Global Electric Bus Market to Grow by USD 68.5bn Over the Next Decade
The global electric bus market is valued at an estimated USD 21.3 billion in 2024 and is projected to reach USD 68.5 billion by 2034, growing at a CAGR of 12.4%. The electric bus market has witnessed remarkable growth in…
Global EV Sales up 35% in October, Propelled by China
Global sales of fully electric and plug-in hybrid vehicles increased 35% in October compared to the same month in 2023, driven by a 54% hike in sales in China, according to market research firm Rho Motion. However, it was a…
Electric Two-Wheeler Sales Surge To 1.39 Lakh Units In October As Festive Season Fuels 85 Per Cent Growth
The festive season brought a surge in demand for electric two-wheelers, with retail sales reaching 139,031 units in October 2024. This marks an 85 per cent year-on-year growth compared to the previous year’s 75,164 units, as the 32-day festivities across…
More than 6 Lakh Electric 2, 3-wheelers Sold Under PM E-Drive Scheme Since April
More than 6 lakh electric two- and three-wheeler vehicles under the Centre’s flagship EV subsidy scheme PM E-Drive have been sold so far in the current financial year, data from the ministry of heavy industries released on Wednesday showed, as…
PM E-Drive EV Subsidy Scheme Comes Into Effect In India Amid Global EV Slowdown
The government has notified a new subsidy scheme for adoption of electric vehicles in the world’s third-largest automotive industry, even as the transition to electric mobility lags globally. Called the PM Drive Revolution in Innovative Vehicle Enhancement, or PM E-Drive,…
2-wheeler EV Buyers can Avail Subsidy of Rs 10,000 in 1st yr of PM E-DRIVE
Electric two-wheeler buyers can avail a maximum subsidy of up to Rs 10,000 in the first year of the PM E-DRIVE Scheme to be rolled out soon, Union Heavy Industries Minister HD Kumaraswamy said on Thursday. Addressing a media briefing,…
Tajikistan Boosting EV Imports, Planning Domestic Production
Tajikistan is boosting imports of electric vehicles and planning domestic production together with Chinese partners, the Tajik Transport Ministry said. “According to the government’s Customs Service, Tajikistan imported 3,316 electric vehicles worth $59 million in 2023. As many as 5,266…
Electric Vehicles, Hybrids form 50% of China’s Vehicle Sales
Half of all vehicles sold in China in July were either new pure electric vehicles (EV) or plug-in hybrids, industry data showed, a milestone that underscores how far the world’s biggest auto market has leapt ahead of Western counterparts in…
EV Sales in India Jump 53% in July to 179,000 Units, EMPS revs up 2- and 3-wheeler Demand
India’s electric vehicle industry has had a good July 2024 on the retail sales front. At 178,948 units, the year-on-year increase was a strong 53%, with an additional 62,328 EVs being sold (July 2023: 116,620 units) or 5,772 EVs being…
Despite poor infra, electric vehicle sales on the rise
Poor infrastructure for electric vehicles (EV) in the city has failed to dampen the spirit of buyers. Since the implementation of the EV Policy in September 2022, as many as 3,281 electric two-wheelers and 1,785 four-wheelers have been registered in…
