Page 103 - Electric Vehicles

EU formally bans gas, diesel car sales from 2035 to boost EV transition

In a move to boost the transition to electric vehicles (EVs), the European Parliament has approved the law to ban the sale of new gas and diesel cars in the EU, starting in 2035.

FAME: Electric 2-wheeler manufacturers deny allegations of non-compliance

Allegations have been made that the manufacturers are availing subsidy benefits without complying with the localisation requirements

TVS Motor in talks with ADIA, Goldman, Carlyle for EV investment: Report

The $300 million to $350 million investment would value TVS at about $3 billion to $3.5 billion, likely making it India's most valuable EV two-wheeler manufacturer, ET said

Supply uncertainty, EV push bring challenges to city gas distributors

Apart from hardships for domestic consumers using it for cooking, the rise in CGD prices indirectly has an impact on the government's goal of achieving 15% share of natural gas in the energy basket

Govts must speed up investments in EV charging infra: Volvo Cars

Some customers will hold back from buying EVs due to lack of such infra

Tamil Nadu's new EV policy offers incentives for manufacturers, users

State offers subsidies and tax breaks, will declare six cities as EV cities

Tamil Nadu's new EV policy offers various incentives for the sector

Reimbursement of state goods and services tax (SGST), investment and turnover based subsidy, advanced chemistry cell subsidy, electrification of public and commercial transport.

Piaggio Vehicles announces entry of Ape Electrik 3-wheeler in Philippines

Piaggio Vehicles Pvt Ltd (PVPL), the Indian subsidiary of Italian auto major Piaggio Group, on Tuesday announced the entry of its electric three-wheeler Ape Electrik in the Philippines for last-mile mobility. The electric three-wheeler will be manufactured at PVPL's Baramati manufacturing facility in Maharashtra. "For Piaggio Vehicles, entry into the Philippines is a stepping-stone towards accelerating the adoption of EVs across the world and towards a sustainable planet. "We see huge export potential to the market and also aim to meaningfully contribute to their EV ambitions," said Diego Graffi, Chairman and Managing Director, Piaggio Vehicles Pvt Ltd. These vehicles will be powered by the SUN Mobility's advanced battery-swapping technology. To be available in the Philippines through a subsidiary of Rusco Motors Inc, the vehicle will be the country's first electric three-wheeler for last-mile mobility, it said. SUN Mobility has further strengthened its association with Piaggio a

Ford to build $3.5 bn EV battery plant in Michigan, employ 2,500 people

Ford Motor Co. plans to build a $3.5 billion electric vehicle battery plant about 100 miles (160 kilometers) west of Detroit that would employ about 2,500 people. The plant was revealed Monday at a meeting of the Michigan Strategic Fund, which approved a large tax incentive package for the project near the city of Marshall. It will be built on a site that's being readied for industrial development near the junction of Interstates 94 and 69. Gabby Bruno, director of economic development for Ford, said there was no lack of competition for this project. She said Michigan competed against numerous states and countries to secure the investment. Ford has scheduled press conferences later Monday to make electric vehicle announcements. About $210 million for the Ford plant came from Michigan's Strategic Outreach and Attraction Reserve Fund, known as SOAR, set up to lure industry and jobs to the state. But the total size of the incentive package wasn't clear. The SOAR Fund has received n

Nissan, Renault to invest Rs 5,300 cr in India to make 6 new models

Alliance announces country plan to increase production, scale up research and shift to carbon-neutral manufacturing

New 'diverse' management team at Toyota Motor has no woman

Firm to accelerate shift in EV strategy

Musk-owned Tesla adjusts its EV pricing for 4th time in US in over a month

Elon Musk-owned Tesla has adjusted the pricing for its electric vehicle in the US for the fourth time in just over a month

Domestic commercial vehicle sales volume likely to grow by 9-11% in FY24

Domestic commercial vehicle sales volume is expected to grow 9-11 per cent in FY24 driven by medium and heavy commercial vehicles and an estimated economic growth of around 6 per cent, rating agency CRISIL said on Monday. Besides, an increased allocation to infrastructure spending in the Union Budget for next fiscal year will support demand, it said. This would be the third consecutive year of growth in the domestic CV industry, according to CRISIL. Of the total domestic CV sales, the light commercial vehicle (LCV) segment may grow 8-10 per cent while the medium and heavy commercial vehicle (MHCV) sale is expected to register a higher growth of 13-15 per cent in FY24, it said. With strong demand prospects, we expect LCV sale volumes to grow 8-10 per cent next fiscal, and cross pre-pandemic (fiscal 2019) sale volumes. MHCV sale volumes will continue to grow faster than LCVs at 13-15 per cent next fiscal, but are expected to exceed pre-pandemic sale volumes in fiscal 2025, said Anuj

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

Ola rides down the value chain, accelerates into the mass market

Ola is also pushing the pedal in the premium electric scooter market ( Rs 1 lakh to Rs 1.5 lakh) where it has a 50 per cent share

A slow turn in EV sales as investor funding, state subsidies continue

Fewer than six out of every 100 vehicles sold in India are electric

Ola Electric unveils 5 electric motorcycles, launch planned next year

Ola said the success of the S1 Pro and S1 have cemented its market leadership

World's fastest accelerating e-car unveiled at Hyderabad e-motor show

Battista, the world's fastest accelerating electric car, was unveiled at Hyderabad E-Motor Show here on Thursday

Mahindra to invest $121 million to set up EV facility in Telangana

Mahindra and Mahindra said on Thursday it will invest 10 billion rupees ($121 million) to set up a manufacturing facility in the southern state of Telangana to make electric three- and four-wheelers

Unintended consequences

Subsidy on EVs must be revisited