Looking at the sales growth and future potential, various car makers are investing more and more in electric vehicle and are coming up with new EV model. Recently we have got number of such encouraging news from the automobile industry and from car battery manufacturers.
Mercedes Benz forecasts that EV to account for fifth of car sales in luxury car segment in next five years
Mercedes Benz is optimistic about Electric Cars which is expected to contribute fifth of sales in the luxury car segment over the next five years as per Managing Director Martin Schwenk. The demand of first Electric Vehicle, EQC, launched in 2020, is quite high and the company is planning to introduce a second electric model towards the end of this year. The real race of EV is expected to start after 2025 when almost all the car manufacturers will come up with new models. Market is witnessing significant change in customer awareness since last three years and is expecting a strong purchase momentum after 2025.
General Motors and Honda ties up to develop affordable EV
GM and Honda are planning to co-develop affordable EV involving GM’s next generation Ultium battery technology. GM plans to roll out an electric Equinox small SUV next year. Company said that it will launch electric vehicle which will include compact crossover at a price lower than Equinox EV. The car is expected to go on sale in North America in 2027.
14K Crore of investment is expected in India in 3-4 years for EV chargers
As EV penetration is expected to increase in two and three-wheeler segment as well as bus, the demand for charging infrastructure is inevitable. The penetration of electric two-wheelers is expected to be around 13-15 per cent of the new vehicle sales by 2025. The e-bus segment is also expected to grow to 30 per cent. But currently India has merely 2000 public charging stations mostly concentrated in urban areas. India is likely to see around 48,000 new electric vehicle chargers which will be an investment of around 14000 Crore INR. So let’s look ahead for a greener tomorrow.
Tata Motor plans to launch three electric vehicle in April
India’s leading car manufacturer, Tata Motors, has planned to introduce a brand-new electric SUV. Being the first Indian automobile company to launch a fully electric sub-compact SUV in the form of Nexon EV in 2020, followed by first electric sub-compact Sedan, Tigor EV in 2021, Tata Motors has a range of EV in their production line which includes long-range Nexon EV, fully electric version of Altroz and Tiago EV. The long range Nexon EV is expected to be launched later in April 2022.
Simple Energy ties with C4V for cell manufacturing in India
EV maker Simple Energy signs deal with US based battery technology firm C4V (Charge CCCV) for manufacturing cell in India. Simple Energy is Bangalore based energy start-up which has launched its first e-scooter in August 2021. The company has signed a MoU with C4V for setting up a Lithium-ion cell manufacturing ecosystem in India. Lithium-ion cells are the central unit of electric vehicle and hence both the industry is expected to grow hand in hand.
Epsilon Carbon to make cathodes for Lithium-ion cells
Epsilon Carbon has partnered with US based The Metal Company to study the feasibility of extracting rare metals used in lithium-ion cells. The company is ambitious of becoming the top supplier for leading battery manufacturers which is the backbone of EV, by deep-sea mining of the rare metal. After the feasibility study, the two companies will set up a 1200 Crore polymetallic nodule processing plant in India by 2025.