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…
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….
BYD’s First Chartered Vessel Sets Sail with 5,000 EVs for Europe
BYD’s first chartered vehicle vessel has set sail from China’s southern city of Shenzhen, carrying more than 5,000 electric vehicles to Europe, state media Xinhua reported on Tuesday. Chinese automakers including BYD, Chery Automobile and SAIC Motor have been placing…
Chinese Auto Exports up 64% with Strong Push by EVs
China’s auto exports surged 63.7 per cent in 2023, while domestic sales, boosted by year-end incentives, rose 4.2 per cent, an industry association has said. The surge in exports, to 4.1 million according to the China Association of Automobile Manufacturers,…
China’s BYD overtakes Tesla for Most EV Sales
U.S. car maker Tesla has lost its crown for most sales of all-electric vehicles to Chinese firm BYD, which has capitalized on Beijing’s strong government support for the burgeoning sector. The U.S.-based car manufacturer run by billionaire Elon Musk delivered…
Big Spurt in Pvt Electric Car Sales in Delhi, Reveals Data From 2023
In 2021, a total of 1,526 private electric cars were sold in the Capital, the number increased to 3,114 in 2022 and 5,800 in 2023. The sale of private electric cars in Delhi has witnessed a huge jump over the…
Electric 2-wheeler Sales up 17% in India as Electrification Improves
Electric two-wheeler (E2W) sales volume in India rose 17 per cent year-on-year in December as electrification improved after a recent hiatus, a report showed on Wednesday. In the E2W space, Ola Electric (Ola) remained the market leader by volume and…
