EVs With Chinese Parts won’t Qualify for the full $7,500 tax Credit from 2024
The US government has released guidance that will make it harder for EVs to qualify for the full $7,500 tax credit if their batteries contain Chinese components or minerals. New guidance for EV tax credits A couple of days ago,…
E-bus Sales in India will go up to 11-13% by FY25
ICRA points out that the government has sought to boost e-bus adoption through bid aggregation under tenders floated by Convergence Energy Services Limited (CESL). Despite successful OEM participation in the initial tenders, CESL’s third tender faced limited participation due to…
Electric Vehicle Maker Lion Electric Cutting 150 Jobs to Reduce Costs
The Lion Electric Co. says it is cutting 150 jobs or about 10 per cent of its total workforce in a move to reduce costs and improve its ability to reach its profitability objectives. Lion Electric chief executive and founder…
China-made Tesla EVs Grab 1st Place in Imported EV Standings in Korea
China has overtaken Germany as the top exporter of electric vehicles (EVs) to Korea. Korea’s imports of Chinese EVs totaled US$172 million in October, according to the Korea International Trade Association (KITA). That’s more than double the amount of Korea’s…
Electric Vehicles Enliven China Expo in Indonesia
The China (Indonesia) Smart Transportation and New Energy Industry Expo kicked off here on Thursday, with focus on electric vehicles. Renewable energy and smart transportation are key projects to develop technology that improves safety and can reduce dependence on traditional…
Two-wheelers Zoom Ahead on a Double Digit Diwali Rocket
The Indian two-wheeler market which posted a flattish sale in the 2022 festive season is back to a strong double-digit growth inching closer to previous peak on the back growing economy and initial signs of revival at the bottom end…
India Weighs Five-year Tax Cuts on EV Imports to woo Tesla
India is considering tax cuts on the imports of completely-built units of electric vehicles, for a period of up to five years, as it tries to entice the likes of Tesla Inc. to sell and eventually make its cars in…
India Considers Slashing EV Tariffs to Lure Tesla
India is considering a request from Tesla to lower tariffs for imported electric vehicles, according to Indian government officials, as Elon Musk’s company explores setting up a plant in the country. Tesla has asked New Delhi for an initial tariff…
Festive October Powers Strong Double-digit Growth for PV, Two- and Three-wheeler Wholesales
As per the monthly numbers released by apex industry body SIAM, for three vehicle categories (passenger vehicles, two- and three-wheelers), cumulative sales at 2.36 million units are a strong 20% year-on-year growth (October 2022: 19,68,938 units). Importantly, all three segments…
Chipmaker ADI to Boost NEV Growth in China
Analog Devices, Inc, a chipmaker based in the United States, is stepping up efforts to explore deeper into the Chinese vehicle market as the automotive industry is shifting fast towards electrification. Xu Zhibin, general manager for Automotive, Communications, and Consumer…
