EV SUBSIDY
Ola Electric vs Ather Energy: Which stock looks better after a stellar surge of up to 70% in April?
Ola Electric shares have rebounded sharply, surging 68% in under 10 sessions, while Ather Energy gained 16% over the same period. Despite the recovery, Ola remains down 75% from its Rs 157 peak and nearly 50% below its issue price. In contrast, Ather Energy has surged 172% from its IPO price within a year of listing.
CleanMax, Sangam India partner for hybrid renewable energy supply in Rajasthan
CleanMax Enviro Energy Solutions and Sangam India have joined forces. This partnership aims to reduce carbon emissions for Sangam India's operations in Rajasthan. A hybrid renewable energy supply agreement has been signed. It will provide solar and wind power, supported by battery storage. This will power five Sangam facilities across Rajasthan.
Delhi draft EV Policy 2026 proposes subsidy up to Rs 30,000 for e-two-wheelers; no road tax or registration fee for most EVs
Delhi's new EV Policy 2026 offers significant subsidies for electric vehicles. Buyers of electric two-wheelers could receive up to Rs 30,000. Electric auto-rickshaws may get Rs 50,000. Electric four-wheel goods vehicles can receive up to Rs 1 lakh. These incentives aim to boost electric vehicle adoption in the capital.
Ather Energy shares rally 8% while Eicher Motors, Hero MotoCorp shares drop up to 4%. Here's why
Delhi's draft EV Policy 2026-2030 aims to boost electric two-wheeler registrations from FY29, offering significant subsidies and tax exemptions. This move is expected to accelerate EV adoption and curb pollution. The policy's incentives are already impacting stock markets, with EV manufacturers seeing gains while traditional bike-makers face declines.
Amid West Asia crisis: Santa Marta meet aims to drive fossil fuel shift
The Santa Marta conference has been described as a meeting of the "coalition of doers", comprising countries and stakeholders committed to shifting away from fossil fuels. It will bring together members of existing alliances such as the Fossil Fuel Non-Proliferation Treaty, the Beyond Oil and Gas Alliance, and the Powering Past Coal Alliance.
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L&T targets nuclear energy, expects 3x revenues in 5 years
"L&T has been associated with India's nuclear programme since its inception and has supported technology development, manufacturing and localisation," Anil V Parab, whole-time director and senior executive vice president, heavy engineering & manufacturing, told ET. "We will continue to support the government's push to scale nuclear capacity from about 8.8 GW currently to 100 GW by 2047."
Jindal Renewables, INOXGFL in Race for GIP's Vena India
The potential bidders are currently undertaking due diligence of the asset, and binding bids are expected by next month, the people said. Global investors, including Actis, Sembcorp, KKR, and Macquarie, had also evaluated the company but decided against holding advanced negotiations with GIP, said people aware of the development.
Delhi promoting EVs, Karnataka taxing them, says BJP leader Bharath Bommai
Bharath Bommai criticizes Karnataka's new road tax on electric vehicles. He states this policy contrasts with Delhi's efforts to promote EVs. Bommai argues Karnataka's decision hinders clean mobility and the middle class. He contrasts this with Delhi's actions to clear EV subsidies and build charging infrastructure. Bommai believes Karnataka is moving backward while Delhi is advancing EV adoption.
Delhi EV policy 2026: From subsidies and scrapping incentives to tax exemptions, all you need to know
Delhi is accelerating its electric vehicle adoption with new incentives, including purchase subsidies and scrapping benefits for two-wheelers, three-wheelers, and cars. The city is also implementing road tax exemptions and mandates for electrification, aiming for a cleaner transport future.
Delhi draft EV policy offers up to Rs 1 lakh scrapping incentive for e-cars
The benefit will be available for scrapping of Delhi-registered BS-IV and below cars and will be limited to the first 1,00,000 eligible applicants under the policy. For electric four-wheeler goods carriers (N1 trucks), the policy proposes a scrapping incentive of Rs 50,000 under similar conditions, including scrapping of BS-IV and older vehicles and purchase within six months of CoD issuance.
Delhi to ban new petrol two-wheelers from 2028: Govt proposes 100% tax relief for EVs up to ₹30L; Check major benefits for citizens switching to EVs
The Delhi government has released the draft Electric Vehicle Policy 2026-2030 for public feedback. Key proposals include banning new petrol two-wheeler registrations from 2028 and three-wheelers from 2027, along with 100% road tax and registration fee exemption for electric cars priced up to ₹30 lakh. The policy aims to reduce air pollution and accelerate clean mobility.
Karnataka government ignores protests, notifies lifetime tax on EVs, spares two-wheelers
Karnataka has introduced a new lifetime road tax for electric cars, jeeps, and buses, excluding two-wheelers. This move aims to generate an additional Rs 250 crore for the state government. The decision has drawn criticism from Union Minister Pralhad Joshi and the EV industry, who fear it could increase crude oil imports and hinder climate goals.
South Korea's Kia cuts 2030 EV target over 20%, plans humanoid robots at US factory
The automaker also trimmed its total vehicle sales goal, targeting 4.13 million vehicles by 2030, down from an earlier target of 4.19 million units.
Is Trump the president who lost Asia to China?
Developing countries long wary of dependence on China are rethinking that stance as the US-Israel war with Iran disrupts energy supplies. Nations tied to Chinese supply chains are showing greater resilience than those reliant on the US-led order.
Karnataka withdraws exemption, to slap lifetime tax on EVs, except two-wheelers
Karnataka has withdrawn lifetime road tax exemptions for electric cars, jeeps, buses, and private vehicles, except for two-wheelers. The move aims to generate an additional Rs 250 crore in revenue, with tax rates varying based on vehicle price. This decision has drawn criticism as a regressive step against EV adoption.
EV sales surge in March on discounts, price hike fears
Electric car registrations — a proxy for retail sales as carmakers report only dispatches to dealers — rose 49% on-year to 19,711 units in March, while those of electric two-wheelers surged 36% to 177,485 units, Vahan portal data on Tuesday showed.
Why China is investigating US green tariffs ahead of Trump’s visit
The probe targets restrictions on imports and technology cooperation. China aims to position itself as a key player in global decarbonization, contrasting its approach with perceived US protectionism.
Regulators possess full authority to set power tariffs: Supreme Court
In a case over wind power incentives, a bench of Justices PS Narasimha and Atul S Chandurkar held that the Andhra Pradesh Electricity Regulatory Commission (APERC) was wrong to use a central subsidy meant to promote renewable energy investments to lower tariffs.
Govt crackdown on underage scrolling; UPI incentives decline
Happy Thursday! The government is debating social media restrictions for children in India. This and more in today’s ETtech Morning Dispatch.
Finance Ministry nod sought to extend subsidies for electric two- and three-wheelers
The Ministry of Heavy Industries is seeking approval to continue subsidies for electric two- and three-wheelers. These subsidies are currently set to end on March 31, 2026. The PM E-DRIVE scheme has already seen significant spending on these vehicles. Extending the subsidies will support the ongoing adoption of electric mobility in India.
Telangana launches India's first state-negotiated EV discount for Government employees
Telangana is at the forefront of a mobility revolution, championing eco-conscious travel methods. With the launch of enticing discounts on electric vehicles for state employees, the government is paving the way for greater EV adoption while tackling pollution head-on. A robust expansion of charging infrastructure is on the horizon, ensuring accessibility for all.
China's Xiaomi posts first quarterly profit fall in three years
Xiaomi's quarterly profit saw its first drop in three years. This happened as the company faced higher costs and tougher competition. However, Xiaomi's electric vehicle business performed well. It surpassed its delivery goals for the year. The company also reported its EV segment achieved its first annual operating profit. Xiaomi plans significant investment in artificial intelligence.
Tesla in talks with Chinese firms to buy $2.9 billion worth of solar equipment, sources say
Musk said in January that solar power could meet all of the electricity needs of the United States - including the ever-increasing demand from a growing number of data centres. Job postings on the Tesla website said it aims to deploy 100 GW of "solar manufacturing from raw materials on American soil before the end of 2028".
Delhi CM Rekha Gupta launches 300 EV buses
Delhi's transport landscape is set for a green makeover as Chief Minister Rekha Gupta introduces 300 new electric buses, raising the total number in the Delhi Transport Corporation's fleet to 6,100. This ambitious step is part of a broader initiative to transition the entire fleet to electric power, reflecting the government's commitment to a cleaner environment.
Delhi EV policy explained: Up to Rs 1 Lakh incentive, 100% exemption on road tax till 2030 to boost clean mobility
Delhi Electric Vehicle policy explained: The Delhi government is set to introduce a new policy aimed at accelerating electric vehicle adoption by offering financial incentives for scrapping old vehicles. Under the scheme, individuals who scrap BS-IV or older Delhi-registered vehicles can avail the benefits of up to ₹1 lakh when purchasing new EVs, along with exemptions on road tax and registration fees until 2030.
Iran war energy shock prompts global rethink on fossil fuel dependence
The Iran war has disrupted global oil and gas supplies, forcing nations to reassess energy security. Countries are exploring nuclear power, renewables, and diversified import sources. Asia faces significant impact due to its reliance on Middle Eastern oil. Europe is boosting nuclear energy and considering carbon market changes. The US focuses on global price stability.
Sing the Body Electric: Why Iran War is India’s Edison Moment
The dangers of depending on oil imports have once again been exposed. It's time to start thinking long term about ways to electrify our economy. They are already a key power source for our households, but we need to cannonball efforts to make it a source to manufacture molecules, materials as well as machine learning.
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