Real estate consultant CBRE South Asia released a report, ‘Electric Vehicles in India – New Wheels on the Roads’, on Thursday that focuses on the trends, growth, and influence of electric vehicles (EVs) on the real estate sector in India. Electric vehicle manufacturers will need around 13 million square feet of real estate space by […]
TVS Motor Company Strengthens its Electrification Journey; Unveils its Special Initiative for Pricing on the TVS iQube Scooters – EQ Mag
TVS Motor continues to spearhead the EV adoption clocking 20,000 units of retails in May 2023 on the back of 100,000 delighted customers in the last financial year To continue the momentum, the company unveils new prices for TVS iQube without passing on the full burden of FAME II revision to customers TVS Motor Company, […]
Starting today electric two wheelers get more expensive by up to Rs 40,000 – EQ Mag
Prices of electric two-wheelers will go up from June 1 as the central government’s new reduced subsidy structure comes into effect. The costs of electric two-wheelers have gone up from anywhere between Rs 10,000 to Rs 40,000. While some companies have fully passed on the subsidy loss, others have partially passed it on to the […]
Ford CEO says EV prices may not drop to ICE vehicle levels until 2035 – EQ Mag
The cost to make electric vehicles may not drop to the level for gas-powered cars until after 2030 when the process becomes simpler and less labor-intensive, Ford Motor Co Chief Executive Jim Farley said on Wednesday. At an investor conference, Farley said that, for many automakers, EVs will remain more costly than their internal combustion […]
Manufacturing facilities for electric vehicles require 13 million sq ft of real estate by 2030: CBRE – EQ Mag
EV battery manufacturing facilities are expected to increase and will require 2,400 acres of land to accommodate the production of 200 GWh of batteries by 2030 The demand for real estate is projected to increase by approximately 13 million square feet by 2030 due to the growing need for manufacturing facilities for 4-wheeler and 2-wheeler […]
TVS, Ather, Ola hike prices of electric two-wheelers as new subsidy norms kick in – EQ Mag
Electric two-wheeler makers TVS Motor Company, Ather Energy and Ola Electric have increased prices of their products as curtailed subsidy structure comes into effect from June 1. In a statement, TVS Motor Company stated that in order to propel the electrification journey further in a sustainable manner after FAME II scheme revision, it has increased […]
The easiest way to get a $7,500 tax credit for an electric vehicle? Consider leasing – EQ Mag
DETROIT : Thanks to a boost from the government, leasing — not buying — is becoming the most affordable way to get your hands on an electric vehicle. Last year’s Inflation Reduction Act provided a federal tax credit of up to $7,500 to use toward an EV. Under the rules, a dealer can apply that […]
Here’s why you will have to pay more for electric scooters from 1 June – EQ Mag
The subsidy reduction is part of the government’s second phase of the Faster Adoption of Manufacturing of Electric Vehicles in India (FAME) scheme Starting from 1 June, electric scooters are set to become more expensive as the government subsidy provided to electric two-wheeler manufacturers will be reduced. The subsidy reduction is part of the government’s […]
Zen Mobility rolls out cargo 3-wheeler – EQ Mag
Mumbai : Gurugram-based Electric vehicle maker Zen Mobility on Tuesday announced rolling out its purpose-built cargo 3-wheeler LEV Zen Micro Pod and said it has already received preorders for 10,000 units of the vehicle from the logistics firms. Micro Pod will be available in two variants – the R5x and R10x, and offer a maximum […]
France to open its first electric car battery factory – EQ Mag
The plant in Billy-Berclau is the first in a clutch of factories that are due to open over the next three years in a northern corridor billed as a “Battery Valley” for the rapidly growing industry France launched its first factory for electric vehicle batteries on Tuesday, taking a big step in its race to […]