With chip supplies improving, JLR is aiming to cross 400k wholesales ex-CJLR in FY24, which implies a quarterly run rate of 90k plus units to sustain ahead. Tata Motors (TTMT) had a strong performance across key verticals in Q4FY23. Their commercial vehicles (CV) EBITDAM (earnings before interest, taxes, depreciation, amortisation, and exceptional items as a […]
Electric vehicles: an analysis of adoption and the future of oil demand – EQ Mag
The rapid growth of electric vehicles (EVs) will potentially disrupt the traditional oil market. The data presented indicates a significant decline in oil demand as more countries and consumers embrace EVs. There is a need for policymakers and oil-industry stakeholders to adapt to this transformative shift and explore new opportunities in the evolving energy landscape. […]
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 […]
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 […]
Electric vehicles are key battleground at Shanghai Auto Show – EQ Mag
China was the road to the future for foreign brands at the Shanghai Auto Show on Tuesday, who are racing to catch up with Chinese competitors in the crucial electric vehicle market. China was the road to the future for foreign brands at the Shanghai Auto Show on Tuesday, who are racing to catch up […]
Only Rs 180 crore earmarked for electric vehicles’ chargers under FAME-II scheme – EQ Mag
Even as the government is keen to increase the footprint of electric vehicles across the country, out of `5,171.97 crore allocation made for the Centre’s pet Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme for its second phase, only `180 crore has been earmarked for chargers in the Union budget for 2023-24. Around `3,000 […]
Electric vehicles accounted for 15% of all vehicles sold in Delhi in March: Data – EQ Mag
New Delhi – Electric vehicles accounted for nearly 15 per cent of all vehicles sold in Delhi in March, according to the data of the transport department. It also stated that 7,926 electric vehicles (EVs) were sold in March, out of which four wheelers contributed to 20 per cent of the sale and three wheelers […]
You will have to scrap you electric car if battery suffers minor damage: Here’s why – EQ Mag
Electric vehicles are gaining popularity all around the world. Even in India, we have manufacturers like Tata, Hyundai, Mahindra that are selling electric cars in the market. One of the main reason why many people are now going for electric vehicles is because of their low running cost when compared to petrol or diesel engine […]
European backsliding on electric vehicles is bad news for the climate – EQ Mag
Attempts to put a brake on the transition to electrification and allow ‘climate neutral’ fuels after 2035 ignore the science — what’s needed is policy clarity now. Worldwide, the planes, trains and automobiles we use to get around pumped around 7.7 gigatonnes of carbon dioxide into the atmosphere in 2021, one-fifth of all anthropogenic emissions. […]
These electric vehicles need their batteries replaced most often – EQ Mag
A big concern for prospective EV buyers is if the battery will need replacing. EV battery replacements could cost anywhere from $5,000 to $20,000, according to Recurrent. One of the biggest concerns that prospective electric-car buyers have is if they’ll ever have to make a costly battery replacement. And while they haven’t been very common […]