TVS iQube Electric Scooter Crosses 1.5 Lakh Units Sales Milestone
TVS Motor Company has achieved a significant milestone by selling over 1.50 lakh units of its electric scooter, the TVS iQube. This accomplishment was reached in just 43 months since the iQube’s launch in January 2020. The iQube has gained popularity among…
Subsidy Cut Hits Electric Two-Wheeler Sales
The sale of electric two-wheelers has hit a speed bump after the subsidy under Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) scheme was slashed from 40% to 15% with effect from June 1. The sales dropped…
China To Be centre Of Mercedes-Benz 2025 EV Sales Drive, Automobilwoche Says
Mercedes-Benz is making China, the world’s top auto market, central to its next electric vehicle (EV) campaign starting in 2025, its CEO told German magazine Automobilwoche. “To do this, we must master electric propulsion just as perfectly as digitalisation. That’s…
Overcapacity In China’s EV Battery Industry To Reach Four Times Demand By 2025
China’s electric vehicle (EV) battery industry will face severe overcapacity in the next two years, which could lead to the closure of many small players, according to analysts. Chinese battery manufacturers, which number close to 50, will be able to…
Tesla Offers New China Rebate As Price Cuts Rock EV Market
Tesla on Friday offered a new incentive to boost electric vehicle sales in China as it notified some workers making battery packs at its Shanghai complex of layoffs, according to a company announcement and a worker who had received the…
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…
