EVs News
China makes more cars than it needs. Now, it’s shakeout time.
An “elimination round” is likely to cull weaker players in a market dominated by EVs and plug-in hybrids. Among the early losers are foreign brands.
4 min read9 Jan 2025Exicom Tele-Systems stock hits 5% upper circuit on MoU for EV charging infrastructure
Exicom Tele-Systems’ shares surged 5% to ₹250 after announcing a partnership with Mufin Green Infra to develop EV charging infrastructure. The MoU aims to create end-to-end charging solutions, enhancing the EV ecosystem and driving adoption among various customers in India.
2 min read8 Jan 2025No need for new incentives in EV ecosystem, existing subsidies to continue: Goyal
The government aims to encourage RWAs, office complexes, and commercial establishments to set up their own charging infrastructure, further supporting the growth of the EV ecosystem.
2 min read3 Jan 2025Tesla’s global vehicle deliveries fell in 2024 for the first time in years
A surge of promotional deals in the fourth quarter failed to stimulate sales enough to top the prior-year results.
1 min read2 Jan 2025Electric journey helps Tata Motors, Mahindra become first to win auto PLI
This is the PLI Auto scheme’s first disbursement since it was launched in 2022, offering a critical financial boost for two of India’s leading green mobility players. Mahindra earned incentives for its electric three-wheelers, while Tata Motors did so for the Tiago EV, Starbus EV, and Ace EV.
3 min read2 Jan 2025EV sales surge 27% in India, 2024 hits new milestone
India’s electric vehicle (EV) industry reached a significant milestone in 2024, with sales rising 26.5% year-on-year to 1.94 million units by December 29, according to Vahan data from the Ministry of Road Transport and Highways (MoRTH).
1 min read2 Jan 2025Beijing pushes to use China-made chips in its EVs
China wants the chips inside EVs to be Chinese-made, while the U.S. is objecting to the country’s push for self-sufficiency in the $80 billion business.
5 min read31 Dec 2024China’s EV boom is starting to pinch oil producers
Big, integrated oil companies could face a double whammy from the shift in China’s car market.
2 min read23 Dec 2024CAFE comfort: New fuel efficiency norms can speed up clean mobility in India
Tighter carbon emission standards, as envisaged by India’s proposed CAFE norms, should incentivize automakers to make cleaner vehicles overall. The ‘super credits’ system is designed for just that.
4 min read22 Dec 2024A tie-up between Honda and Nissan will not fix their problems
Speed, not scale, is what they require
3 min read19 Dec 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared