Electric Vehicles This Week: SBI Cuts Down EV Loan Rates, Renault To Slow Down Its India EV Plans And More
China's growing electric vehicle space is now under scrutiny after NIO revealed that one of its EV had burst into fire during the repair.
- Bengaluru-based cab-aggregator Ola's policy research and social innovation think-tank Ola Mobility Institute has said that usage-based incentives on electric vehicles by the government will be essential to accelerate innovation, encourage the early adopters, enable new business models, and promote low-cost shared mobility services.
- In a bid to boost the electric vehicle charging issues in India, the government think tank NITI Aayog has directed Ministry of Petroleum and Natural Gas to set up electric vehicle charging stations at nearly 1K fuel stations across India.
- As an effort to push the demand for electric vehicles, the State Bank of India (SBI) has reduced the rates of loans on purchase of electric vehicles.
- As a part of this investment, both companies will work together to develop a next-generation electric vehicle battery for Ford's EV portfolio, using Rivian's electric skateboard platform.