Zellmer expects to see VW's market share grow to 3 per cent in the next five years
Auto companies may soon be asked to manufacture vehicles that run on multiple fuel configuration aimed at reducing the use of polluting fossil fuels and cutting down harmful emissions
The trend comes as a stark contrast for a market like India, where EVs and not hybrids are getting the massive subsidy push from policymakers under the FAME scheme
Big push for charging infrastructure is a must for EV penetration
While hybrids, which blend the power of a gasoline engine with electric motors and batteries, are now more than two decades old - the first Prius debuted in Japan in 1997
Lead acid battery maker Exide Industries Ltd is focusing on innovations for emerging applications like hybrid and electric vehicles, a company official said on Tuesday. A lithium-ion JV has been formed and is well placed with an assembly line having a capacity of 1.5 GWh, it said. "The company is developing advanced solutions in the lead acid space for emerging applications, including hybrid vehicles and EVs," MD & CEO Gautam Chatterjee told shareholders at the annual general meeting. He also spoke about introducing 'ultra-batteries' and other solutions in the energy storage space and the lithium chemistry domain. Chatterjee said with declining upfront costs and gradual improvement in technology, higher production of electrified vehicles is feasible now.
The invention has a low voltage battery that will be placed in the rear side of the vehicle body, which can be accessed by the opening of the seat
Toyota may set up a separate entity for electric, hybrid vehicles
The Delhi government had allowed a low VAT of 5% on hybrid vehicles against 12.5% on other vehicles
After the GST Council empowering the Centre to bring an amendment in the compensation law to increase ceiling on cess on the luxury cars, infuriating auto companies, the finance ministry on Thursday ruled out lowering cess on hybrid luxury cars. Demand for hybrid cars have been on decline since GST was rolled out in July.A key finance ministry official said there would not be any downward revision in GST rates or cess for hybrid cars. He also tried to allay fears of auto industry over imminent hike in ceiling on cess on luxury cars from 15 per cent to 25 per cent, saying it is just an enabling provision. The official said there will not be any hike in cess in small cars. Currently, the cess is in the range of 1-3 per cent over 28 per cent peak GST rate, against the ceiling of 15 per cent. Demand for hybrid cars are on a decline since July 1 when companies raised prices by as much as 20 per cent to pass on the impact of the goods and services tax (GST). Toyota, which was seeing a ...
EMS strategy is easy to apply, but is not the most efficient way to combine the two power sources