Page 5 - Electric Vehicles

Donald Trump's transition team aims to kill Biden admin's EV tax credit

Elon Musk, one of Trump's biggest backers and the world's richest person, said in July that killing the subsidy might slightly hurt Tesla sales but would be "devastating" to its U.S. EV competitors

Govt starts consultations for subsidy under PM E-DRIVE, e-truck adoption

The Heavy Industries Ministry on Thursday started consultations with stakeholders on the Rs 500 crore subsidy outlay under the PM E-drive scheme and frame guidelines to fast-track the adoption of electric trucks. In the first meeting on Thursday, officials stressed the need for truck makers, buyers and banks to come together for a faster and smoother transition to e-trucks. The meeting was attended by representatives of the Indian Ports Association, Ashok Leyland, Tata Motors, BillionE Mobility, Olectra, Amazon, Flipkart, Switch Labs, Murugappa group Volvo Eicher, Mahindra Trucks, apart from representatives from industry associations like SIAM and ICCT. During the consultation on e-trucks, Secretary of the Heavy Industries Ministry Kamran Rizvi highlighted that the meeting marks the first-of-its-kind government initiative on e-trucks. "The e-truck phase has just begun, and India is among the 5-6 countries globally manufacturing e-trucks," Rizvi said. He also added that in line wit

Air taxi startup ePlane Co raises $14 million; eyes testing in mid-2025

The global air taxi market was valued at $2.3 billion in 2023 and is projected to be worth $14 billion by end-2032, a study by Global Market Insights showed

Subsidy fuel running low, electric two-wheeler firms race against time

With sales surpassing 100,000 in October, companies expect the trend to continue until March 31, 2025

MG's Windsor sales in top gear, Tata Motors' EV monopoly under threat

Tata Motors said that it has 'done the maths' on the BaaS model, and is 'unconvinced' about its passenger vehicles

Pent-up demand for cars now over; growth will be only 3-4%: Maruti Chairman

Bhargava discusses the reasons for the slowdown and their strategy in the EV market

Brits won't be able to buy new Jaguars until 2026 as brand goes electric

JLR laid plans to take Jaguar in an EV-only direction in early 2021, only months after then-PM Boris Johnson announced plans to phase out sales of new petrol or diesel cars by the end of the decade

Flipkart achieves EV deployment target of over 10,000 in delivery fleet

The firm said it is adopting a fully electric logistics last-mile fleet by 2030 as part of the Climate Group's EV100 initiative

China's BYD closing in on Ford deliveries after besting Tesla on revenue

The extraordinary sales volumes being pumped out by China's best-selling car brand means BYD has a shot at beating Ford

Ashok Leyland targets Ebitda break-even for Switch Mobility in FY25

Switch Mobility has order book of over 2,000 vehicles, including an order for 500 electric buses from MTC Chennai

Ola Electric posts revenue of Rs 1,240 crore in Q2FY25, up by 38.5%

The firm's consolidated loss narrowed to Rs 495 crore compared with Rs 524 crore in last quarter

Vajram Electric Ltd. gears up for major fundraising to expand manufacturing facility, targeting global brands

.

Sterling Tech-Mobility partners with Chinese firm to set EV component plant

Sterling Tech-Mobility Ltd on Monday said it will set up a manufacturing facility in collaboration with Chinese firm Kunshan GLVAC Yuantong New Energy Technology for advance high-voltage DC contactors and relays for electric and hybrid vehicles in Bengaluru at an investment of Rs 40 crore. The collaboration, which is aimed at the domestic production of these auto parts, is expected to generate Rs 250 crore in business by FY30 and Sterling Tools will bring the niche technology to manufacture and assemble HVDC contactors and relays locally at a new facility in Bengaluru, a release said. Sterling Tech-Mobility Limited is a wholly-owned subsidiary of Sterling Tools Partners while GLVACYT is 100 per cent-owned by Kunshan GuoLi Electronic Technology Co Ltd. The development will empower Indian OEMs, tier-I companies, and other suppliers to access advanced technology right at home, building a self-reliant ecosystem for the electric vehicles (EV) and hybrid electric vehicles (HEV) sectors, t

Suzuki Motor unveils battery EV model e-Vitara; to start production in 2025

The e-Vitara is based on the concept model 'Evx,' which was showcased at the Auto Expo in India in January 2023. It represents Suzuki's first global strategic BEV model

Royal Enfield reveals first EV brand Flying Flea-C6, to hit markets next yr

Royal Enfield, a division of Eicher Motors, forayed into electric bike space on Monday with the unveiling of its first model under the all-new Flying Flea brand

China's messy EV dispute with European Union keeps trade tensions in check

China has incentives to contain the dispute: Its economy is slowing and it needs to find buyers for its EVs to ward off deflationary pressures

China files complaint at WTO over EU anti-subsidy tariffs on Chinese EVs

China has moved forward with a complaint at the World Trade Organisation that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles. The Chinese diplomatic mission to the WTO said Monday it strongly opposes the measures and insisted its move was designed to protect the EV industry and support a global transition toward greener technologies. The European bloc announced last month it was imposing import duties of up to 35% on electric vehicles from China, alleging the Chinese exports were unfairly undercutting EU industry prices. The duties are set to remain in force for five years, unless an amicable deal can be struck. Electric vehicles have become a major flashpoint in a broader trade dispute over the influence of Chinese government subsidies on European markets and Beijing's burgeoning exports of green technology to the bloc. China alleged that the EU move amounted to an abuse of trade remedies that violates WTO rules, and amount

Royal Enfield enters a new era with launch of electric vehicle brand

The first model under Flying Flea to hit the road next year will be the FF-C6

Suzuki Motor unveils first battery electric SUV, 'e Vitara' in Europe

Suzuki Motor Corporation on Monday unveiled its first mass-production battery electric vehicle -- the e Vitara -- in Europe. Production of the model is slated to commence at Suzuki Motor Gujarat in India in spring 2025, with sales expected to begin in various countries, including Europe, India, and Japan, around summer 2025, the Japanese automaker said in a statement. Maruti Suzuki India plans to launch the model next year. Suzuki has about 58 per cent stake in Maruti Suzuki India. The e VITARA is based on the concept model "eVX", which was showcased at the Auto Expo held in India in January 2023, and at the Japan Mobility Show in October same year. The model marks Suzuki's first global strategic BEV model. "The e Vitara is our first BEV, developed through repeated trial and error to create an easy-to-use BEV for our customers," Suzuki Motor Corporation President and Representative Director Toshihiro Suzuki said. To realise a carbon-neutral society, the company will provide a var

China's Nio plans to sell its first hybrid car model overseas only by 2026

Development of the extended range hybrid, under the Firefly brand, stems from suggestions by Nio's main investor, Abu Dhabi investment vehicle CYVN Holdings