EV Two-wheeler Sales Breach FY23 Figures Despite Cut in FAME-II Subsidy
The Centre, on Friday, informed that the electric vehicle (EV) two-wheeler sales have increased in the current financial year 2023-2024 (FY24) at 734,760 units so far, despite reducing the subsidy to 15 per cent of the ex-factory price from the…
Germany Set for 14% Drop in Electric-vehicle Sales as Carmakers Scale Back Ambitions And Demand ‘does not look good’
Standing at the front of the room at an auto industry association’s new year reception in Berlin this week, BMW CEO Oliver Zipse had reason to feel vindicated. Onstage, Transport Minister Volker Wissing was preaching to the crowd of policymakers…
PwC Analysis Shows German Electric Vehicles Gaining Momentum in China
According to an analysis by consulting firm PwC, German car manufacturers have made up ground on the world’s electric car markets. In China, their largest sales market, they sold 49% more e-cars last year than in the previous year, growing…
Over 3.4 Million EVs on Indian Roads, Maharashtra Leads in 2Ws, PVs and buses, UP in 3Ws
India’s electric vehicle (EV) industry wrapped up CY2023 on a strong note with total retails surpassing 1.53 million units, an increase of 49% over CY2022’s 1.02 million units. The past two years have been particularly good for the sector as…
Elon Musk Says Chinese Electric Car Brands Could ‘demolish’ Rivals as Tesla Earnings Fall
Tesla became the most valuable automaker in the world promising unmatched sales growth. But in the face of growing EV sales by rival brands, Tesla Wednesday backed off its former bullish sales targets. Tesla has been cutting prices for more…
China Says EU’s ‘unfair’ EV Subsidies Probe Risks Damaging Ties
China’s ambassador to the EU, Fu Cong, criticized the EU’s probe into Chinese electric vehicle manufacturers, calling it unfair. Cong emphasized China’s cooperation with the investigation to avoid trade measures. He pointed out that the EU also subsidizes its own…
EVs Development, Adoption to Play Major Role in India’s Transition to Low Carbon Economy
The Indian government has outlined its vision to make the country a developed nation by 2047, with a major focus on the shift towards electric vehicles (EVs). The plan includes tax incentives, production linked incentive schemes, and the mandatory provision…
Red Sea Crisis is Disrupting the Electric-Car Industry
Automotive giants Tesla and Volvo have announced pauses to the production of their electric vehicles (EVs) in Europe. Electric vehicles are seeing record sales and demand worldwide, but a lack of parts means that factories cannot sustain their production. The…
Ola IPO Will Drive Indian EVs Back to the Future
India’s electric vehicle makers are stepping into the spotlight. Ola Electric Mobility is revving up an initial public offering and could spark something akin to the mania that fueled share sales by Chinese upstarts like Nio a few years ago….
Global Auto Market to Grow Modestly as China Leads EV Adoption
The global automotive market is projected to grow modestly this year, with a 1.6 percent increase to 84.12 million units signaling a tempered post-pandemic recovery, as global carmakers are looking to adopt strategies from Chinese carmakers to spur mass adoption…
