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…
MG ZS EV Dominates In Resale Value In Droom Study
The automobile industry has been experiencing a significant shift towards Electric vehicles (EVs) as a more sustainable and eco-friendly mobility solution. Among the leading players in this emerging market are Tata Motors and MG Motor India, both offering impressive electric SUVs. The…
Tata Motors Total Sales Decline YoY, Electric Cars Give Firm A Boost
Tata Motors sold 74,973 vehicles in May 2023, down 2 per cent year-on-year (YoY) as the automaker made gains in the electric cars (EV) market. The company’s total private vehicle sales went up by 6 per cent YoY at…
Electric Two-Wheelers Will Get More Expensive Now
The Faster Adoption and Manufacturing of (hybrid &) Electric vehicles Phase II (FAME II) scheme was implemented in April 2019 by the central government to incentivise buyers to purchase electric 2-wheelers by providing a substantial subsidy on their price. This…
Tesla Proposes To Set Up EV Plant In India
Tesla has proposed setting up a factory in India to build electric cars for domestic sales and exports, which as senior executives discussed the plan for local sourcing of parts with government officials on 17 May, 2023, during their visit…
Feature: Lebanon Sees Surging Demand For Chinese EVs
Demand for Chinese electric vehicles (EVs) in the Lebanese market has surged over the past two years, according to car exhibitors at the 2nd edition of the E-MotorShow Middle East for Electric & Hybrid cars, who expected that Chinese cars…
Automakers Commit To Increasing Electric Car Sales In The US
Declaring the U.S. must “move fast” to win the carmaking future, President Joe Biden on touted a commitment from the auto industry to make electric vehicles up to half of U.S. sales by the end of the decade. Biden wants…
