article thumbnail

Reducing the cost of electric vehicles

Electric Vehicles India

Reducing the cost of electric vehicles. 10,000/KWh with an increase in cap from 20% to 40% of the cost of the vehicle from 11th June 2021, thus enabling the cost of Electric two-wheelers at par with that of ICE two-wheeler vehicles. The demand incentive for electric two-wheelers has been increased to Rs. 15,000/KWh from Rs.

Cost Of 101
article thumbnail

Vehicle scrappage policy to reduce cost of EVs says  Nitin Gadkari 

Electric Vehicles India

Vehicle scrappage policy to reduce cost of EVs says Nitin Gadkari . The newly launched Voluntary Vehicle Fleet Modernisation Programme or the vehicle scrappage policy will help to reduce the cost of manufacturing electric vehicles in India. He said that in the near future, electric vehicles will be cheaper than petrol and diesel ones.

Scrappage 105
article thumbnail

New EV incentive scheme will increase e-2W costs by 10% vis-a-vis FAME 2: ICRA | Autocar Professional

Baua Electric

The initial purchase cost of an electric two-wheeler would increase by 10% with the implementation of the Central Government’s recently announced Electric Mobility Promotion Scheme (EMPS) 2024. He further added that in ICRA’s estimates, the payback period could get elongated to 5.5

article thumbnail

First serially-built Pipistrel 2-seat electric trainer makes flight in Australia, handed over to owner

Green Car Congress

Richard Charlton, the finance director of Electro.Aero said that it was a smooth, no-drama first flight. The main issue with petrol is the maintenance costs of what is a more complex engine. The Pipistrel Alpha Electro is the first electric aircraft that offers the possibility of PPL training.

Australia 186
article thumbnail

Optimizing Car Leasing Tax Advantages

Clean Fleet Report

You’ll know exactly how much you need to budget for your Cupra Formentor lease deal each month, making it easier to manage your finances. This further reduces the overall cost of leasing a car for your business. Fuel Costs If your business covers fuel costs for leased vehicles, you can also claim tax deductions on fuel expenses.

Tax 78
article thumbnail

Earth Day 2024: each day is about reducing emissions | Autocar Professional

Baua Electric

Last year also saw a total of 379,837 petrol-ethanol powered vehicles sold in India. Demand for petrol-hybrid models is on the upswing too – the 331,761 units sold in 2023 marked a 72% YoY increase over 2022’s 192,904 units. The cost of fossil-fuelled motoring, is going only one way – up. degrees Celsius.

article thumbnail

[PRESS RELEASE] Emissions Reduction Plan: Electric Vehicles will drive a low emissions future

Drive Electric

Drive Electric Chair Mark Gilbert says, “If you watch the global automotive market – we’ve been seeing for some time that EV technology will replace petrol and diesel cars. EVs will drive down the costs of owning a vehicle and give New Zealand more energy independence. This may happen faster than you might think.