Electric Vehicle Sales Surge 66% YoY In Q2 2023 With 371,340 Units Sold
Electric vehicle (EV) sales in India reached 371,340 units in the second quarter (Q2) of 2023, a year-over-year (YoY) increase of 66% compared to 223,293 units sold in the same period last year. Sales increased by 6% compared to 349,676 units sold…
EVs Power The Market Higher, US-China Diplomatic Green Shoots Sprout
Asian equities had a strong start to the month as growth stocks and sectors outperformed. Hong Kong and Mainland China benefitted from news that Janet Yellen will visit China this week as green shoots in US-China relations continue to sprout,…
Tesla China On Track To Hit Record Q2 Sales Even As Market Share Shrinks Amid Heated Rivalry
TSLA is gearing up to report its global second-quarter deliveries this weekend. Pointers are toward a record performance, with the electric vehicle maker’s key China market likely seeing marked strength. What Happened: Tesla’s second-quarter China sales may have increased 13% quarter-over-quarter to 155,000 units,…
Electric Two-Wheeler Sales Set To Crash By Over 60 Percent In June 2023
The Ministry of Heavy Industries’ recent reduction of the FAME-II subsidy is severely impacting India’s electric two-wheeler growth. The number is likely to plummet back to the modest sales numbers of June 2022 – 40,000 to 45,000 units – according to industry analysts…
China EV Sales Defy Subsidy Cuts, Maintain Strong Growth in Q1 2023
China’s passenger electric vehicle* (EV) sales grew 29% YoY in Q1 2023, according to the latest research from Counterpoint’s China Passenger Electric Vehicle Model Sales Tracker. Battery EVs (BEVs) made up nearly 70% of the sales. There was a remarkable 88% YoY surge in plug-in hybrid EV (PHEV) sales…
China Extends Tax Breaks For New Energy Vehicles Until 2027
China extended tax breaks for consumers buying clean cars through 2027, estimated to be worth 520 billion yuan (US$72bil or RM335bil) in the coming four years, in an effort to bolster its flagging electric vehicle (EV) industry. The move, announced…
EVs Consumed 204.99 Million Units At Charging Stations In FY23
Electric vehicles which charged in charging stations across India consumed 204.99 million units of power in FY23. The data has been collected for the first time ever by Central Electricity Authority (CEA) from power distribution companies (discoms) across the country….
E-Sprinto Plans to Sell 10,000 Electric Two-Wheelers by End of 2023
E-Sprinto, India’s fastest-growing electric two-wheeler brand has announced its ambitious plans to sell 10,000 eco-friendly electric two-wheelers by the end of the fiscal year 2023. Sales of e-Sprinto Electric Scooter Thus far, the bootstrapped startup has successfully sold over 5500…
Tesla China sells 77,695 Vehicles in May, a 2.44% month-Over-Month Increase
Recent figures released by the China Passenger Car Association (CPCA) have revealed that Tesla China was able to sell a total of 77,695 domestically-produced vehicles in May. The number includes electric cars that were exported to foreign territories. Tesla’s May 2023…
China’s EV Market Recovers, KARS A Fund To Watch
EV manufacturers in China almost all reported rising sales in May as consumer and EV market recovery continues. As demand continues to grow, the KraneShares Electric Vehicles and Future Mobility ETF (KARS) remains well positioned to capture gains. China is home to…
