Colombo, Facing a severe energy crisis amid the financial downturn, Sri Lanka mulls to switch to electric mobility by converting 500,000 ‘tuk-tuks’ (autorickshaws) to electric vehicles (EVs) within the next five years. Backed by the United Nations Development Program (UNDP) in Sri Lanka, the Ministry of Transport and Highways and the Ministry of Power and […]
Electric Vehicles
Royal Enfield to pump in Rs 1000 crore in TN, plans to roll out electric vehicles – EQ Mag
This investment will focus on bringing new Royal Enfield bikes to the market, both petrol and electric. In a bid to cater to the growing demand for Royal Enfield motorcycles, parent company Eicher Motors intends to invest over Rs 1,000 crore in FY24. Royal Enfield posted its highest ever sales of 8,34,895 motorcycles in FY23, […]
Hyundai to invest Rs. 20,000 crore on electric vehicles in Tamil Nadu – EQ Mag
To install 100 EV charging stations Plans to expand total production volume to up to 8,50,000 units Hyundai Motor India Limited (HMIL) announced an investment of Rs. 20,000 crore over the next 10 years in Tamil Nadu for its electric vehicles program and modernisation of its vehicle platform. In alignment with this objective, the brand […]
This tiny electric car comes with a body made of plants, promises a 150 km range – EQ Mag
Liux Geko is a micro-electric car made by a Spanish startup named Liux, comes with a truly sustainable nature. The EV is claimed to have its body materials made from plants. The startup claims that this tiny urban EV is a smaller and more affordable follow-up to the Animal crossover that was unveiled in late […]
More Lithium For EVs: After J&K, New Reserves Found In Rajasthan – EQ Mag
Lithium reserves have reportedly been found in Degana’s Renvat hill and its surrounding areas in Rajasthan, which once supplied tungsten to the country As per officials, the quantity of lithium in Degana is higher than in Jammu & Kashmir and can cater to 80% of the country’s demand Lithium is one of the major elements […]
Joy e-bike in India embarks on a Digital Journey with Excellon Software – EQ Mag
NAGPUR, India : The EV Industry Specialist, Excellon Software, announces yet another Electric Vehicle manufacturer to the portfolio of its customers, the Joy e-bike from WardWizard Innovations and Mobility Limited. WardWizard is an innovation-driven company in the sunrise segment like EV Industry. It is also the country’s 1st Electric Vehicle Manufacturer, which got listed in […]
Brazil’s ride-hailing app 99 aims to double electric cars within a year – EQ Mag
SAO PAULO : Brazilian ride-hailing app 99 is planning to more than double the number of electric cars serving its passengers in Brazil in the next 12 months, with a goal of reaching 1,000 vehicles, the company said on Monday. The target was announced as the Alliance for Sustainable Mobility, a group of 11 companies […]
US electric vehicle startups set for another quarter of steep cash burn – EQ Mag
U.S. electric-vehicle startups are expected to report another quarter of dwindling cash reserves next week, piling pressure on a group of companies that are struggling to ramp up production and have few options for funding in a turbulent economy. Having gone public with hopes of shaking up the automobile industry, these companies have seen their […]
Electric vehicles to displace over 5 million bpd of oil demand a day by 2030: IEA – EQ Mag
Electric vehicles (EVs) are set to displace over 5 million barrels of oil demand per day based on current policy settings, according to the International Energy Agency (IEA). The IEA, in its recent report titled ‘Global EV Outlook 2023’, claims that at the global level, oil displacement by EVs reaches 1.8 million barrels per day […]
MG Comet EV price fully revealed, to be offered in three variants
MG Motor India has officially revealed the price list of the Comet EV. Launched in late March, the Comet EV will come at an introductory starting price of ₹7.98 lakh (ex-showroom). It is currently the most affordable electric car on offer in the country. The carmaker has said that the smallest EV from its stable […]