SHANGHAI : China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc and BYD. The market, crowded with more than 90 models, is about to get even tighter with at least 20 new models of both […]
Toyota India starts exporting EV components to Japan – EQ Mag
TKAP has started exporting the e-Drive (a key part of the electrified powertrain) to Japan, and to Indonesia and Thailand. The fact that Toyota India is exporting the e-Drive to Japan is a shot in the arm for the Make in India initiative, considering that quality standards of Japan are so tough to meet. In […]
TI Clean Mobility signs definitive agreements to raise further capital for EV biz – EQ Mag
With the execution of definitive agreements for the balance Rs 675 crore, the capital infusion plan for Rs 1,950 crore has been fully tied up. TI Clean Mobility (TICMPL), a subsidiary of Tube Investments of India (TII), has signed definitive agreements to raise further capital of Rs 675 crore by way of Compulsory Convertible Preference […]
Ban diesel four-wheelers in big cities by 2027, says energy transition panel – EQ Mag
All new registrations for city delivery vehicles should only be electric from 2024. The Energy Transition Advisory Committee of the Petroleum Ministry has submitted its final report, which calls for a complete ban on diesel-powered 4-wheelers in all cities with a million-plus population by 2027. The advisory panel headed by former petroleum secretary, Tarun Kapoor, […]
Honda gear up for dedicated electric vehicle platform, set to arrive by 2025 – EQ Mag
Honda has officially announced that they are currently in the process of developing a specialized electric vehicle platform. The upcoming EV platform is expected to give rise to a mid- to large-size model, which is slated for release in the global market by 2025. This exciting news was recently revealed by the president of Honda […]
Queensland looks to turbocharge electric car sales amid debate over government incentives – EQ Mag
Some argue that state-by-state incentives for buyers would be better spent on electric vehicle infrastructure In the race to adopt electric cars, one Australian state or territory is several laps in front of the rest. The Australian Capital Territory has become the nation’s clear frontrunner, consistently recording electric vehicle sales more than twice as high […]
Chinese electric vehicle brands expand to global markets – EQ Mag
YOKOHAMA, Japan : Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. But his favorite ride is an import: A battery-powered SUV from China’s BYD Auto. BYD Auto is part of a wave of Chinese electric car exporters that are starting to compete with Western and Japanese […]
Govt steps to recover INR 249 cr from Okinawa and Hero Electric for violating FAME norms – EQ Mag
The government’s probe found that both firms breached the localisation program they had committed to, prompting the government to initiate the recovery process The Indian government is expected to issue recovery notices to Hero Electric and Okinawa, two electric two-wheeler companies, after a probe found they had violated provisions of the Faster Adoption and Manufacturing […]
Zypp Electric aims to deploy 10,000 e-scooters in Bengaluru over next 2 months – EQ Mag
Electric mobility startup Zypp Electric on Tuesday announced its plan to deploy as many as 10,000 electric scooters in Bengaluru and said 2,000 e-scooters are already on roads. The remaining 8,000 of these vehicles will be deployed over the next two months, Zypp Electric said. The move is part of the company’s recently announced plan […]
Safety certification delay hits EV sales – EQ Mag
Sales of electric two- and three-wheelers fell sequentially last month, which manufacturers blamed primarily on lower production due to a delay in getting their products certified for new safety regulations. Retail sales of high-speed electric two-wheelers dropped to under 66,500 units in April, a 23% fall from the prior month, according to vehicle registration data […]