Electric Vehicles Venom started affecting the oil companies in Norway. Usage of Electric Vehicles increased in Norway from the last year. Patanjali is famous for its ayurvedic products in India having a plan to enter into Electric Vehicles industry. Lot more news in Electric Vehicles Daily News Updates May 29th 2018 article.

Electric Vehicles Daily News Updates May 29th 2018

Patanjali Electric Vehicles IN India?

Electric Vehicle manufacturers approached Acharya Balakrishna. Acharya Balakrishna is one of the founders of Patanjali. Very recently, Patanjali has launched desi SIM CARDS along with BSNL. The founder of Patanjali Balakrishna said that they are going to support anything related to Indian development.

Manufacturers from almost all sectors, including steel, electric vehicle, anti-radiation mobile chip, have approached Patanjali. But, they are very selective at the moment. Only want to invest in trusted products and services.

No Subsidies For Electric Vehicles In India?

Looks like a bad news for the electric vehicle’s manufacturers in India. Govt Fails to Build agreement with its Agencies for the electric vehicles implementation in India. Under the FAME(Faster Adoption and Manufacturing of Electric vehicles) scheme, the union cabinet announced 9,381 crores but it is postponed due to the failure of state governments in getting the collaboration with local Agencies.

However, there is another scheme called FAME-II. Under this scheme, Central government provides subsidies to EV manufacturers and consumers. The subsidy price is directly proportional to the electric vehicle prices.

Oil Industry Affected By Electric Vehicles?

Electric Vehicles consumption in Europe has gradually increased. Especially in Norway, 52% of cars sold being EVs.The government of Norway wants to go fully electric by 2025.These steps impacting the oil industry in Norway.

10% of vehicles in Norway are Electric. Due to increased sales of electric vehicles leads to a price drop in Petrol and Diesel.

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