Electric vehicle financier RevFin is looking at raising ₹300-400 crore in this financial year for disbursing loans to buy two-wheelers, three-wheelers and four-wheelers deployed for commercial use. The company, which received its first tranche of $5 million (about ₹41 crore) from the United States Development Finance Corporation earlier this week, expects strong demand for loans, […]
Arrival to convert Antara’s $20 million loan into equity – EQ Mag
Arrival said on Tuesday it will convert shareholder hedge fund Antara Capital Master Fund LP’s $20 million loan into equity, a move that would help the British electric-vehicle startup lower its debt load. According to the deal, Antara will not be allowed to sell more than 10% of the traded volume of Arrival’s ordinary shares, […]
France braces for power demand surge driven by EVs, alternative fuels – EQ Mag
PARIS : Electric vehicles and other technology to cut emissions is likely to drive a surge in French power demand by 2035, meaning France will need to maintain its existing nuclear capacity, grid operator RTE said on Wednesday. The European Union in March approved a law to end sales of new C02-emitting cars in 2035. […]
World Environment Day: Top electric cars with longest range in India – EQ Mag
Today on the occasion of World Environment Day, let’s take a look at upcoming EV cars Several electric cars are set to launch in India in the coming months The upcoming electric cars in India will play a very important role in the journey of making this great nation more sustainable and eco-friendly. Also, electric […]
How the rapid transition to electric vehicles is boosting investments in the Indian EV space – EQ Mag
Pollution levels in Indian cities have been rising, generating a slew of health issues for residents. The need for sustainability is at its peak. EVs provide a more environmentally friendly and sustainable means of transportation, which can help lower pollution levels. This has resulted in an increase in demand for EVs throughout the country. Electric […]
Here’s why India’s electric vehicle market to double in 2027 – EQ Mag
India’s electric vehicle (EV) market has been growing rapidly, with sales doubling in 2027. This surge in demand can be attributed to a variety of factors, including government initiatives, increased awareness about sustainable transportation, decreasing battery costs, infrastructure development, and innovation and collaborations. The latest report of the Indian Private Equity and Venture Capital Association […]
SMEV urges govt to levy additional green tax on ICE two-wheelers to incentivise EV adoption – EQ Mag
The Green tax would also rationalise the expected drop in sales of EV on account of reduction in subsidies starting this month, the industry body representing electric vehicles said in a statement. The Society of Manufacturers of Electric Vehicles (SMEV) has called upon the government to levy an additional green tax on two-wheelers with internal […]
Is the Next Showdown Brewing Over Budget Micro Electric Cars? – EQ Mag
The rapid strides made in the EV sector are unmissable. Although there is a range of high-priced, luxury models packed with advanced technology and superior performance, many consumers eagerly await the advent of more economical, everyman EVs. Yet, before those make their debut, several automakers are vying for dominance in the more affordable micro EV […]
Is India ready to adopt the EV ecosystem? – EQ Mag
One of the biggest environmental challenges faced by mankind today is the rapidly rising carbon emissions leading to global warming and extreme climate crisis across the globe. A major contributor to the rising carbon footprint is the transport sector which requires urgent steps to mobilise people to move to a climate-conscious and environment-friendly way of […]
This electric SUV fetches 30,000 bookings in just 3 days – EQ Mag
The second-geneartion all-electric Nio ES6 SUV is grabbing quite the attraction in china, with nearly 30,000 units booked in just three days. Chinese car manufacturer launched the second generation avatar of the SUV in the country just last week, and within three days, it reportedly fetched 29,700 pre-orders and 6,600 confirmed orders, claims CarNewsChina. The […]