Latest news with #PMElectricDriveRevolutioninInnovativeVehicleEnhancement
Mint
16-06-2025
- Automotive
- Mint
Bhel likely to be tendering agency for EV charging stations under PM E-drive
New Delhi: State-run Bharat Heavy Electricals Ltd (Bhel) may be nominated to lead the tendering process for 72,300 electric vehicle (EV) public charging stations under the ₹10,900-crore PM E-drive scheme, two people aware of the development said. 'With Bhel being the nodal agency for demand aggregation of EV charging stations, it is likely that it will also play a key role in tendering these charging stations to interested stakeholders," said the first of the two persons cited earlier, both of whom spoke on the condition of anonymity. As the nodal agency, price discovery would be a key function of Bhel in its new role in India's evolving EV space, the second person said. Also read: EV vs hybrid war: All clean fuel-run vehicles are equal for the PMO Bhel's stock ended little changed at ₹253.55 on the BSE on Friday. This assumes importance as the PM E-drive scheme, the Centre's marquee scheme to incentivize green mobility for consumers, has allocated about a fifth of its outlay— ₹2,000 crore—to subsidize electric vehicle charging stations. Mint earlier reported about the heavy industries ministry working with the ministries of road transport and highways, civil aviation, and power to identify locations to set up these EV charging stations. PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-drive) scheme, with a financial outlay of ₹10,900 crore, came into effect on 1 October 2024 and will remain in force until 31 March 2026. Its main aim is to accelerate the adoption of electric vehicles, establish charging infrastructure and build a robust EV manufacturing ecosystem in the country. Under the scheme, the government plans to incentivize charging stations for electric two-wheelers, three-wheelers, buses and trucks. These chargers need to have a minimum capacity of 12 kilowatt for electric two- and three-wheelers, 60 kilowatt for electric four-wheelers and 240 kilowatts for electric buses and trucks. The plan includes incentivizing 22,100 chargers for electric four-wheelers, 48,400 for electric two- and three-wheelers, and 1,800 for electric buses and trucks. Also read: Will India's unsafe e-rickshaws finally face the crash test? The heavy industries ministry on 21 May said in a press statement that Bhel is being considered as the nodal agency for demand aggregation and for the development of a unified digital super app that will serve as a single platform for EV users across India. 'The app will feature real-time slot booking, payment integration, charger availability status and progress dashboards for tracking national deployment under the PM E-Drive scheme. Bhel will also coordinate with states and ministries to compile and evaluate proposals for charger installations," the statement on 21 May said. Queries emailed to the ministry of heavy industries and Bhel on Friday remained unanswered till press time. According to the procedure for setting up EV chargers under the PM E-drive scheme, state governments as well as central ministries can submit a bid for EV charging stations to the heavy industries ministry after aggregating demand and conducting feasibility studies. This will be done by a nodal agency appointed by the state government or central ministry. Demand aggregation refers to gathering demand from stakeholders to determine the volume of EV charging stations that will be installed by states or by central ministries. As per guidelines for installation of EV charging stations, availability of land is a major concern. 'In addition to charger capex and the corresponding need for upstream infrastructure, one major component is land availability. Access to land and high land rentals present major hurdles in deploying charging infrastructure," said the guidelines. State governments and central ministries which seek to install charging stations 'may provide access to land at suitable locations for EV charging stations by coordinating with various stakeholders under their control", the guidelines said. This would incentivize charge-point operators and other stakeholders to install chargers in locations with high rents, according to the guidelines. State governments and central ministries should communicate their demand of EV charging points to the ministry of heavy industries for approval. After being approved, the nodal agency which gathered demand and conducted feasibility studies will begin the tendering process. As per the guidelines, the nodal agency appointed by the state government or central ministry can decide who will be the tender inviting authority (TIA). The nodal agency itself can also be the TIA, but can appoint any other agency on its behalf. The tender will include identified locations for EV charging stations, minimum charger configurations, available area and the bidding parameters to be followed. After successful bidding by charge-point operators and review by ministry of heavy industries, subsidy for charging stations will be disbursed in installments. Also read: E-buses under PM E-drive to be used now for intercity, tourist travel Under the PM E-drive scheme, the government will fund up to 80% of the upstream costs of setting up an EV charging station. But under special circumstances, the government may fund the full cost of a charging station, according to the guidelines. India's green mobility push has gained momentum, but continues to face hurdles related to EV charging infrastructure. 'The Electric Vehicle (EV) movement is gaining undeniable momentum, driven by consumer interest in sustainability and long-term cost benefits. Yet, barriers such as charging infrastructure, upfront costs and battery longevity continue to influence consumers," said Rajat Mahajan, partner and automotive sector leader, Deloitte India, in April at the launch of the 2025 Global Automotive Consumer Study—India. The study showed that 36% of Indian consumers surveyed prioritized fast-charging for EVs.
India Today
30-05-2025
- Automotive
- India Today
Charging ahead: EVs zoom in India with more public charging stations
Electric vehicles in India are gaining pace, supported by strong government initiatives. The Ministry of Heavy Industries launched the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme in September 2024 to boost EV adoption, expand charging infrastructure, and develop the domestic EV manufacturing sector. The scheme has a budget of Rs 10,900 crore over two years, from October 2024 to March 2026, with Rs 2,000 crore earmarked specifically for setting up public EV charging stations upDelhi leads the country in electricity consumption for EV charging. According to the Central Electricity Authority, India consumed 763 million units of electricity at EV charging stations between April 2024 and February 2025. Delhi alone accounted for 40.1 per cent of that. Maharashtra and Karnataka followed with 192.3 and 64.7 million units, respectively, while Gujarat ranked fourth. Combined, these four states represent over 80 per cent of the nation's electricity use for EV charging. From 2017 to 2024, India has witnessed a steady rise in the number of publicly available EV charging points, both slow and fast, as highlighted in the International Energy Agency's Global EV Outlook 2024 report. In 2017, the country had only 220 slow chargers. By 2024, this number surged to 47,000. Slow chargers usually take 6–8 hours to charge cars and are mostly used at homes or workplaces. Fast charging points, on the other hand, grew in number from just 25 in 2018 to 28,000 in 2024. Projections indicate that by 2030, India will have over two lakh publicly available slow chargers and nearly 1.6 lakh fast availability of public EV charging stations varies widely across states. Delhi has 8.8 charging stations per lakh people, Karnataka has 8.4, and Goa has 8.6. However, Maharashtra only has 2.9 charging stations per lakh people, Rajasthan 1.4, and Gujarat like Bihar, Jharkhand, and West Bengal also have inadequate charging facilities relative to their population size. On average, there are only 1.8 public EV charging stations per lakh people across the IndiaIndia's EV shift is already delivering environmental dividends. As per PM E-DRIVE data, current EV usage in India saves approximately 15.5 lakh litres of fuel daily, while reducing daily carbon dioxide emissions by over 22.6 lakh Watch
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Business Standard
25-05-2025
- Automotive
- Business Standard
Govt may offer spare e-buses under PM E-DRIVE for religious tourism
This consideration follows the allocation of 10,900 e-buses to five cities: Delhi, Bengaluru, Hyderabad, Ahmedabad, and Surat Puja Das New Delhi Listen to This Article The Ministry of Heavy Industries (MHI) is considering allocating the remaining 3,128 electric buses (e-buses) under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme for interstate routes, pilgrimage and religious tourism, hilly areas, and coastal regions, a senior official said. Of the total 14,028, the government has already allocated 10,900 e-buses to five cities — Delhi, Bengaluru, Hyderabad, Ahmedabad, and Surat. Four cities Kolkata, Mumbai, Chennai, and Pune still remain without allocation. 'If demand from the nine cities is saturated, we will allocate e-buses for interstate routes, tourism, religious travel, hilly areas, and coastal regions. It
Deccan Herald
23-05-2025
- Automotive
- Deccan Herald
BMTC fleet to touch 10,000 as Centre okays 4,500 e-buses
The Ministry of Heavy Industries on Thursday announced the allocation of 10,900 electric buses to five cities under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme.
Time of India
19-05-2025
- Automotive
- Time of India
India largest market for electric three-wheelers: IEA
HighlightsIndia has maintained its position as the world's largest market for electric three-wheelers for the second consecutive year, with sales increasing nearly 20 percent to approximately 700,000 vehicles in 2024. The International Energy Agency reported that electric three-wheeler sales in India accounted for a record 57 percent share of total three-wheeler sales in 2024, up from 54 percent in the previous year. The new PM Electric Drive Revolution in Innovative Vehicle Enhancement policy is expected to support the rollout of 2.5 million electric two-wheelers by March 2026, with purchase incentives and financial support aimed at bridging the affordability gap between electric and internal combustion engine models. India continues to be the world's largest market for electric three-wheelers for a second year in a row as sales rose nearly 20 per cent to reach about 7 lakh vehicles in 2024, the International Energy Agency (IEA) said in a report. In its Global EV Outlook 2025, the Paris-based energy watchdog said India continues to drive most growth in the global electric three-wheeler market. Despite the global three-wheeler (3W) market shrinking 5 per cent from the previous year, electric 3W sales grew more than 10 per cent to surpass 1 million vehicles in 2024. Electric 3W sales represented almost one-quarter of all 3W sales, up from one-fifth in 2023, it said. The market is highly concentrated, with China and India together accounting for more than 90 per cent of electric and conventional 3W sales. "Electrification of 3Ws in China has stagnated at less than 15 per cent over the past three years. In 2023, India overtook China to become the world's largest market for electric 3Ws, and it maintained this position in 2024, with sales growing close to 20 per cent year-on-year to reach nearly 7,00,000 vehicles," it said. This translated into a record 57 per cent electric sales share in 2024, 3 per cent up on the previous year. This growing trend, it said, looks set to continue thanks to policy support under the new PM E-DRIVE scheme , which allocated budget in 2024 to support the roll-out of more than 3,00,000 electric 3Ws for commercial use - for which the total fleet (electric and ICE) was estimated at more than 10 million vehicles in 2023. IEA said China, India and Southeast Asia remain the world's largest 2/3W markets, accounting for around 80 per cent of 2024 global sales, with 2/3Ws serving as the primary mode of private passenger transport in these regions. "India's increasingly dynamic electric 2W market hosted a total of 220 OEMs in 2024, up from 180 in 2023, although the four market leaders accounted for a combined 80 per cent of the 1.3 million electric 2Ws sold in the country in 2024 (6 per cent of the overall 2W market)," the report said. While the upfront purchase price of electric 2Ws remains higher on average than that of conventional 2Ws, increasing competition is prompting OEMs to offer more affordable electric models. For example, the Indian market leader, Ola, released its S1X entry model, equipped with a 2 kWh battery and 6 kW peak power, at a sticker price of ₹70,000 - lower than the average price of the five best-selling ICE 2W models. "Policy support is also helping to bridge the affordability gap between electric and ICE 2W models, with the new PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) policy continuing financial support formerly provided under both Faster Adoption and Manufacturing of Electric Vehicles (FAME)-II and Electric Mobility Promotion Scheme measures," IEA said. This provides purchase incentives for electric 2Ws (offering purchase subsidies of up to ₹5,000/kWh for 2Ws fitted with lithium-ion batteries), as well as for 3Ws and other emerging EV categories (specifically excluding private cars), with a total budget of USD 1.3 billion. The scheme is planned to operate until March 2026 to support the roll-out of about 2.5 million electric 2Ws, up from 1 million targeted under the previous FAME-II policy. On the manufacturing side, the 80 largest electric 2W makers in India accounted for a combined production capacity of 10 million electric 2Ws in 2024, almost 8 times the domestic sales that year. The capacity is expected to increase to 17 million electric 2Ws in the near term, if all OEM announcements come to fruition. On electric cars, IEA said total sales in India increased only slightly, approaching 1,00,000 (or 2 per cent) in 2024. Sales in India grew 45 per cent year-on-year, nearing 35,000 electric car sales for the first quarter of 2025. "In India, high import duties on EVs and the availability of locally made, affordable electric models meant the share of Chinese imports in the country's EV sales remained below 15 per cent in 2024. "While the cheapest battery electric car model was produced locally by a Chinese OEM (SAIC's city car, the MG Comet EV, priced under USD 8,000), the average price of imported Chinese BEVs was twice that of those made by domestic manufacturers," it said. In 2024, all battery electric vehicle (BEV) models manufactured by Indian carmakers started below USD 20,000, while none of the imported Chinese BEV models were priced under that threshold. Overall, the average price gap between battery electric and ICE cars fell below 15 per cent for small cars and 25 per cent for SUVs in 2024. IEA said India has seen rapid growth in electric bus deployment since 2020, with stock increasing from less than 3,000 to more than 11,500 at the end of 2024.
