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Karnataka approved the Electric Vehicle and Energy Storage Policy 2017, [44] which aims to attract investment of ₹ 310 billion and create about 55,000 jobs. The union government has announced its vision to make India an all-electric-vehicle market by 2031 to reduce the country's dependence on fossil fuels and reduce its carbon footprint.
The Tesla Model Y is the first electric vehicle to become the world's best-selling car in 2023, outselling the Toyota Corolla. [1]Battery electric vehicles are vehicles exclusively using chemical energy stored in rechargeable battery packs, with no secondary source of propulsion (e.g., hydrogen fuel cell, internal combustion engine, etc.).
Bankrupt 2017, factory dismantled and plant sold off (but as of 2021 planning to return as LML Electric with electric scooters [74]) — India; Lohner (1950–1963), Rotax-Sachs and ILO engines; [75] Merged with the Rotax engine company to form Lohner-Rotax in 1959 — Austria; MAC (1972–1977), brand of API — India
In 2000, P.E.T. added light-electric motorcycle and scooter visionary Todd Bank to their team and P.E.T. secured major funding from the Los Angeles Department of Water and Power to design and prototype the first battery-swap station's for light-electric vehicles and NEV's. P.E.T. prototypes and designs are now on display at museums across America.
Tara International, a subsidiary of Bengal Enamal, located in Mumbai, India, is the marketer for Tara Green Auto, a producer of battery electric vehicles to include two, three and four wheel designs. Tara S. Ganguly is the current managing director.
Ather Energy is an Indian electric two-wheeler manufacturer headquartered in Bangalore.It was founded by Tarun Mehta and Swapnil Jain in 2013. It currently manufactures electric scooters including the Ather 450 Apex, Ather 450S, Ather 450X, Ather 450X Pro, and Ather Rizta.
Ola Electric was established in 2017 as a wholly-owned subsidiary of ANI Technologies, the parent entity of Ola Cabs. [10] [11] The company was started to reduce emission and fuel dependency of Ola's cabs, and shift to mass electric mobility; a pilot program was launched in Nagpur in May 2017 by setting up charging stations across the city and procuring electric cabs, e-buses, and e-rickshaws ...
Bajaj Auto is also the manufacturer of Yulu’s third generation of vehicles. The company became India’s largest EBITDA (earnings before interest, taxes, depreciation and amortisation) profitable shared electric mobility company in 2024. It claimed to have achieved an Annual Recurring Revenue (ARR) of $30 million in FY2025. [9]