by AIP Online Bureau | Jul 27, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology
The Electric Mobility Promotion Scheme 2024 (EMPS 2024) was launched by the Ministry on March 13, 2024, through a gazette notification. The scheme aims to boost the adoption of electric vehicles (EVs) across the country. It was originally set to run from April 1st to...
by AIP Online Bureau | Jun 5, 2024 | Articles, Non-Life, Reinsurance, Risk Management, Technology
ICICI Lombard’s new study highlights how Electric Vehicles are driving the future transforming motor Insurance even as choosing insurance, premium cost and claim settlement experience are paramount. Notably, consumers are willing to invest in comprehensive coverage,...
by AIP Online Bureau | Mar 8, 2024 | Eco/Invest/Demography, Facts, Technology
Gartner expects production costs to drop considerably faster than the costs of batteries, which are the most expensive part of an EV and account for around 40% of the vehicle’s price Battery electric vehicles will be, on average, cheaper to produce than a...
by AIP Online Bureau | Feb 26, 2024 | Briefs, Non-Life, Risk Management, Technology
ACKO has introduced Extended Battery Warranty plan tailored specifically for removable batteries for Electric Vehicles (EVs). The plan is available with the VIDA V1, the first EV launched under the emerging mobility brand VIDA, from Hero MotoCorp. The plan covers the...
by AIP Online Bureau | Jan 22, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Technology
Rajesh Kumar Singh, Secretary,Department for Promotion of Industry and Internal Trade As per industry estimates, the total EV sales in India stood at around 10 lakh units in 2022. On the back of increasing EV demand, the Indian government is providing fiscal...
