India’s electric vehicle market is expected to grow at a CAGR of 90 per cent in this decade to touch $150 billion by 2030, a report by consulting firm RBSA Advisors, released on Wednesday, stated. India’s electric vehicle (EV) market is expected to grow at a compounded annual growth rate (CAGR) of 90 per cent […]
Electric Vehicles
Hero Electric becomes most preferred EV brand in India, suggests study – EQ Mag Pro
Hero Electric currently has a 400,000 plus customer base in India and operates 700 plus dealerships in the country. Hero Electric enjoys a whopping 36% market share in the Indian two-wheeler EV market. Hero Electric, India’s largest electric two-wheeler company, has come out to be the ‘most preferred brand’ in the Indian market, as per […]
Goa Bets Big on Electric Vehicles, Approves Policy Aiming for 30 Percent EVs by 2025 – EQ Mag Pro
The Goa government has made a big push for the electrification of vehicles with the passing of Goa Electric Mobility Promotion Policy (GEMPP) 2021. In a move that’s sure to bolster the electrification movement in the country, the state government has approved Goa Electric Mobility Promotion Policy (GEMPP) 2021. This policy encompasses a number of […]
Nissan unveils $18 billion electrification push in bid to draw level with rivals – EQ Mag Pro
Spending compares to 1 trln Y over pvs decade on electrification To launch 23 electrified vehicles by 2030, including 15 EVs To introduce all solid-state batteries by March 2029 Shares end down 5.6%, underperforming rivals YOKOHAMA : Nissan Motor Co (7201.T) announced it will spend 2 trillion yen ($17.59 billion) over five years to accelerate […]
Around 1.65 lakh EVs supported under Phase-2 of FAME India scheme – EQ Mag Pro
The Ministry of Heavy Industries formulated the scheme in March 2015 to promote adoption of electric/ hybrid vehicles (EVs) in the country. Phase-1 of the scheme was available up to March 31, 2019. About 1.65 lakh electric vehicles have been supported as on November 25 this year under the second phase of Faster Adoption and […]
Shakti Pumps makes foray into manufacturing of motors, chargers for EVs – EQ Mag Pro
Shakti Pumps India manufactures and supplies solar pumps and motorised pumps Shakti Pumps India on Tuesday said it is making a foray into the manufacturing of motors, chargers, controllers and drives for electric vehicles, through a wholly-owned subsidiary. The company’s board recently approved the incorporation of a wholly-owned subsidiary to make a foray into the […]
Hertz-Tesla deal signals broad shift to EVs for rental-car companies – EQ Mag Pro
Rental providers are focusing more on electric vehicles under investor pressure to cut emissions Car-rental customers could soon see more electric-vehicle options on airport lots and other places where they are looking to reserve a ride. The rental-car industry, long a big bulk-purchaser of new models in the car business, is sharpening efforts to add […]
This is how Elon Musk responds to General Motors CEO’s EV leader comment – EQ Mag Pro
GM CEO Mary Barra said that her company is not going to cede its leadership position to anyone Tesla is certainly the pole position holder when it comes to the US electric vehicle market. The US-based EV manufacturer owns a sizeable chunk of the global electric car market as well. As most of us simply […]
BMW says lower import duties on EVs for some time can help in boosting demand, local manufacturing – EQ Mag Pro
Currently, India imposes 100 per cent import duty on fully imported cars with CIF (Cost, Insurance and Freight) value more than USD 40,000 and 60 per cent on those costing less than the amount. German luxury car maker BMW believes that reduction in import duties on electric vehicles (EV) for a limited time or for […]
Are electric vehicles reliable? Check what this study says – EQ Mag Pro
The study points that electric cars are increasingly becoming complex and therefore vulnerable to reliability issues. Electric vehicles are finding an increasing foothold in the global automobile market. With increased pricing of fossil fuels, higher level of awareness about vehicular emission and global warming, imposition of stricter emission norms and several governments imposing deadlines on […]