Page 7 - Electric Cars

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

Uber join hands with EV partners to encourage sustainable mobility

Ride-hailing app Uber on Wednesday announced partnerships with various electric vehicle makers and other entities in India to accelerate the transition of its partners towards sustainable mobility. The company said it has expanded its partnership with EV fleet partners Lithium Urban Technologies, Everest Fleet Pvt Ltd and Moove in order to deploy 25,000 electric cars in India on the Uber platform over the next two years. Besides, Uber said it has teamed up with Zypp Electric for 10,000 EV two-wheelers in Delhi by 2024. The company also announced a partnership with SIDBI to unlock Rs 1,000 crore in EV financing. Uber said it is also bringing its global partnership with BP to India through Jio-bp and has also tied up with GMR Green Energy for fast charging Uber EVs. As part of the sustainability push, the San Francisco-based firm also announced the rollout of Uber Green in Delhi, Mumbai and Bengaluru, starting June. The Uber Green initiative allows passengers to request an all-elec

MG Motor to launch Comet EV in India on April 19; check details here

Comet EV will be one of the most affordable electric cars on the market and is expected to be in direct competition with Tata Tiago EV

Kia India to re-open bookings for EV6 on April 15: Check full details

Kia India announced the re-opening of Kia EV6 booking in India from April 15. The Kia EV6 was launched last year and hiked its price January to Rs 60.95 lakh (ex-showroom)

Electric car batteries perform better with polymer coating: Research

The Advanced Light Source and Molecular Foundry are DOE Office of Science user facilities at Berkeley Lab

Electric vehicles likely to equal petrol cars in price this year: Report

The tipping point when EVs become as cheap or cheaper than cars with internal combustion engines could arrive this year for mass market models and is already the case for some luxury vehicles

Mahindra launches all electric racing 'Gen3 Formula E race car' in India

The Mahindra Formula E and the Mahindra Advanced Design Europe (M.A.D.E.) teams collaborated on the livery design of the Gen3 car

Automakers focus on low-cost battery powered SUVs in budding EV market

Homegrown manufacturers Tata Motors Ltd. and Mahindra & Mahindra Ltd. are now jostling with Chinese giants BYD Co. and SAIC Motor Corp

Auto Expo 2023 | MG Motor showcases MG4 electric hatchback

Gaurav Gupta, CCO, MG Motor India explains the features of MG4 electric vehicle to Business Standard

Auto Expo 2023 | Lexus LF-30 with 110-kWh battery pack unveiled

#AutoExpo2023 #Electriccars #autoexpo At the Auto Expo 2023, Lexus India showcased the LF-30 Concept car.

Electric cars getting too big and bulky, warns US safety regulator

Homendy called out General Motors Co.'s GMC Hummer EV as a particularly egregious example of the trend toward bigger, heavier vehicles, noting it tips the scales at more than 9,000 pounds

JBM Auto launches first self-designed electric luxury coach 'Galaxy'

JBM Auto on Wednesday launched its first self-designed and self-manufactured electric luxury coach 'Galaxy' here at Auto Expo 2023. The company, a part of USD 2.2 billion JBM group, also showcased its new series of e-buses, including city bus, staff bus and school bus. Expanding the company's offering in the emerging electric vehicle segment, JBM Auto Vice Chairman Nishant Arya said it will grow "exponentially" over the next few years. "The new range of electric buses will address the growing market requirements, especially the fleet owners, who are looking for sustainable, safe, reliable and profitable solutions," said Arya. However, the company did not disclose the price of the coach. Currently, 1,000 JBM electric buses are plying in 12 states. "JBM group is the only player in the Indian market to offer an entire EV ecosystem and is committed to investing in green mobility solutions," Arya added. Besides, JBM Auto will invest in upgrading manufacturing capacity and setting up

Auto Expo 2023: Big electric two-wheeler makers don't plug into motor show

Not charged up: Cite high cost of participation, slacking media focus, and low customer interest as reasons to stay away

Home-charging of 2-wheeler EVs may keep public charger demand low

By the year end, Ola Electric will have moved from 50 hyper chargers now to 1,000

CES 2023: US firm ASKA unveils world's first 4-seater flying electric car

The ASKA A5 is the world's first four-seater flying car that can travel by road, and up to 250 miles by air on a single charge

Tesla fined $2.2 mn in S Korea for alleged violations of advertising law

Tesla falsely promoted and exaggerated the driving range and charging speed of its electric cars as well as the estimated savings on fuel costs by using its vehicles

Chinese EV firm Xpeng Aeroht's $1,40,000 car can fly over traffic jams

"The flying car is approaching reality and we think it was the right time to chip in," Brian Gu, Xpeng's president, said on the sidelines of the Dubai event, called GITEX