EVs attract a 5 per cent GST, while lithium-ion batteries fall into the 18 per cent GST bracket, at present. In what may bring cheer to OEMs selling electric vehicles without a battery or providing Battery as a Service (BaaS) model, the Goods & Services Tax (GST) Council has fixed the tax rate at 5 […]
Electric vehicle sales to top 10 million units by 2030: Report – EQ Mag Pro
The study also expects adoption of passenger electric vehicles to be slow Over the last couple of years, electric vehicle (EV) sales have been growing, although they are still a fraction of the overall automobile industry. A new study by Arthur D. Little estimates EV sales will top 10 million units by 2030, with an […]
Electric vehicle battery explodes in Telangana, no one injured – EQ Mag Pro
Another EV fire incident last month led to the death of an 80-year-old man, while three of his family members suffered burn injuries. The battery of an electric two-wheeler exploded while it was being charged in Ramadugu mandal in Karimnagar district here, though no one was injured in the incident, police said on Monday. The […]
Iberdrola will contribute to making Volkswagen’s electric vehicle value chain sustainable – EQ Mag Pro
• Ignacio Galán: “The agreement we have signed with Volkswagen will mean some 500 million euros in investments in renewable facilities to supply them with green energy” Iberdrola and Volkswagen have presented in Sagunt (Valencia) a strategic collaboration agreement that will contribute to making the entire electric vehicle value chain sustainable in the automaker’s future […]
Tata Motors all set to take the wraps off its next electric vehicle on April 29 – EQ Mag Pro
Tata Motors recently revealed ambitions to introduce 10 electric cars in India over the next five years, spanning a variety of classes. Tata Passenger Electric Mobility is preparing to roll out a new electric vehicle as the wholly owned EV subsidiary of Tata Motors has announced the launch in a series of tweets over the […]
Electric vehicle retail sales zoom over three-fold in FY22 – EQ Mag Pro
Total electric vehicle retails reached 4,29,217 units in 2021-22, with two-wheeler offtake leading the segment Electric vehicle retail sales in the country witnessed over three-fold jump last fiscal with two-wheeler offtake leading the segment, according to data compiled by automobile dealers’ body FADA. Total electric vehicle (EV) retails reached 4,29,217 units in 2021-22, a rise […]
Electric vehicle retail sales zoom over three-fold in 2021-22 – EQ Mag Pro
Total EV sales had stood at 1,68,300 units in the 2019-20 fiscal, automobile dealers’ body FADA noted. Electric vehicle retail sales in the country witnessed over three-fold jump last fiscal with two-wheeler offtake leading the segment, according to data compiled by automobile dealers’ body FADA. Total electric vehicle (EV) retails reached 4,29,217 units in 2021-22, […]
Electric-vehicle tax credits are coming to an end for new Toyota buyers – EQ Mag Pro
Toyota is expecting to reach the 200,000-vehicle cap on the US EV Tax credits before June end. Toyota has reached the US electric vehicle tax credits cap by selling mostly plug-in gas-electric hybrid vehicles. As per Toyota’s head of North American sales, Bob Carter, once they reach the vehicle cap, the credits will be phased […]
Electric-vehicle push bumps up against chaos in nickel market – EQ Mag Pro
“Nickel can be a volatile beast,” said William Adams, head of base metal and battery research at Fastmarkets in London. Here’s how the math works. A 100 kilowatt hour battery needs about 145 pounds of nickel, according to BloombergNEF. Last year’s average price was about $US18,500 per metric tonne, Adams said. That means about $US1,200 […]
Gas price hikes fueling electric vehicle conspiracy theories – EQ Mag Pro
Facebook and Twitter memes allege US President Joe Biden’s administration is intentionally driving up the price of gas to get more American drivers behind the wheel of an electric car. WASHINGTON: Some social media users suggest that soaring fuel prices in the U.S. aren’t the result of Russia’s invasion of Ukraine, increased consumption or supply […]