China was the road to the future for foreign brands at the Shanghai Auto Show on Tuesday, who are racing to catch up with Chinese competitors in the crucial electric vehicle market. China was the road to the future for foreign brands at the Shanghai Auto Show on Tuesday, who are racing to catch up […]
Electric Vehicles
EU Regulatory Authority Approves Establishment of Umicore and PowerCo’s Joint Venture
Umicore and PowerCo’s joint venture that was first unveiled in September 2022 has finally received the approval from the EU regulatory authority to begin full-scale operation. Umicore, a material technology and recycling company based in Belgium, announced this news on March 23, 2023. PowerCo is new subsidiary established by the Volkswagen Group for the development […]
Two-wheeler EV leaders get show-cause notices – EQ Mag
After stopping FAME-2 subsidy to electric two-wheeler (E2W) companies for almost one year due to allegations of breach in guidelines, the government has issued show-cause notices to several leading firms, including TVS, Hero Motocorp, Ola Electric and Ather Energy, said sources close to the development. The notices have been issued asking why action should not […]
Govt incentives to drive EV penetration in India, charging infrastructure key: Moody’s – EQ Mag
India has beaten Japan to become the third-largest vehicle market in 2022 after China and the U.S.A. Government incentives, including those to consumers, local battery manufacturing, state-level subsidies, and a cut in the GST rate would help drive EV penetration in India, Moody’s has said. In a report, Moody’s Investors Service said India has the […]
Tesla gives EV buyers reason to wait as prices keep falling – EQ Mag
Tesla, the renowned electric car manufacturer, is giving car shoppers compelling reasons to wait for their vehicles as prices continue to fall. With in-depth analysis and rich details, we aim to provide a comprehensive overview that can help you outrank other websites on Google with relevant keywords. The Rise of Tesla and Its Impact on […]
MG Comet EV production begins. Check out how it looks in real world – EQ Mag
In terms of safety, the Comet EV GSEV platform comes with a solid steel frame and airbags (number not confirmed) MG Motor India will be launching the MG Comet EV on April 19 in India. However, we now get a good look at the upcoming EV as the company rolls out the first production model […]
Kia Teases Electric Van Range For 2025 Debut – EQ Mag
The automaker invests $758 million in a new BEV production plant. Kia is shifting its EV strategy into a higher gear with a major announcement of a new production plant, which will be located in the Gyeonggi Province in South Korea. While the $758 million (1 trillion won) investment is surely very important, there’s another […]
Electric vehicles accounted for 15% of all vehicles sold in Delhi in March: Data – EQ Mag
New Delhi – Electric vehicles accounted for nearly 15 per cent of all vehicles sold in Delhi in March, according to the data of the transport department. It also stated that 7,926 electric vehicles (EVs) were sold in March, out of which four wheelers contributed to 20 per cent of the sale and three wheelers […]
How Indian EV industry is raising the temperature of global market – EQ Mag
According to a recent report, India’s electric vehicle (EV) market, including EV two-wheelers and three-wheelers, is expected to grow at a compounded annual growth rate (CAGR) of 90% to touch $150 billion by 2030. The Indian electric vehicle industry is estimated to grow at a CAGR of 90%. The sales of electric vehicles accounted for […]
Japan, land of the hybrid car, takes slowly to EVs – EQ Mag
TOKYO : Atsushi Ikeda loves his car so much that he founded a club for Tesla owners, but his embrace of an electric vehicle makes him something of an outlier in Japan. As markets from China to the United States race to put more EVs on their roads, the pedal is nowhere near the metal […]