EV Sales Break Record Globally In 2021, Market Share Drastically Up
The market share of electric vehicles around the world increased 41 times in the last 10 years and reached 8.3%. Last year, electric vehicle sales reached 6.75 million, up 108% from earlier. Within the scope of the goals of combating…
GAC Presented With 2021 Best Performance Award By Mitsubishi Motors MEA
General Automotive Company (GAC), the official distributor for Mitsubishi Vehicles in Oman, was recently awarded the ‘2021 Best Performance Award’ in Accessories Sales by Mitsubishi Motors Middle East and Africa (MMMEA). GAC was presented with this coveted award, which it…
MG Motor Plans A Second Plant In India And Rs.5000 Cr Investment
After recently announcing a growth of over 69% in the first quarter of this year over Q4 2021, MG Motor India Private Limited according to reports, is planning to raise up to 5,000 crore in additional funds via external commercial…
Vienna To Stop Buying Combustion Vehicles From 2025
The City of Vienna will no longer procure any new petrol or diesel vehicles for the municipal fleet from 2025 at the latest. Possible exceptions apply to certain special vehicles for which no CO2-free alternatives are available by then. However,…
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…
