India’s Passenger EV Market Will Hot up in Next 3-4 Years
In 2023, India’s passenger vehicle sales grew 10% YoY, but its electric vehicle (EV) sales nearly doubled to account for 2% of the overall PV sales. This EV surge in EV sales can be can be attributed to factors like,…
Global EV Sales up 12% in March, Down 9% in Europe, Rho Motion Says
Global sales of fully electric and plug-in hybrid vehicles (PHEVs) rose 12% in March versus the same month in 2023, with growth in China and the U.S. market partly offset by a 9% drop in Europe, market research firm Rho…
Janet Yellen Voices Concern About EV Overproduction to China’s Vice Premier
U.S. Treasury Secretary Janet Yellen told China’s Vice Premier He Lifeng on Friday that the two countries should closely communicate on industrial overcapacity and economic actions related to national security as among issues of concern. Yellen’s remark at the opening…
Zypp Electric Registers 3X Revenue Growth in FY24
The company also claims to have achieved a remarkable 396% compound annual growth rate (CAGR) from 2019 to 2022. The company further stated that it has achieved operational profitability and will breakeven in the next 12-18 months. Zypp Electric has…
China Vows to Pull Out All the Stops for EV Supply Chain Buildup
The Chinese government plans to tap all the policy resources available to create a made-in-China electric vehicle supply chain, pressing three state-owned automakers to spend more on R&D. Business executives and senior government officials involved in EV policy announced plans…
A Quarter Of EVs Sold In Europe This Year Will Be Made In China, NGO Predicts
In Europe, electric vehicles made in China are common, even though it might not seem like it at first. Last year, out of the roughly 300,000 EVs sold in the European Union, 19.5% were made in China, and that number…
Electric Vehicles: India’s Share in Global PV Market May Rise to 7% by 2040
A latest estimate by Goldman Sachs has stated that India’s share of the global electric passenger vehicle market may go up to 7.1 per cent by 2040 from the current level of 1 per cent in 2024. As per estimates…
White House Softens EV Mileage Rule in a Win for Futomakers
The Biden administration on Tuesday handed Detroit automakers a major win by easing proposed rules that would have forced them to scale back production of gas-guzzling vehicles or face billions of dollars in fines. The Department of Energy decision, first…
India Approves New EV Policy in Boost to Tesla’s Market Entry Plans
India on Friday said it will lower import taxes on certain electric vehicles for companies committing to at least $500 million in investment and a manufacturing facility within three years, potentially bolstering Tesla’s market entry plans. The new policy mandates…
Robust Charging Infrastructure Needed To Achieve EV 30@30 Target
In recent years, Electric Vehicles (EVs) have proven to be a key solution to address pollution and carbon footprint issues in the country with its burgeoning population and rapid urbanisation. However, a total of 21.7 lakh electric vehicle have been…
