SUBSCRIBE NEWS LETTER

electric cars

Cars And Solar Panel Roofs- Is There A Future Here?

To reduce pollution caused due to fossil-fuel-powered ICE vehicles, the techno-world has developed and adopted various technologies to substitute fossil fuel as a source of energy. Electric cars have been one of the biggest bets  to achieve zero-emissions mobility. Some of the automotive giants like Volkswagen Group, General Motors, etc., have already begun to sweep […]

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One In Every Two EVs Sold Will Have Electric Powertrain By 2030

Electric vehicles are gaining share so fast in China that one in every two cars sold will have an electric powertrain by 2030. The EV sales in China are projected to cross six million units by the end of this year. India is aiming to have 30 per cent of its passenger vehicle sales as […]

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BluSmart raises $50 million to expand its electric car fleet

BluSmart, an electric ride-hailing platform from the promoters behind Renewable firm Gensol, has announced that it has raised $50 million and it will utilize the funds to purchase 5,000 more electric cars in order to scale up its electric vehicle hubs. The funds raised comprise a mix of equity and venture debt. BluSmart calls itself […]

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Saudi Arabia will Purchase Up to 100,000 Electric Vehicles from Lucid Group

America’s electric vehicle manufacturer Lucid Group has announced that it has signed an agreement with the Government of Saudi Arabia, under which the Government will purchase up to 100,000 vehicles over a ten-year period. Saudi Arabia has made an initial commitment to purchase 50,000 vehicles and an option to purchase up to an additional 50,000 […]

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Could Priority Sector Lending Status For Electric Mobility Charge Up Adoption ?

The electric vehicles have a long way to go to lead the mobility sector in India. One of the major points of delay is the finance for the industry. NITI Aayog, Rocky Mountain Institute (RMI), and RMI India released a report in January 2022, titled Banking on Electric Vehicles in India. The report surfaces the need […]

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Tesla Decision To Scrap Charging Equipment with Electric Vehicles Draws Protests

In a surprising move leading electric vehicle manufacturer Tesla has announced that it will no longer be providing charging equipment with its electric vehicles. This implies that electric vehicles can’t be charged at households. Founder Elon Musk said the new strategy is adopted because statistics show low usage of charging electric vehicles at homes. He […]

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CRISIL Says Electric Vehicles Present Rs 3 lakh crore Opportunity for India by 2026

Ratings and research company CRISIL has come out with an analysis that the electric vehicles (EVs) present an opportunity of about Rs 3 lakh crore for various stakeholders in India in the five years through fiscal 2026. CRISIL says that the original equipment manufacturers (OEMs) and component manufacturers will have potential revenue of about Rs […]

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FADA says Electric Vehicle Retail Sales Swells Three-Fold in India

Electric vehicles adoption in India is playing out better than market estimates where fuel prices have been rising unabatedly of late. According to the data released by the Federation of Automobile Dealers Associations (FADA), electric vehicle retail sales in India saw over a three-fold jump last fiscal with the two-wheeler segment ruling the roost. FADA has gathered […]

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