Electric Vehicle (EV)

BUDGET: FM Announces Support For RTS, Offshore Wind and EV Manufacturing

Union Finance Minister Nirmala Sitharaman announced the Union Budget 2024 today. Speaking in Lok Sabha, the finance minister discussed the recently announced Pradhan Mantri (PM) Suryodaya Scheme. On January 22, PM Narendra Modi announced the connection of one crore households with rooftop solar. In her budget speech, the finance minister talked about the savings of […]

Read more

Maharashtra Leads In Country With Largest EV Charging Infra 

While the growth of Electric Vehicle (EV) has become indispensable to the automobile sector in the country, some states have spearheaded the movement. The latest data from the government claimed that among all Indian states, Maharashtra installed the highest number of operational charging stations.   The latest data shared by the Union Minister of New […]

Read more

Venture capital rolls in for EV battery startups

A key development in the global EV industry’s advancement last year was a striking rise in venture capital for EV battery startups, which indicates an upward graph for the trend in 2022 both within and beyond India. Globally speaking, 2021 saw EV battery startups raising over $3.6 billion through funding rounds led by big names […]

Read more

Major Auto OEMs to Soon Set Up Open-source EV Architecture: Report

In 2021, several tech companies created open-source vehicle architecture operating systems and open electric vehicle (EV) platforms. This approach of adopting new partnership models in the automotive sector will increase in 2022, according to a latest report produced by market research firm Gartner. As digital technology becomes the differentiator in the car sector, automakers will […]

Read more

Auto Component Hub Thailand Plans EV Package

The Thai cabinet is considering tax cuts and subsidies to boost Thailand’s EV market. The idea is clear. To ensure that the South East Asian country remains a hub for component manufacturing, even as the era of ICE vehicles ends over the coming decade and more.  The move comes even as Thailand faces a fresh […]

Read more

Euler Motors, TWU to Deploy 1,000 E3W Within a Year

Bengaluru-based Electric Vehicle (EV) financier Three Wheels United (TWU) announced it has partenered with EV maker Euler Motors to deploy more than 1,000 electric 3-wheelers across Delhi NCR, Bengaluru, Chennai, and Hyderabad by the end of the financial year 2022-23. TWU aims to address the issue of high cost of finance for drivers of electric […]

Read more

Reliance Joins Altigreen in the EV Race

Reliance New Energy Ltd (RNEL), a subsidiary of Reliance Industries Ltd (RIL), has announced an agreement with Altigreen Propulsion Labs Private Limited (Altigreen), a Bengaluru-based electric vehicle technology and solutions company for commercial last-mile transportation through two, three, or four-wheelers. . “Reliance New Energy Ltd (RNEL), a wholly-owned subsidiary of the company, has entered into an agreement […]

Read more

Record Electric Vehicle Sales Worldwide in 2021: Report

New electric vehicle (EVs) sales portrayed an ever-increasing trend last year. With a total number of 6.5 million units sold in 2021, the year saw almost every next month set a new record. As per the report by EV Volume, in the last month of December alone, over 907,000 electric cars were sold, a nearly […]

Read more

India’s ‘1st Electric Motorcyle’ KRATOS to be Unveiled by Jan End

Electric motorcycle maker Tork Motors is set to launch its much-awaited ‘made-in-India’ e-bike T6X, now renamed as KRATOS, by this month-end, which will be the first vertically integrated electric vehicle (EV) in the country, according to a statement. The company also said it is expected to commence deliveries of the e-bike within a couple of […]

Read more