In the EU, the European Commission has published a sustainable and smart mobility strategy and Hyperloop has been identified as a breakthrough mobility technology. Electric vehicles are a part of the new normal when the global transportation industry undergoes a paradigm shift and has a clear preference for clean and green vehicles. Like its Western counterparts, China is pushing for electric vehicles through programs such as the rapid roll-out and manufacture of hybrid electric vehicles (FAME) and FAME II.
EV100 Strategy – Maharashtra
Sales of electric vehicles are expected to grow at an annual rate of 3.5 percent by 2026, according to a market study by News Daily and Economic Times. A day after announcing its new 2021 electric vehicle policy, the state also announced its partnership with the EV100 Network, a climate change group, to promote electric vehicles and reduce CO2 emissions. Through the EV100 network, 110 companies have pledged to have 100 electric vehicles by 2030.
Maharashtra announced on Friday its partnership with Climate Groups EV100 campaign to support the state’s ambitious EV deployment targets under its new EV policy, which aims to electrify the last mile and 25 % of vans by 2025. One week after the presentation of its electric vehicle policy, the state government also announced its decision on Friday to become the first country to join the EV100 initiative supported by the climate group. Launched on Friday by the Maharashtra state government, the policy aims to electrify the last mile and the delivery vehicle by 25% by 2025, a target to be met by the end of the decade.
The climate group called on companies in the government of Maharashtra to use the incentives offered by the government to join EV100 and push for a 100% fleet conversion by 2030. Looking to the future, companies in the western state were asked to set EV100-oriented targets to speed up the electrification of their vehicle fleets. “The electric vehicle policy of the Maharashtra governments is a strong signal and framework for the construction of clean vehicles of the future for the state and India.
EV100 is a business-oriented climate initiative to make electric transport the new normal by enabling companies to switch to 100% electric vehicles by 2030 and accelerate the transition away from polluting vehicles with internal combustion engines. The EV100 Partnership will help early risers and businesses shape government policy by sharing their experiences and suggestions. Maharashtra will be the first Indian state to work with a partner to promote electric vehicles.
In order to promote the production and sale of electric vehicles, the policy emphasizes the need for batteries for electric vehicles. It intends to set up at least one giga-factory to produce advanced chemical cells and batteries. It has allocated $140 million to expand charging infrastructure to support the development of the electric vehicle industry in India.
The state government announced its electric vehicle policy on Tuesday, offering a sop for new acquisitions and scrapping plans to manufacture electric vehicle components such as batteries. The state hopes that electric vehicles will account for 10 percent of new registrations by 2025.
By 2025, fifteen percent of state transport buses will be converted to electric transport. Energy Efficiency Services Limited (EESL) will purchase 10,000 electric vehicles from reputable manufacturers to distribute to government agencies through rental and pre-sale models.
While India will benefit greatly from shifting its transport from IC motors to electric motors, the challenges are a lack of charging infrastructure, high acquisition costs, and a shortage of renewable electricity. Central and state governments have set up programs and incentives to promote electric mobility in the country, but there are no regulations or standards.
In India, electronic – commerce companies, automakers, app-based transport networks, and mobility solutions providers are entering the electric vehicle industry to build up the capacity and visibility for electric vehicles. 2021 will therefore prove to be a key year for the electrification of vehicles in India.
Maharashtra was one of the first states to unveil its policy on electric vehicles in February 2018. However, this policy was not implemented due to subsequent changes by various central government departments. With the revision of the Phase II policy of the Center for Adoption and Manufacturing of Electric Vehicles (FAME) last month and similar revisions and improvements of the respective state electric vehicle policies in Gujarat, Karnataka, Andhra Pradesh, and Tamil Nadu, Maharashtra has now announced a new electric vehicle policy for the state.
The think tank NITI Aayog has created a special working group to develop proposals for the government to ensure the seamless transition to electric vehicles. Several states have provided procedures for adopting specific strategies for electric vehicles.
In September 2017 Karnataka became, for example, the first Indian state to introduce its electric vehicles and energy storage policy. In October, the Telangana government also drew up a draft directive on electric vehicles, which focuses on the benefits for electric vehicle manufacturers. Other states, such as Maharashtra, Andhra Pradesh, Goa, and Uttar Pradesh, are in the process of adopting or implementing measures for electric vehicles.
The state government believes that incentives for car companies and subsidies for buyers will help boost production and increase demand among buyers. Environment Minister Aaditya Thackeray said: “Investing in clean transport systems is an essential part of our countries” climate action plan.
In March 2009, GE and Hitachi Nuclear Energy signed an agreement with NPCIL and Bharat Heavy Electricals Ltd. (BHEL) to begin plans for a multi-unit energy plant using 1,350 MWe advanced boiler water reactor (ABWR). The Indian oil company Indian Oil Corporation Ltd (IOC) joined the NPCIL in November 2009 in a partnership agreement to build a nuclear power plant in India to anticipate amendments to the 2016 Atomic Energy Act.
In April 2015, the government approved in principle new nuclear power plants at ten sites in nine states. Two of the four sites are Kakrapar in Rajasthan for a 700 MWE domestic PHWR unit and Kudankulam for an imported 1000 MWe VVER light water reactor, two of which are being built in Russia while the fourth greenfield site is two 1000 Mwe LWR units in the Jaitapur, Jaithalpur and Ratnagiri districts of Maharashtra state on the west coast.
For regular updates, follow us on https://www.facebook.com/pushpak.ventures or visit www.pushpakventures.com or write to us at firstname.lastname@example.org, +91-8851585984. You can also follow us on our Facebook Page to get regular updates. Join our Facebook community to interact with Industry Experts. Download ARKO from https://bit.ly/3xjcRlk