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Policy predictability for EV adoption needed to make investm .. Read more at: http://timesofindia.indiatimes.com/articleshow/103745254.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Project Dates: August 2023 - November 2023

PROJECT OBJECTIVE

With the FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme coming to an end in March next year, Ravneet S Phokela said Ather Energy is happy with the government support and the current levels of subsidy but hoped that it would be extended for another three to five years for acceleration of EV adoption. Policy predictability is needed to make investment plans for accelerating electric mobility in the two-wheeler segment, Ravneet S Phokela, Chief Business Officer at Ather Energy, told PTI in an interview. "Two requirements, extend the period of time and importantly, let there be policy predictability," he told PTI when asked about the company's wishlist for FAME III.

Read more at: https://yourstory.com/2023/09/ev-subsidy-should-be-extended-for-3-5-years-for-better-adoption-ather-energy

PROJECT DESCRIPTION

The company, in which Hero MotoCorp is a significant investor, expects 100% electrification of the domestic two-wheeler market by 2030, even as it prepares to start exports to an India-like market in the near future. He further said, "Unpredictability is not good for business because my business plans are based on a certain assumption of subsidy. If the assumption changes, then the plans change, and if I'm not certain about my plans, I can't make investments." Ather Energy had planned to set up a third plant with a capacity of 10 lakh units annually, but so far has not finalised a location.

Read more at: https://yourstory.com/2023/09/ev-subsidy-should-be-extended-for-3-5-years-for-better-adoption-ather-energy

SECTORS OR AREAS OF WORK

KEYWORDS

CONSULTANTS

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Region/Location

Thailand

Vietnam

Philippines

Indonesia

Brunei

Myanmar

Cambodia

Malaysia

Laos

Singapore

BUDGET

USD 123,456,789

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)

PROJECT CONTACT PERSON

Name:Test

Email: abc@gmail.com

IMPLEMENTING AGENCY OR AGENCIES

CONTRACTOR

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SUPPORT TYPE

SUPPORT SUBTYPE

Grant
Loan
Study
Capacity Building

GOVERNMENT PARTNER

ADDITIONAL INFORMATION

When asked for how many years should electric two-wheelers be subsidised, Phokela said, "Three to five years...but what we recommend is that longevity is more important than more subsidy in one year. So, this finite amount of money can be spread out over three to four years, (rather) than busted in one year and be done with it." The company is also open to the idea of reducing the subsidy structure with each passing year, he added. From June 1 this year, the subsidy provided under the FAME-II scheme applicable to electric two-wheelers was reduced. Read more at: https://yourstory.com/2023/09/ev-subsidy-should-be-extended-for-3-5-years-for-better-adoption-ather-energy

PROJECT OUTPUTS AND ACTIVITY

KNOWLEDGE HUB

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Use case 2 by Energy Transition Expert

Dr. Siripha Junlakarn, researcher at the Energy Research Institute (ERI) at Chulalongkorn University, , commended the standardized approach to data in the database, as it improved data conformity and facilitated efficient comparative analysis.

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News and Updates

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To prepare for the urban development of 2.5 billion people by 2050, the development of low-carbon, resilient, and liveable urban settlements is crucial. Not only do metropolises contribute to global climate change by rapidly emitting and increasing emissions but they themselves are very fragile and

To prepare for the urban development of 2.5 billion people by 2050, the development of low-carbon, resilient, and liveable urban settlements is crucial. Not only do metropolises contribute to global climate change by rapidly emitting and increasing emissions but they themselves are very fragile and vulnerable to these changes.

The purpose of this study is to optimize a model for the development of renewable energies in Tehran City and its application in different sectors to
achieve sustainability. The research method is according to the typ
e of the applied-developmental study. Information is based on documentation and field methods. Data were collected us
ing a questionnaire from 76 experts and analysed using MICMAC software. The results indicate the fact that the use of public and spe
cific stimuli and incentives for electricity producers to use renewable energy will accelerate the development of renewable energy at the urban level. In order to improve the existing situation, the unsustainable
model can be offered to change the situation in favour of the use of new energy at the regional level. Based on the research results,
in general, patterns of deployment and development of renewable energies are grouped into five main groups: the use of financia
l instruments, the use of legal instruments, the development of technology, education and awareness-raising that urban sustainability in the energy
sector can be considered based on these four pillars.

14 Dec 2022 | Tester

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