According to the GACS 2022, 57 per cent of consumers want to buy petrol or diesel-powered vehicles while 21 per cent and 10 per cent of consumers are interested in hybrid electric vehicles (HEV) and plug-in hybrid electric vehicles (PHEV) as their next purchase. And the number of consumers interested in buying battery electric vehicles […]
Copper demand from electric vehicle segment accelerating
Highlighting the energy transition was Chinese President Xi Jinping, who recently pledged to steer the country to “carbon neutrality” by 2060 and U.S. President-elect Joe Biden pledging $2 trillion to help cut emissions LONDON: Greater use of electric vehicles and expansion of renewable energy capacity to cut noxious emissions will mean accelerating demand growth for […]
EV journey to begin with hybrid technology in India: Honda
This will drastically reduce the ‘well to wheel’ emissions in the future Japanese auto major Honda will use hybrid vehicles as intermediates in the next two years in India before going for full electric vehicles (EVs) as it expects setting up of supporting infrastructure such as charging stations to take time, according to a senior […]
Rivian Announces $500 Million Investment from Ford; Partnership to Deliver All-New Ford Battery Electric Vehicle
Ford and Rivian form strategic partnership through $500 million minority investment Ford to build all-new battery electric vehicle using Rivian’s flexible skateboard platform The investment is subject to customary regulatory approval; Ford’s Joe Hinrichs to join Rivian’s board of directors DEARBORN, Mich.: Rivian today announced an equity investment of $500 million from Ford Motor Company. […]