The US Treasury implemented new battery sourcing rules in December, to reduce dependence on Chinese suppliers in the electric vehicle supply chain. As a result of these rules, many electric vehicles, including models from Nissan, Tesla (Cybertruck All-Wheel Drive, Model 3 Rear Wheel Drive) and Chevrolet (Blazer EV), lost eligibility for tax credits of up […]
Japanese electronics firm Toshiba has identified power management chips as an immediate profit driver on the back of surging electric vehicle (EV) demand. The optimistic vision was notified by the company’s Chief Executive Taro Shimada on Friday, as the company was taken private. Toshiba completed its USD 14 billion buyout by private equity firm Japan […]
Ola Electric, led by Bhavish Aggarwal, has transitioned into a public company in preparation for an upcoming public listing, according to media reports. The transformation from Ola Electric Mobility to Ola Electric Mobility was officially documented in filings with the Registrar of Companies, Bengaluru. The company, a prominent player in electric vehicle manufacturing, is set […]
Hyundai Motor Company aims to boost its annual electric vehicle sales to 2 million units by 2030, against its earlier target of 1.87 million, in line with rising global demands. Considering that the proportion of global EV production is set to increase from 8 per cent this year to 34 per cent in 2030, the […]
Automaker Honda on Tuesday said it plans to launch five new SUVs in India by 2030. Honda’s latest SUV car ELEVATE had its global unveiling today at an event held in India. Of those five, a battery electric vehicle-based SUV is planned to be launched in India within three years as part of its carbon […]
Under the flagship initiative of the Delhi government, 100 EV (electric vehicles) charging stations will be established at various metro stations, bus depots and other places across the national capital. On Thursday, Delhi Power Minister Atishi reviewed the project along with the power department officials. During the meeting, Atishi directed the officials of the power […]
The sales of total vehicle retail grew 14 per cent to 18,26,669 units in January from 16,08,505 units in the corresponding month of 2022, the Federation of Automobile Dealers Associations (FADA) said on Monday. According to FADA, passenger vehicles (PV) grew 21.92 per cent to 3,40,220 units in January 2023, against 2,79,050 during the same […]
