Government Approves $1.3 Billion Incentive Scheme for Electric Vehicles

The Indian Cabinet has approved a plan to spend Rs. 109 billion ($1.3 billion) to incentivize the adoption of electric vehicles to curb pollution and shift to cleaner fuels. The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme will provide subsidy worth Rs. Investments in electric two-wheelers, electric three-wheelers, electric ambulances and…

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Ola Electric’s Dominance Fades as Country’s E-Scooter Battle Intensifies

Ola Electric, India’s largest electric scooter maker, posted its lowest monthly sales this year in September, government data showed, as the SoftBank-backed company sees its dominance eroded by smaller rivals and service network challenges. Sales of the Ora electric car, which was launched about two months ago, were 23,965 units in September, falling month-on-month for…

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Bosch, Tenstorrent to Collaborate on Standardising Automotive Chips

German industrial giant Bosch will work with U.S. chip startup Tenstorrent to develop a platform for standardizing the building blocks of automotive chips, Tenstorrent executives said. Those plans include developing a standard way to use the building blocks of modern chips, called chiplets, to create systems that can power vehicles with significantly different needs, Tenstorrent…

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