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Tesla CEO introduced a 'lower-cost, mid-range' Model 3 via Twitter

Friday, October 19, 2018, 3:36 PM

Tesla CEO Musk announced Twitter that a new variant of company's Model-3 electric sedan is going on sale today. He wrote, "Costs $35k after federal & state-tax rebates in California, but true cost of ownership is closer to $31k after gas savings." Tesla has promised lowest-spec model of Model-3 will be available at-a-purchase price around $35,000. It has yet to offer this low-cost model.
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Switching two-wheelers to electric can cut oil bill by Rs.1.2L crore

Saturday, September 8, 2018, 8:30 AM

India can cut its annual oil import bill by some Rs 1.2 lakh crore in the next five to seven years by switching its two-wheelers from internal combustion engine to electric, according to the NITI Aayog. The NITI Aayog report said that India had a lot to gain by converting its internal combustion engine vehicles to electric vehicles at the earliest.
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PM Narendra Modi to launch FAME India II on September 7

Sunday, August 26, 2018, 1:32 PM

Prime Minister Narendra Modi will launch the second phase of the FAME India scheme offering incentives for mass adoption of electric vehicles with an outlay of Rs 5,500 crore, officials said. The modalities of the scheme have been finalized by an inter-ministerial panel and it will soon be placed before the Union Cabinet for approval, sources said.

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