IOC Phinergy Private Limited (IOP) is a joint venture between Phinergy and Indian Oil Corporation
Over the past four weeks, six EV explosion incidents have taken place, with the latest being on Tuesday, which claimed the life of an 80-year-old man.
The announcement comes amid a series of incidents of fire in two-wheeler electric vehicles
The draft policy, released by government think-tank Niti Aayog, aims to ensure faster penetration of battery swapping as a service in the Indian market, it said.
The new battery swapping policy seeks to improve the EV ecosystem in the country thereby reducing the costs of EV vehicles and encourage their sales
The government had last year finalised a programme to incentivise companies to make battery cells locally as it looks to establish a domestic supply chain for clean transport and renewable energy storage to meet its...
Union Minister Nitin Gadkari announced on Thursday that any EV company found to be negligent with customer safety will be penalized heavily. He also issued orders to recall the defective electric vehicles.
The government’s push for electric vehicles fits into the larger scheme of combating carbon emissions.