Tag: EV cost reduction India
-
Ola Electric Gains Government Certification for Rare-Earth-Free Ferrite Motor: Implications for EV Supply Chain, Cost, and India’s EV Industry
In a breakthrough for India’s electric vehicle (EV) sector, Ola Electric has secured government certification for a rare-earth-free ferrite motor developed in house. This achievement marks the Ola brand as the first Indian automotive OEM to receive approval for such a motor, eliminating dependence on scarce and expensive rare-earth elements. This article dives deep into…