Latest news with #PME-DriveScheme
Time of India
3 days ago
- Automotive
- Time of India
Electric two-wheelers in India: the affordable choice over petrol bikes
If you're still riding a petrol two-wheeler in India, you might be paying more than you need to. A new report by the Council on Energy, Environment and Water (CEEW) finds that electric two-wheelers are already the most affordable ride on the road—costing just ₹1.48 per kilometre, compared to ₹2.46/km for petrol models. That's not a small difference—it's a financial win for millions of Indian riders, from students to gig workers and city commuters. And with India expected to see over 350 million two-wheelers by 2050 (nearly 70% of the automobile market), that cost advantage could have a massive impact on both household budgets and national fuel use. EVs take the lead The CEEW report highlights how electric vehicles, especially two- and three-wheelers, are already cost-competitive across key segments. In the case of two-wheelers, the numbers speak for themselves: Electric two-wheelers: ₹1.48/km Petrol two-wheelers: ₹2.46/km Beyond the fuel savings, EVs come with lower maintenance costs, longer lifespan, and growing support through governtment subsidies and incentives like the PM E-Drive Scheme. "Electric vehicles (EVs) are already cost-competitive across key segments—especially two- and three-wheelers, taxis, and private cars in states with supportive EV policies," said the report. Why this matters: Cleaner, cheaper, smarter With a growing push toward cleaner energy and reduced oil dependency, the affordability of EVs could become a powerful lever for change—especially in cities like Mumbai, Delhi, Pune, Bengaluru, and Ahmedabad, where vehicle density is highest. To make the most of this shift, CEEW recommends a three-pronged approach: expanding EV charging infrastructure , particularly in urban and peri-urban areas; improving financing models—such as EMIs or battery rental options—to make electric vehicles more accessible; and bridging data gaps through platforms like the VAHAN portal to enable smarter, more targeted policy and planning at the district level. "India's transport sector is grappling with a trifecta—energy security, congestion, and emissions. We need walkable, efficient, low-carbon urban transport systems," said Dr Himani Jain, Senior Programme Lead, CEEW. A massive market on the move In addition, the report noted that India's love affair with two-wheelers isn't ending anytime soon. By 2050, the number of two-wheelers on Indian roads is expected to soar to over 350 million, comprising nearly 70% of all vehicles in the country. This projection is based on GDP and population growth trends, and it underscores the central role of two-wheelers in India's transport ecosystem—especially in northern and western states like Uttar Pradesh, Maharashtra, and Gujarat
Time of India
3 days ago
- Automotive
- Time of India
Still riding petrol? Electric two-wheelers cost you just Rs 1.48/km, study says
If you're still riding a petrol two-wheeler in India, you might be paying more than you need to. A new report by the Council on Energy, Environment and Water (CEEW) finds that electric two-wheelers are already the most affordable ride on the road—costing just ₹1.48 per kilometre, compared to ₹2.46/km for petrol models. That's not a small difference—it's a financial win for millions of Indian riders, from students to gig workers and city commuters. And with India expected to see over 350 million two-wheelers by 2050 (nearly 70% of the automobile market), that cost advantage could have a massive impact on both household budgets and national fuel use. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo EVs take the lead The CEEW report highlights how electric vehicles, especially two- and three-wheelers, are already cost-competitive across key segments. In the case of two-wheelers, the numbers speak for themselves: Live Events Electric two-wheelers : ₹1.48/km Petrol two-wheelers : ₹2.46/km Beyond the fuel savings, EVs come with lower maintenance costs, longer lifespan, and growing support through governtment subsidies and incentives like the PM E-Drive Scheme. "Electric vehicles (EVs) are already cost-competitive across key segments—especially two- and three-wheelers, taxis, and private cars in states with supportive EV policies," said the report. Why this matters: Cleaner, cheaper, smarter With a growing push toward cleaner energy and reduced oil dependency, the affordability of EVs could become a powerful lever for change—especially in cities like Mumbai, Delhi, Pune, Bengaluru, and Ahmedabad, where vehicle density is highest. To make the most of this shift, CEEW recommends a three-pronged approach: expanding EV charging infrastructure , particularly in urban and peri-urban areas; improving financing models—such as EMIs or battery rental options—to make electric vehicles more accessible; and bridging data gaps through platforms like the VAHAN portal to enable smarter, more targeted policy and planning at the district level. "India's transport sector is grappling with a trifecta—energy security, congestion, and emissions. We need walkable, efficient, low-carbon urban transport systems," said Dr Himani Jain, Senior Programme Lead, CEEW. A massive market on the move In addition, the report noted that India's love affair with two-wheelers isn't ending anytime soon. By 2050, the number of two-wheelers on Indian roads is expected to soar to over 350 million, comprising nearly 70% of all vehicles in the country. This projection is based on GDP and population growth trends, and it underscores the central role of two-wheelers in India's transport ecosystem—especially in northern and western states like Uttar Pradesh, Maharashtra, and Gujarat
Time of India
02-06-2025
- Automotive
- Time of India
PM E-Drive halfway down the road for 2 & 3-wheelers: HD Kumaraswamy
New Delhi: The PM E-Drive scheme , which seeks to accelerate the adoption of electric vehicles, has so far achieved nearly 50per cent of its targets for two- and three-wheeler sales, said union steel and heavy industries minister HD Kumaraswamy . At 155,085 units, more than 75per cent of the target for the sale of large electric three-wheelers has already been achieved as of May 30, the minister said. Under the electric two-wheeler category, 1,198,707 units have been sold, meeting 48per cent of the scheme target so far, he told ET in an interview Sunday, adding that this scheme is routinely being reviewed to address any concerns. The scheme, started in September 2024, will run till March 2026. The minister also said steps are being taken to improve project execution by state-run Bharat Heavy Electricals Ltd ( BHEL ). Under PM E-Drive, he said, the e-rickshaw or e-cart category has grossly underperformed the other segments, achieving just 2per cent of the scheme target at 2,736 units. Commenting on the deliverables for electric buses under the scheme, Kumaraswamy said: "So far, 10,900 e-buses have been approved, with deployment expected in Karnataka, Delhi, Telangana and Gujarat. Demand for another 1,000 e-buses has been raised by Pune which is yet to be approved. The tender will be floated this week by Convergence Energy Services." The PM E-Drive Scheme has allocated ₹4,391 crore for deployment of 14,028 e-buses in nine major cities. He said a payment security mechanism shall ensure that e-bus suppliers get the payments on time. "Direct debit mandate with the RBI has been signed by Karnataka, Telangana and Gujarat. Delhi has agreed to the DDM," he said. Under this mechanism, the central bank can debit the accounts of states if there is any shortfall in payments to e-bus suppliers. "Total demand for 14,400 e-buses has come from cities. The current allocation has been considered for 10,900 e-buses in the Phase I," Kumaraswamy said. "Talks are on with remaining states. Their demand will be taken up in the next phase." His ministry also administers BHEL , which today has a healthy orderbook with the surge in thermal power capacity addition. But the company has historically struggled with meeting timelines. On steps expected to improve BHEL's deliverables, he said: "Processes are being refined along with many new initiatives which are vendor friendly, inviting more participation to meet spurt in material and manpower demand."
Time of India
01-06-2025
- Automotive
- Time of India
bhel: PM E-Drive halfway down the road for 2 & 3-wheelers: HD Kumaraswamy
ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT New Delhi: The PM E-Drive scheme , which seeks to accelerate the adoption of electric vehicles, has so far achieved nearly 50% of its targets for two- and three-wheeler sales, said union steel and heavy industries minister HD Kumaraswamy At 155,085 units, more than 75% of the target for the sale of large electric three-wheelers has already been achieved as of May 30, the minister said. Under the electric two-wheeler category, 1,198,707 units have been sold, meeting 48% of the scheme target so far, he told ET in an interview Sunday, adding that this scheme is routinely being reviewed to address any scheme, started in September 2024, will run till March minister also said steps are being taken to improve project execution by state-run Bharat Heavy Electricals Ltd BHEL ).Under PM E-Drive, he said, the e-rickshaw or e-cart category has grossly underperformed the other segments, achieving just 2% of the scheme target at 2,736 on the deliverables for electric buses under the scheme, Kumaraswamy said: "So far, 10,900 e-buses have been approved, with deployment expected in Karnataka, Delhi, Telangana and Gujarat. Demand for another 1,000 e-buses has been raised by Pune which is yet to be approved. The tender will be floated this week by Convergence Energy Services."The PM E-Drive Scheme has allocated ₹4,391 crore for deployment of 14,028 e-buses in nine major cities. He said a payment security mechanism shall ensure that e-bus suppliers get the payments on time."Direct debit mandate with the RBI has been signed by Karnataka, Telangana and Gujarat. Delhi has agreed to the DDM," he this mechanism, the central bank can debit the accounts of states if there is any shortfall in payments to e-bus suppliers."Total demand for 14,400 e-buses has come from cities. The current allocation has been considered for 10,900 e-buses in the Phase I," Kumaraswamy said. "Talks are on with remaining states. Their demand will be taken up in the next phase."His ministry also administers BHEL, which today has a healthy orderbook with the surge in thermal power capacity addition. But the company has historically struggled with meeting steps expected to improve BHEL's deliverables, he said: "Processes are being refined along with many new initiatives which are vendor friendly, inviting more participation to meet spurt in material and manpower demand."
Time of India
01-06-2025
- Automotive
- Time of India
PM E-Drive halfway down the road for 2 & 3-wheelers: HD Kumaraswamy
New Delhi: The PM E-Drive scheme , which seeks to accelerate the adoption of electric vehicles, has so far achieved nearly 50% of its targets for two- and three-wheeler sales, said union steel and heavy industries minister HD Kumaraswamy . At 155,085 units, more than 75% of the target for the sale of large electric three-wheelers has already been achieved as of May 30, the minister said. Under the electric two-wheeler category, 1,198,707 units have been sold, meeting 48% of the scheme target so far, he told ET in an interview Sunday, adding that this scheme is routinely being reviewed to address any concerns. The scheme, started in September 2024, will run till March 2026. The minister also said steps are being taken to improve project execution by state-run Bharat Heavy Electricals Ltd ( BHEL ). Under PM E-Drive, he said, the e-rickshaw or e-cart category has grossly underperformed the other segments, achieving just 2% of the scheme target at 2,736 units. Commenting on the deliverables for electric buses under the scheme, Kumaraswamy said: "So far, 10,900 e-buses have been approved, with deployment expected in Karnataka, Delhi, Telangana and Gujarat. Demand for another 1,000 e-buses has been raised by Pune which is yet to be approved. The tender will be floated this week by Convergence Energy Services." The PM E-Drive Scheme has allocated ₹4,391 crore for deployment of 14,028 e-buses in nine major cities. He said a payment security mechanism shall ensure that e-bus suppliers get the payments on time. "Direct debit mandate with the RBI has been signed by Karnataka, Telangana and Gujarat. Delhi has agreed to the DDM," he said. Under this mechanism, the central bank can debit the accounts of states if there is any shortfall in payments to e-bus suppliers. "Total demand for 14,400 e-buses has come from cities. The current allocation has been considered for 10,900 e-buses in the Phase I," Kumaraswamy said. "Talks are on with remaining states. Their demand will be taken up in the next phase." His ministry also administers BHEL, which today has a healthy orderbook with the surge in thermal power capacity addition. But the company has historically struggled with meeting timelines. On steps expected to improve BHEL's deliverables, he said: "Processes are being refined along with many new initiatives which are vendor friendly, inviting more participation to meet spurt in material and manpower demand."
