E Vehicles

Nearly 70% of the spending in the next half decade will go to electric vehicles and software, up from 56% during the previous rolling plan, VW said Tuesday.

The global electric vehicle (EV) charging revenue is likely to exceed $300 billion by 2027, up from $66 billion in 2023, a report showed on Tuesday.

Electric vehicle ecosystem platform Fyn Mobility on Thursday said it has partnered with Exponent Energy to roll out 1,500 Altigreen manufactured electric three-wheelers, which could be fully charged in 15 minutes. The new fleet of Altigreen's three-wheeler, neEV Tez, along with Exponent Energy's e-pump charging network will make the company the world's first logistics player to operate a fleet of EVs that can be fully charged in 15 minutes, Fyn said. With this partnership, Fyn plans to roll out these EVs to be cross-utilised, making the overall cost of operations to businesses much more affordable, and open up new opportunities within the industry, it said. The company claims it helps businesses and delivery agglomerates in the e-commerce, quick-commerce, grocery, pharma and courier sectors in solving their last mile and micro mobility challenges in Bengaluru, Chennai and Hyderabad. The rise in the e-commerce and logistics sector has propelled the demand for dependable last-mile ..

Electric passenger vehicles retail sales declined by 10.51 per cent sequentially to 3,346 units in January 2023 over 3,739 vehicles sold in December last year, according to automobiles body FADA. Tata Motors's electric PV sales were down 17 per cent at 2,426 vehicles in January as against 2,926 units delivered in December 2022. MG Motor sales volume also dropped 12.55 per cent to 425 units against 486 units sold in the month earlier. BYD India reported 164 per cent growth in ePV volumes at 132 vehicles in January 2023 as compared to 50 vehicles retailed in December last year while BMW India sales stood 123 cars against 29 units in December 2022, according to FADA. Hyundai Motor India ePV sales were recorded at 111 units in the previous month over 91 units retailed in December 2022. The electric CV sales was recorded 23 per cent lower at 131 units over 170 units in December last year, as per FADA data. The e-three wheelers sale also dropped 3 per cent sequentially at 32911 vehicle

A new study by International Institute for Sustainable Development (IISD), however, said it will be critical for govt carry on the momentum in coming years

Consumer demand for cars in China has been dented by the country's still strict approach to Covid

Company says bike has the most advanced battery pack in the industry

MSMEs in the automotive components sector should see higher growth as well, but will lag average industry revenue growth owing to lack of vertical integration.

The incentive scheme helps put green transportation on a par with ICE vehicles

'The company is targeting to earn Rs 300 crore revenue in the first year after launching the first vehicle'

Volvo's EV plans are in line with its global strategy of transitioning into a pure electric car company by 2030

Volvo's EV plans are in line with its global strategy of transitioning into a pure electric car company by 2030

SUV launches getting traction, weak rural demand a headwind for tractors

Hero Electric reportedly ordered fully assembled vehicles into the country but later disintegrated them and sent them to different ports across the country to evade tax

Hero Electric reportedly ordered fully assembled vehicles into the country but later disintegrated them and sent them to different ports across the country to evade tax

In India, Electric Vehicles (EVs) attract a GST of 5 per cent, while hybrids attract a much higher 43 per cent

After more than 5,000 electric buses were readied in five states as part of the Grand Challenge scheme, there is a demand from other states for an additional 15,000

80% of vehicle sales are in those segments, says the country's G20 Sherpa as he hails 'electric revolution'

Charts aggressive plans in its comeback trail

Company will raise money for the project by taking debt and through equity sale, he says