Net Zero Summit

Institution to Fund EV Businesses, Nissan India EV Plan, Ola Electric Scooter launch, Ashok Leyland appoints Andy Palmer

This week’s EV News Wrap includes Govt. to set up Institution to Fund EV Businesses, Nissan India EV Plan, Ola Electric Scooter revealed, Ashok Leyland appoints Andy Palmer and COGOS augments fleet with 2500 EVs

Government planning to Set Up Institution to Fund Businesses Focused on electric vehicles says Nitin Gadkari

The government is planning to set up an institution to fund businesses with a focus on electric vehicles as well as facilitate new financial instruments for lending to the public transportation and commercial vehicle segment, said Union minister Nitin Gadkari.

Addressing the India Global Forum 2021, Gadkari also said the government is planning to bring incentives for construction equipment vehicles to encourage them to become electric ones.

Nissan plans to ride make in India bandwagon manufacturing electric vehicles  and batteries in the country

Nissan Motor is reportedly planning to manufacture electric vehicles and batteries in India. According to report the Japanese carmaker is currently conducting feasibility study on producing electric vehicles  and batteries in the country for Indian customers as well as foreign countries. The ongoing feasibility study is expected to be in the next nine months. Nissan may also consider bringing in its mini electric cars called Kei, which the carmaker has developed in partnership with Mitsubishi in Japan. The mini electric commercial vehicles could be used as last mile delivery solution.

Ola CEO showcases company’s first electric scooter in a short video

Ola CEO Bhavish Aggarwal has shared the first glimpse of the company’s first electric scooter . Ahead of the launch the CEO in a tweet shared a video reveling the look and design of the scooter. He tweeted “Goes 0-60 faster than you can read this tweet. Ready or not, a revolution is coming. The company is expected to launch the scooter sometime this month. The scooter is expected to be priced around  INR one lakh and will take on rivals like Ather Energy’s 450X.The video reveals impressive storage space under the seat   and unique headlamp design.  

COGOS augments fleet with 2500 electric vehicles, to reduce 15000 tons of CO2 emission

To reduce the carbon footprint of its fleet and to achieve sustainable growth, Bangalore-based enterprise Logistics Company -COGOS has announced that it will augment its fleet by 2500 electric vehicles across Bangalore, Hyderabad, Delhi, and Gujarat, and later in Maharashtra and Tamil Nadu.

This fleet is expected to achieve a reduction of 15000 tonnes of CO2, when running at full capacity, per year. The fleet addition will take place in a phased manner over the next 24 months

Ashok Leyland appoints former Aston Martin chief Andy Palmer as Switch Mobility head

Ashok Leyland has appointed former Aston Martin chief Andy Palmer as Executive Vice Chairman and CEO of its electric vehicle arm Switch Mobility. Switch Mobility, which commenced formal operations recently, combines the electric commercial vehicle operations of Ashok Leyland and its British arm Optare to secure a leading global position in net-zero carbon buses and light commercial vehicles.