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…
EV Sales at 842,000 Units in H1 2024 grow 16% but June Numbers Lowest in 12 Months
As per the comprehensive retail sales data on the government of India’s Vahan website, the 842,217 EVs sold in H1 2024 account for 6.69% of the total 12.58 million (1,25,86,934 units) vehicles sold across all segments and petrol, diesel, CNG,…
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…
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…
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…
Govt Considers Offering Incentives for Lithium Processing
India is considering offering incentives to encourage private companies to set up lithium processing facilities, as New Delhi tries to develop its nascent lithium mining and boost supplies of the EV battery metal, three government sources said. It would offer…
