EVs lose the Funding Race as Investors Drive hard Bargain
Funding for India’s electric vehicle (EV) sector has nearly halved between 2022 and 2024 as policy changes and a decline in sales growth prompt investors to push for better unit economics and profitability at companies before committing further capital. According…
Karnataka, Maharashtra, and Uttar Pradesh Lead India in EV Public Charging Station Installations
India’s public electric vehicle (EV) charging infrastructure has crossed a significant milestone, with over 25,000 public charging stations (PCS) installed nationwide. Karnataka, Maharashtra, and Uttar Pradesh have emerged as the frontrunners, leading the charge in EV adoption and infrastructure expansion….
China leads global EV Sales as it hits Third Consecutive Record High
Global sales of fully electric and plug-in hybrid vehicles rose for a seventh consecutive month in November, jumping 32 per cent year on year for a third consecutive record high, data from market research firm Rho Motion showed on Friday….
Electric Vehicle Sales Down 12% in November After Festival-driven rush
Electric vehicle (EV) sales in India fell 12 per cent in November 2024 to 191,554 units, down from 219,021 units recorded in October, as the festival-driven surge subsided. However, on a year-on-year (Y-o-Y) basis, sales surged 31 per cent, compared…
Electric 2-wheeler Sales see 29 pc Growth in India in Nov
India saw 29 per cent growth (year-on-year) in electric two-wheeler (e2W) sales in the month of November at 118,924 units, which took cumulative 11-month sales of e2Ws to 1.07 million units. It was the third best month for the electric…
EV Charging Equipment Market Global Outlook & Forecast 2024-2029
The global EV charging equipment market is highly fragmented, with numerous players ranging from specialized startups to established multinational corporations. This fragmentation stems from the rapid growth in EV adoption, leading to a diverse range of solutions tailored to various…
EV Sector Needs Graded PLI 2.0 For Startups, Smaller Players: Sulajja Firodia Motwani
A graded second version of the performance-linked incentive scheme is needed to boost electric vehicle adoption, that specifically benefits startups and smaller industry players, said Sulajja Firodia Motwani, founder of Kinetic Green Energy and Power Solutions Ltd. The EV demand…
Is Electric Trike the Next Revolution in EV Mobility in Logistics?
Electric trikes or electric-powered tricycles are emerging as a game-changer in the EV market, particularly for logistics, first-mile, mid-mile, and last-mile delivery services. Due to the rise in demand for greater sustainability and efficient transport and delivery solutions, electric trikes…
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…
