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…
Over 4 Million Plugin Vehicles Sold Globally in 2024
Global EV sales reached 1.1 million units in April 2024, according to EV research-house, Rho Motion, bringing year-to-date (YTD) sales to 4.3 million, 22% greater than the same period in 2023. Battery Electric Vehicles (BEVs) represent 64% of units sold…
Few Chinese Electric Cars are Sold in U.S., But Industry Fears a Flood
The Biden administration’s new tariffs on Chinese electric vehicles won’t have a huge immediate impact on American consumers or the car market because very few such cars are sold in the United States. But the decision reflects deep concern within…
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…
