Tesla & VinFast rev up EV manufacturing in India
India is the world’s third largest automotive market and the country with the third highest level of air pollution. Across the world, this kills 8.8m people each year. Electric vehicles have a lot to offer India and a new report suggests that Tesla is planning to ship its electric cars to India, by the end of 2024. This will be in a race against Vietnamese electric vehicle manufacturer, VinFast, who is also opening up factories in the country.
Tesla's vision for sustainable mobility
EV manufacturer Tesla is on a mission to advance the world in its transition to sustainable energy, from electric cars to solar roof power and more. Tesla came in the top spot of our Top 10: EV Tech Companies, for freeing society from reliance on fossil fuels and helping to achieve a zero-emission future.
Tesla's EVs feature a range of technologies, such as the HEPA filtration system, which stops toxic chemicals from entering the cabin, something highly desirable in polluted urban areas.
Inhaling polluted air causes a range of healthcare issues. The fine particulate matter emitted by ICE vehicles can enter the bloodstream, damaging the heart and blood vessels. This can lead to an increased risk of cardiovascular diseases, including heart attacks and strokes.
The Indian government has reduced import taxes on some electric vehicles, on the condition that those manufacturers have invested US$500m in India and start local production in under three years.
At the moment, Tesla is producing right-hand driven (RHD) cars for the Indian market, in Germany. The Gruenheide facility can build 50,000 units each year and will export them to India.
However, this new policy by the Indian government will mean that Tesla can build a market in India, for itself.
VinFast is also investing in India's electric vehicle future
Vietnamese electric vehicle manufacturer VinFast has also shared its plans for a factory in India, starting with an US$500m investment. VinFast has already signed a memorandum of understanding with the government in Tamil Nadu, India, where the facility is located. It is hoped that the new factory will create up to 3,500 jobs for residents across the state.
Read the full story here.
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