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Ola Electric Claims Improvement In EV Servicing Time

Bhavish Aggarwal-led Ola Electric has claimed that its average serving time has shrunk with time. The firm now expects to further augment its servicing quality. This comes after the company faced several backlash from its customers over higher servicing timing. In a latest investors call, the company briefed its investors about the latest development. “Our […]

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US New Orders Can Drop EV Adoption To 23%: Wood Mackenzie

United States (US) recent executive orders could have profound implications on electric vehicles (EV), slowing down the pace of adoption, according to a recent report from Wood Mackenzie. According to its report, “Trump’s executive orders unsettle electric vehicle and battery markets” policy changes have impacted the EV, battery, and raw material markets in the US […]

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Solar Journey of Africa: 2024 in Review and the Road Ahead

Africa is the continent with the world’s largest solar energy potential and investment is the only thing that’s keeping Africa from powering its development using this potential. The solar growth in Africa remained modest in 2024 in the face of structural challenges such as limited financing, regulatory barriers and infrastructure constraints which still impede the […]

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South America Solar Growth in 2024: Achievements and Challenges

South America continued its steady solar growth over the last half-decade in particular, and overall renewable energy capacity additions in general, through the year 2024. Brazil remained the biggest market on the Latin American continent, with other nations like Chile, Colombia, and Costa Rica showing diversity in renewable progress. On the other hand, Chile’s massive […]

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India’s EV Market Jumps To 7.4% In 2024: SBI Caps Report

The evolution of the electric auto industry revolution is in full swing—1 in 4 vehicles sold globally in CY24 was electric, a leap from 1 in 40 just five years ago, finds SBI Caps report. The report accredited this latest growth to lower operating costs, cushioned by tax breaks and subsidies making EVs more accessible […]

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Govt Brings Draft Rule To Lower Tariffs For EV Users

The latest draft rule made by the Ministry of Heavy Industry (MHI) has proposed new benefits under the PM-Drive scheme. The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme aims to boost electric mobility in the country with a special focus on electric buses and other electric vehicle segments. Currently, the EV […]

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Andhra Pradesh EV Policy Boosts Private Investment In EV Manufacturing

To transform Andhra Pradesh into an electric vehicle (EV) manufacturing hub, the state recently announced its Andhra Pradesh Sustainable Electric Mobility Policy (2024-29). This policy will be in effect for the next five years, promoting quality infrastructure through private investments, fostering urban mobility growth, and reducing transport-sector emissions to achieve carbon neutrality by 2047. The […]

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EV Adoption To Hit 20% By FY30, Says CareEdge Ratings Report

India has set an ambitious target to meet 50% of its primary energy requirement from renewable sources by 2030. To achieve this, India needs to balance Electric Vehicle (EV) penetration with grid-level energy storage capacity. This calls for a transition to meet India’s increasing demand for advanced chemistry batteries, particularly lithium-ion (Li-ion) batteries, due to […]

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Record-Breaking 1.7 Million EVs Sold Globally In Sept: Report

A record-breaking 1.7 million EVs were sold globally over the month of September, announced research-house Rho Motion, today. September overtook the previous record set in December 2023 by 150,000. The Chinese market beat their previous record set in August by 90,000 vehicles, to reach 1.1 million units sold in September 2024. Overall, 11.5 million EVs […]

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