Page 6 - Electric Cars

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SMEV writes to Gadkari, seeks unified policy of road tax exemption for EVs

Society of Manufacturers of Electric Vehicles (SMEV) on Tuesday urged the government to formulate a unified policy of road tax exemption for Electric Vehicles (EVs) across the country. In a letter to the Union Road Transport and Highways Minister Nitin Gadkari, SMEV said a consistent and favourable policy environment is essential to accelerate the shift towards electric mobility in India. "I am writing to request your esteemed office to weigh in on a unified policy of road tax exemption for EVs that will play a pivotal role in encouraging the adoption of clean and sustainable transportation options, which is vital for our nation's environmental and economic future," SMEV Chief Evangelist Sanjay Kaul wrote. In July, SMEV had named Kaul as its Chief Evangelist to help revise the association's agenda. In view of the Ministry of Heavy Industries' decision to reduce the subsidy component mid-way through the FAME II scheme, this input (unified policy of road tax exemption for EVs) from t

Cheap cash to tax breaks: Here's how China subsidises its EV sector

Essentially, subsidies and support for any industry in China are usually a mix of payments and benefits at local, provincial and national levels

Tata to launch Nexon, Nexon EV facelift 2023 today, Check where to watch

Tata Nexon and Nexon EV facelift 2023 will be launched today at 12 p.m. This is India's top-selling SUV, check here the expected price, live-streaming, variants and more

Fyn partners with Euler Motors to procure 2,000 fast charging 3-wheeler EVs

EV-as-a-service platform Fyn on Wednesday said it has formed a strategic partnership with Euler Motors to procure 2,000 fast charging 3-wheeler EVs. The order will fuel the company's plans to expand to new geographies within the domestic market, including Mumbai, Delhi, and Coimbatore. Fyn also said it has secured funding from Malaysian energy group Petronas-backed Gentari for the entire order from Euler. Euler Motors is all set to deliver 2,000 units of its flagship electric three-wheeler HiLoad over the next 18 months, the company said in a statement. Gentari aims to establish a Vehicle-as-a-Service (VaaS) fleet in India, Malaysia and APAC to drive sustainable mobility switch and adoption, and is looking to have a 10 per cent market share of charging points and EVaaS across key markets in APAC, including India, Fyn said. To meet the growing demand from the logistics sector, Fyn is leveraging its innovative platform approach to unite all EV stakeholders on a single platform, it .

Higher investment means Hyundai could get $2.1 bn to make EVs in Georgia

The state of Georgia and local governments are on track to give $2.1 billion in tax breaks and other incentives to Hyundai Motor Group after the South Korean automaker and a partner announced last month that it will invest an additional $2 billion at an electric vehicle complex it's building in Georgia. Associated Press calculations show projected incentives will rise by more than $290 million from the $1.8 billion deal originally announced last year. Only $2.75 million of that represents additional cash from the state. The rest will come from increases in tax breaks. The deal calls for Hyundai and battery maker LG Energy Solution to invest $7.6 billion in the Georgia plant and hire 8,500 workers by the end of 2031. That's up from the original job projection of 8,100 at the sprawling electric vehicle and battery complex being built in Ellabell, west of Savannah. It's the largest economic development deal in Georgia history, and comes with the largest incentive package. State leader

BMW unwraps next-generation EV lineup to take on Tesla, China's BYD

The Vision Neue Klasse concept car, on display at next week's IAA show in Munich, shows off BMW's dedicated EV underpinnings due in 2025

BYD reports its weakest revenue as auto price war takes a toll in China

Revenue rose 67 per cent to 140 billion yuan ($17.8 billion) in the three months ended June, the smallest gain since the first quarter of 2022, according to Bloomberg calculations

Audi Q8 e-tron launched in India at a starting price of Rs 1.13 crore

6 out 15 Audi models in India now electric

Maruti adds pedestrian safety alarm in EV hybrid variants of Grand Vitara

Maruti Suzuki India on Monday said it has introduced a pedestrian safety vehicle alarm feature in the electric hybrid variants of its SUV Grand Vitara, which will push up prices by up to Rs 4,000. The company announced the addition of Acoustic Vehicle Alerting System (AVAS) for the intelligent electric hybrid variants of the Grand Vitara. This technology is designed to help keep drivers and pedestrians safe by alerting them about the presence of a vehicle, Maruti Suzuki India said in a regulatory filing. The system works by emitting a low-level alert sound that can be heard up to five feet away, giving pedestrians and other nearby drivers a heads-up that a vehicle is nearby, it added. The addition of AVAS for pedestrian safety makes the Grand Vitara compliant with upcoming regulations, the company said. The price change in these variants of the Grand Vitara ranges up to Rs 4,000 (ex-showroom Delhi) effective from July 17, 2023, it added. The electric hybrid variants of the Grand .

India moves to bridge charging gap as electric car sales cross 100,000-mark

Europe has a public charger for every three electric cars and the United States for every six, shows International Energy Agency data

Elon Musk's Tesla may have already won the charging technology wars

Some industry officials fear that the messy corporate jockeying over charging technology could discourage people from buying electric cars

Tata Power partners with Le Roi Hotels to install 16 EV charging stations

Tata Power on Monday said it will install EV charging infrastructure at various hotel locations of Le Roi Hotels and Resorts across India. In a statement, Tata Power said it has "partnered with Le Roi Hotels and Resorts to install EV charging stations across their hotels at various locations in the country, in a collaborative effort to promote green mobility and enhance the sustainability of tourist destinations". Tata Power will install 16 chargers spread across 8 locations. There will be a balanced distribution of 8 fast DC (CCS-II) chargers and 8 AC (Type II) chargers, offering a comprehensive range of charging solutions for electric vehicle owners. The locations include Udaipur, Digha, Haridwar, Jammu, Tehri, Raipur, Corbett and Koti. "We aim to empower both residents and travellers to wholeheartedly embrace electric mobility with utmost confidence, creating a seamless and convenient experience for all," Virendra Goyal, Head of Business Development (EV Charging) at Tata Power,

Kia to launch all-electric EV9 SUV that gives 501 kms on single charge

Kia, South Korea's second-biggest carmaker, said on Sunday it will launch its all-electric EV9 flagship SUV in the domestic market this week as part of its electrification efforts

Delhi govt plans EV festival to promote safe usage; drafts proposal: Report

The series of EV festivals will also bring stakeholders, which will include buyers, sellers, battery providers, and swapping agencies - for all segments of two, three, and four-wheelers

Hyundai to utilise $5.9 bn in overseas operations' money for EV investments

Hyundai Motor Group said on Monday it will utilise 7.8 trillion won ($5.9 billion) worth of reservation money held by its overseas operations to push forward planned investments in domestic EV plants

Uber gears up for an electric vehicle future amid rising competition

It has drawn up plans to include more electric vehicles in its fleet by tying up with manufacturers, fleet owners and charging stations

EV financing platform Revfin Services raises $5 million from US FDC

EV financing platform Revfin Services on Friday said it has secured USD 5 million funding from the United States International Development Finance Corporation (DFC). The investment is part of DFC's portfolio for impact and innovation and seeks to promote inclusive financing for EV adoption in India, Revfin said in a release. The freshly infused capital will be deployed for new products and in expanding company's footprint, it stated. Revfin said it plans to finance two million electric vehicles in the next five years. According to the company, it has already invested in over 21,800 electric three-wheelers and funds from DFC will further bolster its growth plans, which include new products by diversifying into two-wheelers for last-mile deliveries, four-wheelers for mid-mile cargo delivery, and ride-share taxis. "The EV industry in India has tremendous potential and also provides good employment prospects. The growth of the industry is restricted due to the limited financing option

Toyota to build $50 mn lab to test electric, hybrid vehicles batteries

Toyota says it will spend nearly USD 50 million to build a vehicle battery testing laboratory at its North American research centre in Michigan. The company said Thursday that the lab in York Township south of Ann Arbor will test batteries made for hybrid and electric vehicles at a new factory in North Carolina, as well as from battery suppliers. No new jobs will be created because Toyota will reassign workers from other areas and provide training as needed. The company says the lab is expected to begin work in 2025 and could be expanded as more electric vehicles are made. The lab will do performance, quality and durability testing, as well as testing of charging capabilities. This new facility also enables us to experiment and pursue new opportunities as technology and business needs advance, Jordan Choby, group vice president of powertrain, said in a statement. Last month Toyota said it would invest another USD 2.1 billion in the battery factory that's under construction near .

As the US races ahead, Europe frets about battery factory subsidies

The European Union is trying to assemble the building blocks to produce electric cars, but subsidies are luring companies to the United States