The company, which ended the first quarter with sales of around 19,000 electric vehicle units, is also looking to have a separate sales infrastructure for its electric vehicle portfolio going ahead Tata Motors is looking to expand sales outlets in Tier II and Tier III cities in order to cater to the increased demand for […]
With 3-time hike, incentives on buying EVs touch Rs 15cr in city – EQ Mag
CHANDIGARH : The UT administration has received Rs 15 crore for paying incentives to buyers of electric vehicles (EVs) for this fiscal year, raising the budget three times as compared to Rs 5 crore allotted last year from September when the new EV policy was launched. The amount – earmarked in the 2023-2024 budget of […]
Chinese automaker BYD to make EVs in Vietnam – EQ Mag
The presence of BYD would pose a direct challenge to VinFast, a Vietnamese EV maker Chinese automaker BYD Co. plans to expand into electric vehicles manufacturing and assembly in Vietnam, according to a Vietnamese government statement citing the company’s chair. Reuters in January exclusively reported that the Xian-based EV maker had plans to open a […]
NBFCs step up used car funding as EVs catch on – EQ Mag
Non-banking financial companies (NBFCs) are stepping up the funding of used cars, seeing it as a growth driver over the next two-three years, especially with electric vehicles (EVs) gaining traction in the Indian market. Mahindra Finance, Shriram Finance, Poonawalla Fincorp, Cholamandalam Finance and others expect wider acceptance in the metros for used EVs. Finance penetration […]
Fisker and Ample Partner to Deliver Fisker Ocean EVs with Innovative Swappable Batteries by the Start of 2024 – EQ Mag
Fisker partners with Ample for electric SUVs with swappable batteries Fisker and Ample seek to increase adoption of EVs in the United States and Europe The companies intend to bring the first Fisker Ocean SUVs to market with swappable batteries by Q1 2024 Fisker and Ample will share revenue related to the battery swapping system […]
Is Green Hydrogen Always Green? – EQ Mag
Governments shouldn’t be rewarding firms that are actually emitting more CO2e just because they are making hydrogen. The Inflation Reduction Act (IRA), along with Canadian, EU, and other jurisdictional policies, are incenting a transition to green hydrogen, albeit in different ways and with often foolish use cases. If governmental money is a thumb on the […]
MG Motor expects 30% of sales to come from EVs this year; gears up to drive in electric hatch Comet – EQ Mag
The company broke even in March, and expects EVs to comprise 30 percent of its total sales volumes. While previewing its electric car Comet, MG Motor India revealed that it has invested around Rs 800 crore to produce the car locally at its plant in Halol, Gujarat. The company anticipates a strong response and will […]
Non-Tesla EVs Can Access Superchargers, But There’s a Catch – EQ Mag
Non-Tesla EVs Can Access Superchargers, But There’s a Catch Tesla’s Supercharger stations have been a major selling point for the electric carmaker, but the recent decision to open up some of these stations to non-Tesla electric cars has caused some headaches for Tesla owners. YouTuber Marques Brownlee recently took his Rivian R1T to a Tesla […]
Share of CNG, EVs and hybrid vehicles likely to reach 30% of total auto sales in 5 years: Icra- EQ Mag
Demand for Electric Vehicles (EVs) has increased exponentially in the last two years with the government’s push, increasing awareness, and new launches, domestic rating agency Icra said in its report. CNG, EVs and hybrid vehicles may grab up to 30 per cent share in total auto sales in next five years even as petrol cars […]
100 electric vehicle charging stations to be set up in Sirmaur – EQ Mag
100 electric vehicle charging stations to be set up in Sirmaur In a bid to encourage plying of electric vehicles (EVs), as many as 100 charging stations would be set up in Sirmaur district. Deputy Commissioner, Sirmaur, RK Gautam, has directed all sub-divisional magistrates to identify places where such stations would be stationed. “All SDMs […]