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 Stock Servotech Power Systems hits Upper Circuit after 15% Rally in one Month
Servotech Power Systems share price has been on an uptrend for one month. Shares of the EV charging solution provider company have risen from around ₹84.50 to ₹97.43 per share, recording more than a 15 per cent rise in this…
Volvo’s U.S. PHEV Sales Outsold EVs By A Ratio Of 9 To 1 In Q2 2024
Volvo Cars USA reported that in June, its car sales in the U.S. decreased by 28% year-over-year to 9,304. The company explained that the results were impacted by “third-party IT-related disturbances that affected retailers across the industry.” Volvo’s plug-in car…
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,…
Tata Motors Achieves 1.5 Lakh EV Sales Milestone
Tata Motors has achieved a significant milestone with its electric vehicle business. The carmaker has sold over 1.5 lakh units of its EVs in India. Additionally, the brand has achieved a Y-o-Y growth of 48 per cent by selling 73,800…
Strategic Partnership Between Hubject and Exicom Aims to Fuel Further Growth in India’s Booming EV Market
Hubject, the EV Interoperability market leader, has entered into a strategic partnership with Exicom, India’s largest EV charger manufacturer and a trusted partner for global automobile leaders, charge point operators and other ecosystem players. The overall aim of the partnership…
Volvo Car India Surpasses 1000 EV Deliveries on World Environment Day
Volvo Car India today announced that the company has crossed the historic milestone of delivering over 1000 electric vehicles. Volvo Car India offers three EV models in India, the XC40 Recharge, the born electric C40 Recharge and the single motor…
Canada Mulls Chinese EV Tariff Following U.S. Move but is Not Committing to it
Canada is looking at the massive new U.S. import tariffs on Chinese-made electric vehicles imposed by President Joe Biden earlier this month, but is not making any commitment to following suit north of the border. Chinese brands are not a…
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…
Govt to Hold 2nd Meet With Stakeholders to Issue Draft Guidelines for New EV Policy
The Ministry of Heavy Industries will hold a second round of meeting with stakeholders in a “month or two” to issue draft guidelines for the new electric vehicle (EV) policy that has been framed to attract global automakers like Tesla…
