Germany May End Hybrid Car Subsidies By 2023, Electric By 2025-Sources
Germany’s economy ministry wants to terminate subsidies for plug-in hybrid cars next year while continuing support for buyers of electric cars for a few more years at a decremental annual pace, sources at the ministry run by the ecologist Greens…
Electric Vehicle Battery Market Size To Worth Around US$ 559.87 Bn by 2030
The global electric vehicle battery market size was accounted at US$ 46.03 billion in 2021. The burgeoning sales of the electric vehicles across the globe are expected to significantly drive the growth of the EV battery market during the forecast…
Mahindra & Mahindra Hikes Prices Of Its Vehicles By 2.5%
Mahindra & Mahindra announced a price hike of 2.5% on its range of vehicles, which will result in an increase of Rs 10,000 to Rs 63,000 on the ex-showroom prices across the range depending upon the model and the variant,…
Honda Unveils City e:HEV Sedan; Launch Next Month
Japanese auto major Honda Cars on Thursday unveiled its new offering for the Indian market — City e:HEV sedan, marking its foray into the mainstream strong hybrid electric vehicle segment in the country. The company, which is present in India…
Toyota Unveils First Electric Vehicle Since RAV4 EV In 2014
Toyota, the top-selling automaker in the U.S., is rolling out its first fully electric vehicle in eight years. The company on Tuesday unveiled the battery-powered bZ4X small SUV, which starts at $42,000 and can go up to 252 miles (406…
Lucid Announces New Lucid Air Grand Touring Performance Model with 1,050 Horsepower
Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, announced today that it has begun customer deliveries of Lucid Air Grand Touring and that it will introduce a new version of Lucid…
Nio Forced To Halt Production Due To Covid, Supply Chain Shortages
Chinese EV manufacturer Nio has been forced to suspend production due to local supply chain issues caused by the impact of further Covid-19 restrictions. Nio published a statement on its mobile app over the weekend explaining that “There will be…
California EV Company Fisker Selects Hyderabad As Headquarters For Initial Operations In India
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the…
Ford Launches The E-Transit In Europe, Electrifying Business Productivity Globally
Ford announced it has officially started shipping production units of its all-electric E-Transit van to customers across Europe, aligning with its goals to electrify its business globally. The Detroit-based Ford, who recently separated its electric and combustion engine businesses into…
100% Green Power: BMW Group To Use Sustainably Produced Aluminium Wheels From 2024
The BMW Group is stepping up its activities in the field of sustainability and will use cast aluminium wheels produced with 100-percent green power for its BMW and MINI brands from 2024 onwards. For the BMW Group, this is another…
