The World’s EV Fleet Continues to Grow Strongly, with 2024 Sales Set to Reach 17 Million: IEA
This represents a continuation of the robust growth witnessed in the first quarter, where sales jumped 25% compared to the same period in 2023. Notably, the number of electric cars sold in the first three months of 2024 is already roughly equivalent to all the electric car sales in 2020.
Tesla Eyes India for Electric Vehicle Factory
The potential plant is estimated to cost between $2 billion and $3 billion. The report, citing sources familiar with the plans, suggests Tesla is focusing on established automotive hubs in Maharashtra, Gujarat, and Tamil Nadu.
Xiaomi Electrifies the EV Market: SU7 Debuts with 90,000 Orders in 24 Hours
The SU7 boasts impressive features, including a claimed range of up to 800 kilometres on a single charge and a 0-to-100 km/h acceleration time of a mere 2.78 seconds. The top speed is 265 kilometres per hour.
JSW MG Motors JV Targets 1 Million EV Sales by 2030
The JV aims to capture 33% of the new energy vehicle market within the decade.
India Govt Approves New Electric Vehicle Policy: Will Tesla Enter India?
The policy mandates a minimum investment of ₹4150 crore ($500 million) with no upper limit on investment. Under this policy, companies are required to establish their manufacturing facilities in India within three years and start commercial production of EVs.
Electric Vehicles Emit More Particle Pollution, Claims Study
The brakes and tyres on EVs release 1,850 times more particle pollution, claims the study.
Xiaomi Makes Big Bet on Premium Electric Car Market
The company, known for its affordable smartphones and smart home devices, surprised many by unveiling its first EV, the SU7, at the Mobile World Congress in Barcelona.
Tata Electric Vehicle Unit Gears Up for $1-2 Billion IPO
This follows TPEML’s successful securing of $1 billion in funding from TPG in January 2023 as part of its ambitious $2 billion investment plan for the EV segment by 2026.
Indians Prefer Hybrid Cars Over EVs, Says Deloitte Study
Despite EV’s appeal for lower fuel costs and emissions, concerns about charging time, range, and infrastructure remain significant hurdles.
“Tesla Killer” BYD to Launch Seal EV; Tata Motors Reduces EV Prices
The Seal EV joins BYD’s existing electric vehicle lineup in India, which includes the Atto 3 electric SUV and e6 MPV