EV Sector Could Be Impacted By Falling Crude Oil Prices
Cheap oil could drive automakers to distraction. With crude futures near $26 a barrel, drivers might lose enthusiasm for electric vehicles, especially if governments put support on hold and let pump prices tank. But the push away from hydrocarbons is…
India Heading Towards 100% Electrification Of Vehicles
According to a report by the International Council On Clean Transportation (ICCT), nearly 50 percent of the world’s electric vehicle sales are concentrated in 25 global cities touted as the EV capitals of the world. Startups in India are, however, spearheading a…
UK May Soon Legalise Electric Scooters On Roads
Electric scooters could soon be made legal on roads in the UK and start replacing petrol-fuelled mopeds as part of a £90m plan to revolutionise how the country moves and help meet its net-zero emissions target. Alok Sharma, secretary of state for Business, Energy and Industrial Strategy, who…
Ideanomics MEG Announces Order Of Approximately $575 Million USD From Beijing Silk Road Rainbow Car Rental
Ideanomics has announced a new vehicle order through its MEG subsidiary from rental and leasing services company Beijing Silk Road Rainbow Car Rental Group Co., Ltd., the leading bus operator in Northern China for several major metro markets, including Beijing. The order is…
ABB Acquires Majority Stake In Chinese EV Charging Provider- Chargedot
ABB has completed its acquisition of a majority stake in Chargedot Shanghai New Energy Technology Co., Ltd. The deal was announced on October 28, 2019. The company supplies AC and DC charging stations, as well as the necessary software platform…
Magenta Power Launches ‘ChargeGrid Flare’, India’s First Street Lamp Integrated EV Charger
Magenta Power, a HPCL startup providing green energy solutions, has launched its first Street Lamp Integrated electric vehicle (EV) Charger called ‘ChargeGrid Flare’. The company has planned to roll-out its newly launched Street Lamp Integrated EV Charger into the market…
BMW To Discontinue Many Internal Combustion Engines 2021 Onward
In a press release that contains “profitability” and “EBIT” in its title, BMW included a bit of a bombshell in two paragraphs. First things first, up to 50 percent of “traditional drive train variants” will be eliminated from 2021 onwards. Hybridized and electric vehicles…
A Failure To Attract Gigafactories To Make Batteries For EVs Could Cost The UK 105,000 Jobs By 2040
The UK car industry risks losing out to Europe in the race to build major battery factories that are crucial to the sector’s future, putting jobs at risk across the country, Faraday Institution, a Government-backed research body has warned. Car makers around…
No Relief To The Auto Industry As The Negative Sale Continues Amid Coronavirus Worries
The decline in wholesale dispatches is primarily due to the ongoing economic slowdown and lower production of BS-IV vehicles, claims SIAM. With a weak outlook, there could be more disruptions and plant closures in the coming week amid growing concerns…
With The Market Introduction Of ID.3 This Summer, Volkswagen Will Make E-Mobility Affordable For Many People
Volkswagen issued a press release this week focusing on the upcoming launch of its ID.3 electric car. It confirms that deliveries of its ID.3 First Edition models will begin this summer and adds this interesting twist. The company says virtually all of those…
