Page 53 - Electric Vehicles

Why the rise of China's EV makers holds lessons for other countries

The policies employed by China's leaders are now being emulated by Western governments, which are trying to make their own EV makers more competitive

Electric 2-wheelers may need more domestic value addition for subsidy

The EMPS replaced the FAME-II scheme, where auto companies were provided Rs 11,500 crore as subsidy

Volkswagen's $5 bn investment in US's Rivian boosts EV maker's shares

Shares of Rivian surged about 50 per cent in extended trade after the announcement

CAFE III emission targets to disrupt PV market trends 2027 onwards: Chandra

Shailesh Chandra, managing director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said that CAFE III standards, which will hit the industry around 2027

RR Global-backed BGauss aims for major EV market share riding on RUV350

The company envisions EV-2W category will maintain a 60 per cent market share by 2030, with the RUV category capturing around 25 to 30 per cent of the market

Copying China's EV model wrong, cautions Bharat Forge's Amit Kalyani

One of India's leading manufacturing multinationals, Bharat Forge, on Tuesday called for a more innovative approach to electric vehicles (EVs) in the country's climate action agenda which is not based on copying China's battery-based model. Addressing India Global Forum's Climate and Business (ClimB) session in London, company vice-chair and joint managing director Amit Kalyani pointed to great potential to incorporate inductive electric charging as the highway infrastructure takes shape around the country. He highlighted that the higher price tag of EVs is largely down to the cost of the batteries and having an alternative model will have a significant impact on sales of the more environmentally-friendly mode of transport. "I believe that we are all following the wrong model because everybody is copying what China did and is using the Chinese template for electric vehicles, which is a battery-based electric model, said Kalyani. "Most countries like India, where we are building ...

Hybrids in an EV era

The resurgence of hybrids signals that the electric mobility revolution in India may take much longer than assumed

China's BYD launches third EV in Japan, unveils most expensive model

The expansion of BYD, which stands for Build Your Dreams, in Japan could become a worry for domestic automakers

Hedging Chinese EV makers get costly with imminent tariffs from EU

After the US said in May it was planning to nearly quadruple tariffs, the European Union this month notified companies including BYD and Geely it will slap levies

Canada to start consultation to impose surtax on Chinese electric vehicles

Canada's government is investigating whether to impose a surtax on imports of Chinese-made electric vehicles. A 30-day consultation on the issue will begin on July 2 to counter what Deputy Prime Minister Chrystia Freeland said Monday is a clear effort by Chinese companies to generate a global oversupply. Canada's move comes weeks after both the United States and the European Commission announced plans to impose higher import tariffs on Chinese EVs this summer. Our automotive sector supports nearly 550,000 good paying Canadian jobs, Freeland said. Canadian workers and the auto sector are facing unfair competition from China's intentional state directed policy of overcapacity that is undermining Canada's EV sector ability to compete in domestic and global markets. The consultation will seek input on what is driving China's surging EV exports, including unfair market practices as well as labor and environmental standards. In addition to a surtax, the consultation will consider whethe

BIS introduces new safety standards for electric vehicles to enhance safety

To improve the safety of electric vehicles, BIS has introduced new safety standards in the L, M, and N categories. Here's all you need to know

Musashi India to ramp up EV component localisation to 70% by year-end

The company aims to produce 1 million e-axles per year by 2030 to accelerate India's transition to green mobility

Centre introduces new standards to enhance safety, performance of EVs

The two new standards, IS 18590: 2024 and IS 18606: 2024, brought by the Bureau of Indian Standards (BIS), focus on the critical components of EVs, particularly the powertrain and batteries

China, European Union agree to hold talks on move to impose EV tariffs

Earlier this month, the EU announced plans to impose levies as high as 48% on EVs shipped from China as of July, fueling trade tensions with the Asian nation

BII bullish on Indian EV ecosystem, expects to invest $300 mn in 3 yrs: MD

British International Investment, UK's development finance institution, is betting big on the Indian electric vehicles ecosystem and expects to invest another USD 300 million in the next three years, according to its MD and Head of Technology & Telecoms, Abhinav Sinha. The company, which has backed Mahindra group's electric vehicles (EV) arm besides other startups like Euler Motors, Turno and Battery Smart, has already invested around USD 300 million in the Indian EV sector and sees further investment opportunities in EV manufacturing, components and financing segments in the country. "India has quite an evolved auto market... On the EV side, the penetration right now lags the rest of the world... The (overall) penetration of EVs in India is something like 6 per cent and we see it quite easily expand, double and more than double quite quickly," Sinha told PTI in an interview. He further said, "the leader today is China, but for India to be significantly ahead of where it is ...

Indian e-two wheelers better than other nations: Ather Energy co-founder

Indian electric two-wheelers are better than any electric two-wheeler in the world and the country can outpace their global counterparts in terms of design and technology, said Ather Energy co-founder Swapnil Jain on Saturday. Speaking at the 'Meet Rizta' event in Nagpur, which saw the attendance of Union Minister of Road Transport & Highways Nitin Gadkari, Jain highlighted the strides made by Indian manufacturers and stressed the country has a unique opportunity to become a technology exporter. During the event, Ather showcased its latest family scooter, Rizta, and the innovative Halo helmet to an audience of community members and electric vehicle enthusiasts. Addressing journalists, Jain emphasised the government's supportive role, despite a reduction in subsidies. "Even with decreased subsidies, we are thriving thanks to the 'Made in India' initiative," he stated. Indian electric two-wheeler is better than any electric two-wheeler in the world, he said, adding that the country

Mutual funds bet big on electric vehicle sector, line up auto funds

Mirae Asset MF announces Nifty EV and New Age Automotive ETF, Groww files papers

China's EV manufacturers received $231 bn in aid over 15 years, finds study

The findings come just after the European Union announced it will hike tariffs to as high as 48 per cent on vehicles imported from China

Uber launches EV service, Uber Green, in Kolkata to curb emissions

Uber on Thursday announced the launch of its flagship electric vehicle service, Uber Green, in Kolkata, marking a step towards eco-friendly urban transportation. Uber becomes the second ride-hailing service provider to offer electric vehicles in the city, following Snap E, another brand operating with an all-EV fleet. "Enhancing the air quality in Kolkata is a shared duty we all must embrace. I commend Uber for introducing 'Uber Green' in Kolkata, a significant step towards reducing carbon emissions in our city," West Bengal Transport Minister Snehasis Chakraborty said. "This service allows residents to book zero-emission rides with ease through the Uber app, promoting sustainable travel across the city, including routes to and from Kolkata international airport," Uber said in a statement. The company did not disclose details on the number of vehicles under Uber Green or its expansion plans for the city. The company has committed to becoming a zero-emissions mobility platform by 2

EU electric car sales fall in May as German demand slumps, says industry

Overall new car sales in the bloc fell by 3 per cent in May from the same month in 2023, the second drop this year