The Tesla officials also discussed the incentives for car and battery manufacturing with the Indian officials Elon Musk’s Tesla is serious about its establishing a manufacturing base in India says Minister of Electronics and Information Technology, Rajeev Chandrasekhar, reports Reuters. The electric vehicle maker’s top executives were recently on an India visit to meet ministers […]
Volvo’s Next EV is a Small SUV Named EX30 – EQ Mag
Volvo’s most anticipated luxury electricity SUV EX90 has yet to be officially available, but the Swedish manufacturer is now seemingly prepared to launch the successor of EX90, a small electric SUV EX30. Volvo continues to advance in the EV market by having announced a global presentation for EX30 that is bound to excite many fanatics. […]
Ola, Ather and other electric two-wheeler prices may rise soon. Here is why – EQ Mag
Prices of electric two-wheelers from Ola Electric, Ather Energy, Hero Vida and other manufacturers could up significantly in near future as the Centre plans to reduce subsidy under the FAME II scheme to promote electric vehicles. The Ministry for Heavy Industries has proposed subsidy on electric two-wheelers to 15 per cent. If its proposal is […]
Why China is wooing rural customers to switch to electric vehicles – EQ Mag
China, the world’s largest electric vehicle (EV) market, has a problem – sales of new energy vehicles, which includes both pure electrics and plug-in hybrids, don’t have the momentum it had previously. And while demand is still in the green for green vehicles, the slowing pace in the rise of demand is a matter of […]
Senior executives at Bhilai Steel Plant to get EVs in Chhattisgarh – EQ Mag
The EVs will be replacing petrol-driven vehicles In another step taken to protect the environment by reducing carbon-dioxide emission, the Bhilai Steel Plant (BSP), which is in the bailiwick of Steel Authority of India Ltd, is providing its chief general managers electric vehicles (EVs). The EVs will be replacing petrol-driven vehicles. The first lot of […]
Volkswagen aims for ‘margin parity’ on some EVs by 2025 – EQ Mag
MUNICH : Volkswagen Chief Financial Officer Arno Antlitz said on Wednesday rising battery material costs mean it will be 2025 before the automaker can build some electric vehicles at the same profit margins as combustion models. “A lot of the margin parity depends on raw materials,” Antlitz told the Reuters Automotive Europe conference. When Volkswagen […]
Jupiter Wagons raises Rs 125 cr via qualified institutional placement route – EQ Mag
The funds will be utilized to accelerate its wagon manufacturing capacity, JWL said in a statement on Tuesday Jupiter Wagons Ltd (JWL) has raised Rs 125 crore through qualified institutional placement (QIP) route. The funds will be utilized to accelerate its wagon manufacturing capacity, JWL said in a statement on Tuesday. “JWL…has successfully concluded the […]
E-scooters may get pricier on proposed subsidy cut – EQ Mag
India is proposing to slash the subsidy for electric two-wheelers to 15% of the sale price from 40% at present to spread the incentive to a larger number of vehicles, officials said. The ministry of heavy industries (MHI) has sent a recommendation in this regard to a high-level inter-ministerial panel that will take a final […]
Honda launches EM1 e:, its first electric moped in Europe, with 48-km range – EQ Mag
EM1, which Honda says is an electric moped, was announced in September last year and revealed two months later. Japanese automaker Honda has launched EM1, its first electric scooter. The model was announced in September last year and revealed two months later. With EM1, Honda aims to attract youngsters, as well as customers who want […]
India ripe target for EV makers, but slow transition a hindrance : Report – EQ Mag
India is a ripe target for electric vehicle firms as the third-largest auto market in the world but due to slow domestic takeup, no Indian company is likely to have a meaningful global share of electric vehicles in the foreseeable future, according to a report by S&P Global Ratings. Asia is set to keep its […]