In Short : India’s electric vehicle (EV) market is now valued at ₹22 lakh crore, showcasing rapid growth and adoption across the country. Union Minister Nitin Gadkari emphasized hydrogen as a crucial future fuel, highlighting its potential to complement EVs. This focus on hydrogen and electric mobility supports India’s clean energy transition, reduces fossil fuel […]
Simple Energy Develops Rare Earth-Free Motors, Targets Strong Comeback in India’s EV Market – EQ
In Short : Simple Energy is set to make a comeback in the EV market by pioneering rare earth-free motors, reducing reliance on expensive imported materials. The innovation aims to cut costs, enhance sustainability, and strengthen India’s domestic EV ecosystem. With this step, the company seeks to revive its position in the competitive market while […]
EV Market Shifts Gear: June Sees Soaring E-Car and Bus Sales Amid Two-Wheeler Slowdown – EQ
In Short : Electric vehicle sales in India showed a mixed trend in June. While electric car sales surged 90% year-on-year and electric buses soared by 292%, two- and three-wheeler segments witnessed a slight dip. The contrasting performance highlights growing institutional adoption and premium EV demand, even as retail segments face challenges like cost, charging […]
‘EV market may cross 1 crore annual sales by 2030’ – EQ Mag
The EV industry is expected to create 5 crore direct and indirect jobs by 2030, the Economic Survey 2022-23 stated India’s electric vehicles (EV) market is expected to grow to one crore units annual sales by 2030 and create 5 crore direct and indirect jobs, according to the Economic Survey 2022-23. The survey tabled in […]
Piedmont to build lithium plant in Tennessee for EV market – EQ Mag Pro
Piedmont Lithium Inc said on Thursday it will build a lithium processing plant in Tennessee to supply the rapidly-growing electric vehicle (EV) industry. The move follows a U.S. government push for more domestic production of lithium, a critical metal for EV batteries. Last month’s sweeping Inflation Reduction Act includes a $7,500 tax credit for EVs […]
India’s EV market to hit annual sales of 17 million units by 2030, says report – EQ Mag Pro
According to a report by the India Energy Storage Alliance (IESA), the market for electric vehicles in India is expected to grow at a CAGR of 49% between 2021-30, with annual sales in the segment estimated to surpass 17 million units by 2030. This projected expansion is likely to be fueled by a variety of […]
Servotech Power Systems Ltd. initiates the manufacturing of high-tech EV chargers to mark its entry into the EV Market – EQ Mag Pro
NEW DELHI : In a bid to establish state-of-the-art technological EV charging infrastructure and bolster the nation’s progression towards the electric revolution, Servotech Power Systems Ltd. (NSE: SERVOTECH), a leading entity engaged in the manufacturing of high-end solar products, medical devices and LED lighting solutions initiates the manufacturing of smart tech-driven innovative EV chargers for […]
Hyundai plays catch up in EV market with car that can cook dinner
Hyundai Motor Co. is pitching its new Ioniq 5 as being able to do more than the average EV. In a series of promotional videos on YouTube, a camper is shown running on a treadmill hooked up to the car’s battery, listening to their favorite tunes on a bank of speakers, and even rustling up […]
Tennessee Highways Put EV Charging Stations Every 50 Miles
To help jump start the growing EV market, America’s biggest public utility is teaming up with Tennessee in a new initiative to build a network of fast-charging stations every 50 miles along major highways. To help jump start the growing electric car market, America’s biggest public utility is teaming up with Tennessee state and local […]
Toyota-Panasonic venture to build lithium-ion batteries for hybrids in Japan
The production line at a Panasonic factory in Tokushima prefecture will have enough capacity to build batteries for around 500,000 vehicles a year, Prime Planet Energy & Solutions, Inc said in a statement TOKYO: A joint battery venture of Toyota Motor Corp and Panasonic Corp on Tuesday said it will produce lithium-ion batteries for hybrid […]
