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 […]
Credent launches India’s largest Electric Vehicle (EV) Healthcare Delivery Fleet – EQ Mag
New Delhi [India] : Credent, known as C3 Logistics is launching India’s largest electric vehicle (EV) healthcare delivery fleet. This is a daring initiative that will surely help the healthcare sector’s sustainability efforts. In today’s fast-paced world, industries must rely on effective logistics solutions to survive. The need for dependable and creative logistics becomes even […]
Hero Electric not to hike price even after FAME II subsidy cut – EQ Mag
Hero Electric has announced that it will not increase the prices of its e-scooter models despite the recent reduction in the FAME II subsidy. The company said it remains dedicated to promoting the adoption of E2Ws and dispelling misconceptions about their cost of ownership. The Government of India recently reduced the subsidy for E2Ws under […]