Electric Two-Wheeler Sales Set To Crash By Over 60 Percent In June 2023
The Ministry of Heavy Industries’ recent reduction of the FAME-II subsidy is severely impacting India’s electric two-wheeler growth. The number is likely to plummet back to the modest sales numbers of June 2022 – 40,000 to 45,000 units – according to industry analysts…
China EV Sales Defy Subsidy Cuts, Maintain Strong Growth in Q1 2023
China’s passenger electric vehicle* (EV) sales grew 29% YoY in Q1 2023, according to the latest research from Counterpoint’s China Passenger Electric Vehicle Model Sales Tracker. Battery EVs (BEVs) made up nearly 70% of the sales. There was a remarkable 88% YoY surge in plug-in hybrid EV (PHEV) sales…
EV Public Charging Network Market Attractive Growth Proposition Seen in 2023
The EV Public Charging Network market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns,…
China Extends Tax Breaks For New Energy Vehicles Until 2027
China extended tax breaks for consumers buying clean cars through 2027, estimated to be worth 520 billion yuan (US$72bil or RM335bil) in the coming four years, in an effort to bolster its flagging electric vehicle (EV) industry. The move, announced…
Hyundai’s Plans For EVs, Restructuring In China
Hyundai Motor, the No. 3 global automaker by sales with its affiliate Kia Corp , outlined plans on Tuesday for a deepened push into battery development, steps to cut the cost of new electric vehicles and a restructuring of its China operations. Here…
EV Industry Wants Removal Of GST Anomalies: SUN Mobility’s Maini
The Goods and Service Tax Council needs to remove the existing discrepancies for electric vehicles and their components, SUN Mobility’s co-founder Chetan Maini said. In an interview with DH’s Anjali Jain, Maini, who had founded India’s first electric car maker Reva (which was later…
Copper And Silver Components In Electric Vehicle Demand Is Projected To Increase At A 15.1% CAGR Between 2023 And 2031
The global copper and silver components in electric vehicles is likely to reach $9.3 billion by 2031. By 2031, market projections suggest the global market will grow by 15.1% CAGR. More than 20 million electric vehicle charging points are expected to…
Ford Chairman Says US Can’t Yet Compete Against China With EVs
Ford Motor Co Executive Chairman Bill Ford Jr said the US is “not quite yet ready” to compete with China in the production of electric vehicles and said his company is taking an “all hands on deck” approach to prepare. …
M&M Opts Out Of Below Rs 10 Lakh Electric Segment
The passenger EV market has seen two sub Rs 10 lakh launches by as many companies in six months. With prices in the same band as compact sedans and premium hatchbacks, Tata Motors’ Tiago EV and MG Motor’s Comet are…
In Race Against Fuel Challenges, Schneider Electric Canvasses Adoption Of EVs
As the demand for sustainable transportation solutions rises, Schneider Electric has emphasised the need for the adoption of Electric Vehicle solutions to alleviate future fuel challenges. Ajibola Akindele, country president of Schneider Electric highlighted the firm’s commitment towards providing a reliable and…
