EV Update Media – Electric Vehicles and Battery Industry News & Updates

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EV Update Media

Electric 3-wheeler Market worth $1.5 billion by 2030 Globally, at a CAGR of 2.2%

The electric 3 wheeler market is projected to grow from USD 1.3 billion in 2024 to USD 1.5 billion by 2030, at a CAGR of 2.2%. With the increasing stringency of government mandates, 3 wheeler manufacturers’ focus has shifted to…

Govt to Hold 2nd Meet With Stakeholders to Issue Draft Guidelines for New EV Policy

The Ministry of Heavy Industries will hold a second round of meeting with stakeholders in a “month or two” to issue draft guidelines for the new electric vehicle (EV) policy that has been framed to attract global automakers like Tesla…

Exicom Launches India’s Fastest DC Charger

Exicom, a leading provider of electric vehicle (EV) charging and Critical Power solutions in India, today announced the launch of India’s fastest DC Chargers up to 400kW. The newly launched Harmony Gen 1.5 DC Fast Chargers are bundled with a…

Over 4 Million Plugin Vehicles Sold Globally in 2024

Global EV sales reached 1.1 million units in April 2024, according to EV research-house, Rho Motion, bringing year-to-date (YTD) sales to 4.3 million, 22% greater than the same period in 2023. Battery Electric Vehicles (BEVs) represent 64% of units sold…

ARAI Conducts First-ever Electric 2-wheeler Crash Tests in India

The Automotive Research Association of India (ARAI) has completed a series of crash tests on electric 2-wheelers. It is said to be the first time such tests have been conducted as they are not mandatory for 2-wheelers. According to the…

Mahindra & Mahindra Commits ₹120 Billion to EV Expansion by FY 2027

Automobile manufacturer Mahindra & Mahindra plans to invest ₹120 billion (~$1.43 billion) in its electric vehicle (EV) unit, Mahindra Electric Automobile (MEAL), over the next three years up to March 31, 2027. In a stock exchange filing, the company stated…

Ampere Magnus Electric Scooter Prices Slashed; Range Now Starts At 84,900

Greaves Electric Mobility’s two-wheeler brand Ampere has announced a significant price cut for its electric scooters by up to Rs 10,000. The brand currently retails five electric scooters in the Indian market, of which two have undergone price revisions. These…

Few Chinese Electric Cars are Sold in U.S., But Industry Fears a Flood

The Biden administration’s new tariffs on Chinese electric vehicles won’t have a huge immediate impact on American consumers or the car market because very few such cars are sold in the United States. But the decision reflects deep concern within…

Farasis Energy Signs Strategic Partnership Agreement with Indian Customer Ingar at INAPA 2024

Farasis Energy, a global leader in pouch power batteries for new energy vehicles and energy storage systems, showcases its latest mass-produced Super Pouch Solution (SPS), along with its standard electric motorcycle batteries 7432/7455 and a series of swappable battery products…

Fujiyama EV Unveils Thunder Plus E-scooter

Fujiyama, an electric vehicle (EV) manufacturing company , has launched Thunder Plus electric scooter. It comes in two variants, Thunder VLRA and Thunder LI, catering to both high and low-speed segments of the market, the company said. The Thunder VLRA…