The Auto Industry Will See More Turmoil in 2023. By 2025, Tech Giants Will Own a Part of the Vehicle’s Operating System for 95% of New Cars on the Road. By 2026, More Than 50% of EVs Sold Globally Will Be Chinese-Branded Automobiles. Several factors will make 2023 a true test to the resolve of […]
Union Budget 2023 – Effects and implications on the auto industry – EQ Mag
Electric vehicles likely to get cheaper New personal income tax regime announced India’s Finance Minister, Nirmala Sitharaman presented the Union budget 2023-24 with a strong focus on green energy and making electric vehicles affordable to the masses. Interestingly, the government has also increased the income limit from 5 lakh to Rs 7 lakh in the […]
Auto Industry Needs To Provide Flexi-Fuel Vehicles At Various Price Points: Hardeep Puri – EQ Mag Pro
“I think, we need more options to be created at various price points, including two-wheelers and three-wheelers and we need them quickly,” the Minister for Petroleum and Natural Gas, and Housing and Urban Development said. Indian automobile industry needs to provide flexi-fuel vehicles at various price points quickly to accelerate the adoption of blended fuel […]
Roadmap Needed to Develop ‘Clean’ Auto Industry
To develop electric vehicle industry, charging stations, batteries and reasonable prices are all needed. But an overall policy for these issues is not yet available in Vietnam, particularly battery waste disposal and treatment. Electric cars are cleaner than internal combustion engine cars (fueled by petrol and oil). This is considered a global solution to the […]
India plans $4.6 billion in incentives for battery makers in electric vehicle push: Document
A proposal drafted by NITI Aayog, a federal think tank chaired by Prime Minister Narendra Modi, said India could slash its oil import bills by as much as $40 billion by 2030 if electric vehicles were widely adopted NEW DELHI: India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing […]
Budget 2020 | Reduction in GST tops demands of auto industry
Manufacturers have suggested a slew of measures to the Finance Minister with a hope to see a turnaround in coming months Reduction in the Goods & Services Tax (GST) tops the budget wish-list of the beleaguered automobile industry. Last year, the industry recorded its worst-ever sales decline in two decades as a variety of factors […]
Auto industry hails PM’s assurance on co-existence of conventional engine vehicles, EVs
He also called for a long-term roadmap for all futuristic technologies, which instils confidence to the industry to get going. New Delhi: Auto industry players on Wednesday welcomed Prime Minister Narendra Modi’s assurance that conventional engine vehicles and electric vehicles (EVs) can co-exist in India, saying it would encourage investment and job creation in future. […]
Tesla Led The Charge, But More Premium Electric Vehicles Are Arriving
Alex Schefer loves his Teslas — the Model S he and his wife use to tote their kids around, the Roadster that’s part of their premium car-sharing club. But he’s been waiting not-so-patiently to have some other options for luxury electric vehicles. “This car came out in 2012,” he says, from behind the wheel of […]