Electric Mobility Promotion Scheme 2024 follows the FAME-II program which ended on March 31 this year
As per the survey involving 40,000 individuals, most prefer electric cars costing less than Rs 10 lakh
Ashok Leyland has invested about ₹1200 crore in Switch Mobility in the past few months
Tata Passenger Electric Mobility Ltd. will leverage HPCL's network of over 21,500 fuel stations nationwide
Lucid plans to manufacture 9,000 units in 2024, increasing this number to 20,000 units in 2025
Under the new policy, US car buyers don't get tax credits if the electric vehicle or its parts come from China, Russia, North Korea, or Iran
Overseas sales of NEV cars for BYD have skyrocketed with a 334% year-on-year growth
The shorter 8900 Electric Intercity bus (12.3m) can hold 360-450 kWh, while the longer variant (14.9m) can reach a max 540 kWh capacity.
With Statiq mobile app, EV users can locate and book EV chargers and even make remote payment for charging usage
Electric vehicles are subject to a GST of only 5%, while hybrid cars face a tax rate of 43%