The Ledger
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Hydrogen fuel cell vehicles cost three times more to run than EVs
“So whatever the cost of electricity tomorrow is in one rupee, it's going to cost the cost for hydrogen fuel cell vehicle will be three times more than a battery-operated electric vehicle.”
Maini: Swappable battery EVs are denied subsidies given to fixed-battery versions
“In their showroom, there's a vehicle with a fixed battery and one with swappable. Both have identical vehicles. You can't tell the difference between them. You buy the one with fixed, the customer subsidy comes through. You buy the one with swappable, the subs…”
Maini: Indian government removed subsidies and doubled EV taxes before Reva launch
“One month after we launched, the government pulled the plug on subsidies, and actually one month before we launched, and doubled the taxation on electric vehicles... And reduced taxes on petrol vehicles.”
50% of electric trucks in China used swappable batteries in 2023
“This year, 50% of all electric trucks in China were with swappable batteries, right? That target was supposed to be achieved in 27.”
EV battery cell production in India will begin within 24 months
“I think in the next 24 months, cells will start being produced in India, right? And maybe in 48 months, we'll have a very small chunk.”
Maini: India's 18% battery GST versus 5% EV GST penalizes EV manufacturers
“Electric vehicles at five percent GST, but a battery pack, right? Batteries are at 18%, right? So it's also hard, A, for a lot of companies only making electric vehicles where they'll have an inverted duty structure, because the input will over time be more th…”
92% of all electric two-wheelers in Taiwan use swappable batteries
“For example, if you look at a country like Taiwan, In 92% of all electric two wheelers are with swappable solutions, right? Just by one company, but it gives a solution to multiple companies.”
Maini: EVs are around three times more efficient than ICE vehicles
“An internal combustion engine vehicle is an efficiency of around 25%. An electric machine is around 90%, probably in drive cycles around 85. So you're talking of around three times efficient.”
Maini: Sun Mobility conducts one million battery swaps per month
“One is that the, we're doing a million swaps a month.”
Maini: Sun Mobility's 600 Stations Can Service 120,000 Scooters Daily
“Each of us stations for the two wheelers today do 200 swaps a day. So you have 600 stations. So on a daily base, I can cater to 120,000 scooters, right?”
Maini: India's 2 Million E-Rickshaws Represent a $1 Billion Energy Market
“There's around two million e-rickshaws, which in battery swapping and energy businesses around a billion dollars a year, right? They're all in smaller cities.”
Maini: Delhi EV Subsidies Stem from a Decade-Old Fuel Cess Fund
“Delhi already started this almost 12, 13 years ago. They created the ambient air quality fund, which taxed a certain paisa for every litre of diesel and petrol. And that put it into this ambient air quality fund, which will only be used for EVs. The reason Del…”