya, a rapidly growing tourist destination, is expected to see the highest number of new electric vehicle charging points. The state government has also prioritised the development of additional electric vehicle fast charging stations and the upgrading of existing facilities, claimed the report, while also stating that India currently has around 33,000 EV chargers, of which 35 per cent are fast chargers. According to a study by Alvarez & Marsal, India could have 102 million electric vehicles on the road by 2030, becoming a major player in the global electric mobility map. It also claims that the current EV-to-public charge ratio in India stands at 135, which is far above the global average of 6-20. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 29 May 2025, 07:17 AM IST
Time of India
29-05-2025
- Automotive
- Time of India
UP has maximum number of registered EVs
Uttar Pradesh has maximum number of registered electric vehicles in the country at 4.14 lakh, surpassing even Delhi and Maharashtra, an official statement said on Wednesday. While Delhi has 1.83 lakh registered EVs, Maharashtra has 1.79 lakh. Uttar Pradesh has also emerged as the biggest beneficiary of the Centre's FAME I and FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India) schemes, further bolstering its e-mobility efforts, according to the statement. The Yogi Adityanath government launched the Electric Vehicle Manufacturing and Mobility Policy 2022, aimed at accelerating EV adoption, and building a robust charging infrastructure. This has helped establishing Uttar Pradesh as a global hub for EV and battery manufacturing. "The policy aims to attract an investment inflow of Rs 30,000 crore and create 10 lakh jobs, setting the stage for transformative growth in the state's electric vehicle (EV) ecosystem," the statement said. "A key driver of this momentum is the widespread popularity of e-rickshaws, which now account for 85 per cent of electric vehicle (EV) sales in the state. These vehicles have proven highly effective for passenger and goods transport, particularly in urban areas," it added. In line with its focus on infrastructure, the UP government said it has recently approved the installation of over 300 new EV charging stations across 16 municipal bodies. "Ayodhya, a rapidly growing tourist destination, is expected to see the highest number of new charging points. India has around 33,000 EV chargers, of which 35 per cent are fast chargers. Given the rising demand, Chief Minister Yogi Adityanath has prioritised the development of additional fast-charging stations and the upgrading of existing facilities," it said. Projections suggest that India could have 102 million EVs by 2030. The current EV-to-public-charger ratio in India stands at 135, far above the global ideal of 6 to 20, as per a study by Alvarez & Marsal.
Time of India
28-05-2025
- Automotive
- Time of India
UP has maximum number of registered EVs
Uttar Pradesh has maximum number of registered electric vehicles in the country at 4.14 lakh, surpassing even Delhi and Maharashtra, an official statement said on Wednesday. While Delhi has 1.83 lakh registered EVs, Maharashtra has 1.79 lakh. Uttar Pradesh has also emerged as the biggest beneficiary of the Centre's FAME I and FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India) schemes, further bolstering its e-mobility efforts, according to the statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo The Yogi Adityanath government launched the Electric Vehicle Manufacturing and Mobility Policy 2022, aimed at accelerating EV adoption, and building a robust charging infrastructure. This has helped establishing Uttar Pradesh as a global hub for EV and battery manufacturing. Live Events "The policy aims to attract an investment inflow of Rs 30,000 crore and create 10 lakh jobs, setting the stage for transformative growth in the state's electric vehicle (EV) ecosystem," the statement said. "A key driver of this momentum is the widespread popularity of e-rickshaws, which now account for 85 per cent of electric vehicle (EV) sales in the state. These vehicles have proven highly effective for passenger and goods transport, particularly in urban areas," it added. In line with its focus on infrastructure, the UP government said it has recently approved the installation of over 300 new EV charging stations across 16 municipal bodies. "Ayodhya, a rapidly growing tourist destination, is expected to see the highest number of new charging points. India has around 33,000 EV chargers, of which 35 per cent are fast chargers. Given the rising demand, Chief Minister Yogi Adityanath has prioritised the development of additional fast-charging stations and the upgrading of existing facilities," it said. Projections suggest that India could have 102 million EVs by 2030. The current EV-to-public-charger ratio in India stands at 135, far above the global ideal of 6 to 20, as per a study by Alvarez & Marsal.
