Global Electric Bus Market to Grow by USD 68.5bn Over the Next Decade
The global electric bus market is valued at an estimated USD 21.3 billion in 2024 and is projected to reach USD 68.5 billion by 2034, growing at a CAGR of 12.4%. The electric bus market has witnessed remarkable growth in…
Global EV Sales up 35% in October, Propelled by China
Global sales of fully electric and plug-in hybrid vehicles increased 35% in October compared to the same month in 2023, driven by a 54% hike in sales in China, according to market research firm Rho Motion. However, it was a…
More than 6 Lakh Electric 2, 3-wheelers Sold Under PM E-Drive Scheme Since April
More than 6 lakh electric two- and three-wheeler vehicles under the Centre’s flagship EV subsidy scheme PM E-Drive have been sold so far in the current financial year, data from the ministry of heavy industries released on Wednesday showed, as…
ZEEKR Expands European Presence by Launching in Norway, Beginning with Two EV models
Chinese EV brand ZEEKR continues to expand its global presence by sharing plans to launch in another European market – Norway. The initial rollout will consist of two of ZEEKR’s flagship models, which will become available to Norwegian customers very…
Vajram Electric Acquires 40% stake in Varcas Automobiles to Boost EV Market Presence
eBikeGo’s subsidiary Vajram Electric Ltd on Thursday acquired a 40% stake in Hyderabad-based electric vehicle (EV) manufacturer Varcas Automobiles. The acquisition is expected to create new synergies for Vajram that will help the company to scale up production and meet…
MG Windsor Becomes India’s First Passenger EV to Record 15,176 Bookings on the First Day
MG Windsor EV, India’s 1st Intelligent CUV, received a significant customer response minutes after the bookings commenced on Thursday, October 3, 2024, at 7:30 am. Within 24 hours, the company secured bookings for 15,176 units, making MG Windsor India’s 1st…
PM E-Drive EV Subsidy Scheme Comes Into Effect In India Amid Global EV Slowdown
The government has notified a new subsidy scheme for adoption of electric vehicles in the world’s third-largest automotive industry, even as the transition to electric mobility lags globally. Called the PM Drive Revolution in Innovative Vehicle Enhancement, or PM E-Drive,…
AUTO i CARE Boosts EV Ecosystem with New After-Sales and Roadside Assistance Solutions
AUTO i CARE, a leading player in the Indian roadside assistance industry, is proud to announce the expansion of its after-sales and roadside assistance services to include electric vehicle (EV) two-wheelers from all brands and manufacturers across India. This strategic…
Sales of Electric 2-wheelers in India Slump 18% in August
After July 2024’s 107,000-plus retail sales of electric two-wheelers, up 97% YoY, August didn’t really turn out to be an august or impressive month for EV manufacturers, given the high expectations the sector has set for itself. At 88,451 units,…
SWITCH Mobility Taps Into EV Market With Extended Test Drives
Ashok Leyland’s electric vehicle division, SWITCH Mobility Automotive Ltd (SMAL), has recently introduced its electric small commercial vehicles (e-SCVs), the IeV3 and IeV4. Typically the market acceptance and demand for EVs, especially commercial vehicles over two tonne Gross Vehicle Weight…
