Launched by the Indian government in 2015, Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) schemes I and II have been widely successful in strengthening electric vehicle (EV) adoption across India. The schemes provide financial assistance to manufacturers to set up facilities, as well as to consumers who purchase EVs – through various […]
Outcome Budget: Average fleet utilisation of DTC buses saw minor decline – EQ Mag
New Delhi : The average fleet utilisation of DTC buses saw a minor decline to 83.2 per cent against a target of 86 per cent, while the figures saw an increase for cluster buses to 98.83 per cent, according to the Outcome Budget 2022-23. Fleet utilisation is the percentage of buses on roads in comparison […]
Falling lithium prices are making electric cars more affordable – EQ Mag
An unexpected decline in the price of an essential battery material, along with those of other commodities, is good news for buyers. But experts disagree on how long low prices will last. Lithium, the common ingredient in almost all electric-car batteries, has become so precious that it is often called white gold. But something surprising […]
Plugged in: Royal Enfield plans ‘differentiated’ electric vehicles – EQ Mag
Royal Enfield is on track to launch its first electric motorcycle by 2025, and the company has made considerable progress in its electric vehicle journey, its chief executive said. The Chennai-based manufacturer, which leads the middle-weight segment of the motorcycle market with a more than 93% share, is looking at a record volume for the […]
Hero Electric Set To Roll Out Over 10 Lakh Vehicles Annually In Next Two-Three Years – EQ Mag
In the ongoing fiscal, the company expects to end with over 1 lakh units sales and in 2023-24 it could be around 2.5 lakh units Hero Electric on Wednesday said it is set to roll out over 10 lakh vehicles annually in the next two to three years from its manufacturing units in India. The […]
BMW targets 50% all-electric sales pre-2030, hydrogen car on the list too – EQ Mag
“We see hydrogen-electric vehicles as a meaningful complement to e-mobility, even with something of a time lag,”BMW’s chief executive Oliver Zipse said. BMW expects over 50% of new sales to be all-electric vehicles well ahead of its 2030 target and could envision a hydrogen-powered car going into production in the second half of the decade, […]
BMW Group Expects Profitable Growth in 2023 – Through Dynamic BEV Ramp-up and High-End Premium Segment – EQ Mag
Gurugram, Haryana, India & Munich, Germany : Zipse: “Proven strengths, future-oriented technologies and NEUE KLASSE as a recipe for success” EBIT margin for 2023 expected within 8-10% range High demand: 15% BEV share in 2023 Dynamic BEV growth in coming years Double-digit growth in high-end segment in 2023 Further decrease in CO₂ emissions planned for […]
Electric Vehicle incentive: Guidelines out for interest-free advance to Odisha govt employees – EQ Mag
In a notice, the Finance department observed that the provisions / guidelines for electric vehicle advance are not being meticulously followed by the Departments while sanctioning the advance in favour of their employees. In a bid to streamline the payment procedure and consequential irregularities, the Odisha government on Friday released guidelines for interest-free advance payment […]
Volkswagen’s ‘affordable’ electric car for 2026: New ID.2 supermini breaks cover – but just how cheap will it be? – EQ Mag
ID.2all has been revealed and previews the car to replace – or be an EV alternative – to the Polo supermini It will hit showrooms in 2026 as part of Volkswagen’s promise to launch 10 new electric models in three years German car giant promises a starting price undercutting all existing rivals as it attempts […]
Volkswagen lays out details of planned affordable electric car – EQ Mag
BERLIN : Volkswagen laid out on Wednesday the details of a planned all-electric car costing under 25,000 euros ($26,790), part of the German carmaker’s push to derive 80% of VW passenger brand sales in Europe from all-electric vehicles by 2030. The car with a 450-km range (280 miles), to launch in Europe by 2025, will […]
