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Global EV Market To Grow By $343 Billion In Next 4 Years: Report

The global electric vehicle (EV) market size is estimated to grow by USD 343.01 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 13.51% during the forecast period. The rise in concern over emissions from fossil fuel vehicles has spurred a surge in demand for low-emission and fuel-efficient […]

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US EV Purchase Dissipates As Consumer Demand Cools Down: Report

An American data analytics, software, and consumer intelligence company, J.D. Power 2024 US Electric Vehicle Consideration (EVC) Study estimate that consumer demand for electric vehicles (EVs) has cooled as the industry grapples with persistent growing pains.  For the first time since the study’s inception in 2021, new-vehicle buyer consideration has dropped from the previous year. […]

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German Battery Firm Theion Receives Validation for Ultra-Fast Charging

Berlin-based battery company theion announced innovation in battery technology, with its reported breakthrough anode chemistry. theion has developed a lightweight polymer host with special coatings to replace anode chemistries such as graphite, silicon-rich graphite or lithium metal foils, and successfully reached over 2,000 charging and discharging cycles. This has been validated by a leading independent […]

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Kia Unveils Revamped EV6 Electric Vehicle With Bigger Battery

South Korean automaker, Kia recently launched a redesigned and upgraded version of its EV6 electric vehicle. The design was initially introduced in 2021. Its redesigned SUV look comes with a fourth-generation 84 kWh battery and an infotainment system. This system is built on Hyundai Motor Group’s software using defined vehicle (SDV) technology. Kia said the […]

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Tata Motors Launches New E-cargo Ace EV 1000

Tata Motors, an Indian commercial vehicle manufacturer, launched its all-new Ace EV 1000 an e-cargo mobility solution. The zero-emission mini-truck offers last-mile mobility, higher rated payload of 1 ton and a certified range of 161km on a single charge. The Ace EV is developed with inputs from its customers and the new variant to address […]

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Magenta Mobility & Switch Mobility Signs MoU To Procure 500 SWITCH IeV4

Integrated electric mobility solutions provider Magenta Mobility and Switch Mobility, the electric vehicle arm of the Hinduja Group have signed an MoU to procure 500 SWITCH IeV4 (Intelligent EV) over two years. The MoU was signed by Maxson Lewis, Founder & CEO of Magenta Mobility, and Mahesh Babu, CEO of Switch Mobility in the presence […]

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MG Motors Establishes 500 EV Chargers In 500 Days In India

MG Motors in India has announced that it has set up 500 chargers in 500 days as part of its MG Charge initiative in India. Gaurav Gupta, Chief Growth Officer, MG Motor India said, “MG aspires to do more than provide cutting-edge electric vehicles. This landmark of installing 500 chargers in as many days underscores […]

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Hyundai, Kia Plan To Launch India-Made EVs Till 2025

Hyundai Motor Group Executive Chair Euisun Chung in his recent visits to India shared mid-to long-term mobility strategic commitments to deliver a major manufacturing advance in India. With the establishment of an annual production system of 1.5 million vehicle units for Hyundai Motor India and Kia India combined. Kia India will also start production of […]

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Log9 Rebrands Its Mobility Arm As EV Asset Management Firm Amphion

Battery cell technology and EV Mobility Ecosystem products developer Log9 has announced the rebranding of its mobility business as Amphion, a full-stack EV asset management company. Amphion will help address critical challenges faced by the commercial electric vehicle (EV) industry, including financing, data & analytics, charging infrastructure, and energy efficiency. Its comprehensive suite of services […]

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