Page 4 - Electric Cars

Tesla & Reliance may join hands for EV manufacturing plant in India: Report

Tesla has earmarked $2 billion for its forthcoming endeavours in India and has been scouting various locations, including Gujarat and Maharashtra, as potential sites for the plant

New energy vehicles to account for 50% of China's car sales by 2030

The rating agency also anticipated the automobile industry to contribute 4.5 to 5 per cent of China's nominal GDP by 2030, offsetting weaknesses in other sectors like real estate

EV sales to rise 66% this year after nearly doubling in 2023: Report

The rapid growth in sales comes at a time when EV growth in other key markets such as the United States and China are slowing

'Wait for 7 months'; Buyers line up as Xiaomi launches new SU7 sedan EV

Boasting a range between 700-900 km on a single charge and undercutting popular EVs like Tesla and BYD in price has resulted in long queues of buyers for MI's SU7

Only 5% looking to buy 4-wheeler may purchase EV this year: Survey

Only 5 per cent of those looking to buy a four-wheeler in the country are likely to buy an electric car this year, according to a survey. The survey, based on the response of 40,000 people from across 319 districts, also found that more than half of the "existing or prospective car owners" are willing to buy an electric car if it is available in the Rs 8-10 lakh price range. Car sales in India crossed 4 million units last year while 72,321 electric four-wheelers were registered, according to the survey conducted by online consumer pulse aggregator platform, LocalCircles. If the 5 per cent of the existing/prospective car owners, as found in the survey, buy one car each and the annual car sales maintains the 2023 numbers, it indicates a demand of 200,000 electric cars this year, LocalCircles said. Of the 40,000 respondents who participated in the survey -- conducted over a period of three months -- 42 per cent are from tier-1 cities, 34 per cent from tier 2 and the remaining 24 per c

German carmaker Volkswagen to tap demand for performance-oriented vehicles

Bullish on the growth of the sub-segment, he said it has been fuelled by how the customer preferences are evolving over a period of time

Manufacturers of electric vehicles lukewarm to new subsidy scheme

Short duration, stricter compliance pushes EV makers to consider selling vehicles sans subsidy

Tesla's German gigafactory to restart next week, says works council head

German police said they believed a letter from a far-left organisation called the Volcano Group claiming responsibility for the fire was authentic

Aiming to retain pole position in premium EV segment, says BYD India

The company, which entered the Indian market in 2022, currently sells two electric cars in India -- Atto 3 and e6, a multi-utility vehicle. Seal is the company's third offering

After decade-long odyssey, Apple to wind down its electric car effort

The Apple car team also has several hundred hardware engineers and vehicle designers. It's possible they will be able to apply for jobs on other Apple teams

Tata Group eyeing $1-2 bn IPO of electric vehicle arm in 12-18 mths: Report

As per the report, the Tata group is aiming for a $1-2 billion initial public offering (IPO) of the EV unit and the listing could happen in the next 12-18 months

TMS Ep631: Paytm Payments Bank, electric cars, LIC stock, permacrisis

Can Paytm Payments Bank be rescued? Will price cuts make electric cars zoom? Is the rally in LIC stock nearing its end? What is a 'permacrisis'? All answers here

Jindal-owned JSW plans to produce EVs in Rs 40,000 cr investment push

Sajjan Jindal keen to produce Made in India electric car/CVs

EV two-wheeler sales breach FY23 figures despite cut in FAME-II subsidy

According to the Centre, 734,760 EV two-wheelers have been registered so far in the financial year 2023-2024 period (FY24), nearly 6,400 more units compared to FY23

Hybrid vehicles seen racing ahead in auto battle on possible tax sop

Hybrids, which combine a battery with an internal combustion engine (ICE), usually petrol, are cheaper and suffer no range anxiety while boosting the overall fuel efficiency.

Tesla to recall over 2 mn vehicles in US due to warning font size issue

The recall includes nearly all of its models, including Model S, Model X, 2017-2023 Model 3, Model Y, and 2024 Cybertruck vehicles, NHTSA said

Budget wishlist: Mercedes-Benz India expects long-term GST plan on EVs

Currently, all electric vehicles (EVs) benefit from a concessional GST rate of five per cent, while vehicles running on internal combustion engines (ICE) are charged a 28 per cent GST

Subsidy withdrawal on EVs may lead to stagnated growth: Ather Energy CEO

Withdrawal of government's incentive on sale of electric two-wheelers in April would prompt industry players to work hard and this could result into one or two more years of stagnated growth, Ather Energy's CEO and co-founder Tarun Mehta said on Friday. "The industry is no longer entirely dependent on subsidies for survival but an early discontinuation of the subsidy in April would prompt industry players to tighten their belts and work hard. "Despite this resilience, such a scenario would still result in one or two more years of stagnated growth, pushing the industry further away from its targets," the CEO of the electric two-wheeler firm said in a statement. The central government provides incentives on the sale of two-wheelers, three-wheelers, and four-wheelers under the FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme, which is ending in March this year. In June last year, the central government has already reduced the subsidy amount on electric .

Tesla is raising worker wages as auto union tries to raise its EV plants

Factory workers at Tesla have been told to expect pay raises this year, a move that comes as the United Auto Workers union tries to organize the electric vehicle maker's U.S. plants. The UAW said Thursday that Tesla workers have told the union about company statements on the raises, which did not give details about the size of the increases. After winning strong contracts with Detroit's three automakers last year, the union has embarked on an effort to organize all nonunion auto plants in the U.S., including Tesla's assembly and battery factories in Texas, California and Nevada. The Tesla raises come after nearly all companies with nonunion auto plants announced worker pay increases shortly after the UAW contracts were ratified. The UAW said its organizing drive will target more than a dozen U.S. plants run by Toyota, Honda, Hyundai, Nissan, Subaru, Mazda, Volkswagen, Mercedes, BMW and Volvo. Tesla also is on the list, along with EV startups Rivian and Lucid. UAW President Shawn F

The one-in-five achievement

From every fifth car sold this year expected to be electric to the rise of robotrucks, the landscape of sustainable technologies is evolving rapidly