High R&D spends and competition have done little to cheapen EVs How much does it cost to build an electric car? As new electric vehicle (EV) makers burn through billions of dollars of cash and pour hundreds of millions more into research and development (R&D), the answer, it would seem, is a lot. And all […]
US, Mexico to cooperate on semiconductors, electric vehicles – EQ Mag Pro
MEXICO CITY (AP) : Mexico and the United States plan to take advantage of the Biden administration’s massive investment in semiconductor production to push the integration of their supply chains and cooperate on expanding the production of electric vehicles through Mexico’s nationalized lithium industry, officials from both countries said Monday Both efforts seek to eat […]
Electric vehicles gain traction in three-wheeler segment, share increases to more than 50% of total sales – EQ Mag Pro
India’s commercial EV market has seen rapid growth in recent years, making up a total of 47 percent of all the three-wheelers. And as per the JKM report, around 191.5 lakh EV sales are expected annually by FY2030. India is, slowly but steadily climbing up the EV adoption chart. Though the degree of adoption or […]
Electric Vehicles Powertrain Systems Market Accelerates Past $100 Billion: Strategy Analytics – EQ Mag Pro
BOSTON : The push to electric vehicles is being dictated by consumer awareness and government regulations and mandates related to climate change and the need to reduce emissions and reverse the impacts of global warming. The latest Strategy Analytics Electric Vehicles Service (EVS) report, “xEV Systems Demand Outlook 2021-2029” forecasts that electric vehicle production will […]
Belgium : TotalEnergies Selected to Install 4,400 EV Charging Stations for Electric Vehicles in Flanders – EQ Mag Pro
On the recommendation of the Department of Mobility and Public Works of the Flemish Region, the Flemish government has tasked TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) with the installation and commercial operation of a charging service for electric vehicles in the West Flanders (Westhoek, Kortrijk and Bruges) and Flemish Brabant (Brussels Periphery, Leuven) regions. TotalEnergies will install […]
Electric vehicles on Indian roads to touch 5cr by 2030; big opportunity for EV charging players: KPMG – EQ Mag Pro
The total number of electric vehicles on Indian roads is likely to touch 5 crore by 2030, presenting an enormous opportunity for players in the charging ecosystem, according to a report by consultancy firm KPMG. A large increase in electric vehicles (EV) sales is anticipated in India due to favourable factors on demand, supply and […]
Electric vehicles bringing ‘silent revolution’ in India, says PM Modi – EQ Mag Pro
This silence is not only about its engineering, but also the beginning of a silent revolution in the country: PM Modi He was speaking at an event commemorating the 40 years of Maruti Suzuki and the launching of the carmaker’s EV plant The government has introduced several schemes for the EV sector, including FAME-II and […]
Senmiao Technology Announces Signing of New Agreement with BYD Affiliate for Leasing of Electric Vehicles – EQ Mag Pro
CHENGDU, China : Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS), a financing and servicing company focusing on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced that its wholly-owned subsidiary Chengdu Corenel Technology Ltd. (“Corenel”) has signed an agreement with Guangzhou Wanjun Automobile […]
Electric vehicles with or without batteries will be taxed at 5%, clarifies finance ministry – EQ Mag Pro
The Union Ministry of Finance on Monday clarified that electric vehicles sold with or without batteries will be taxed at a single rate of 5 percent. Back in June, during the 47th meeting of the GST Council chaired by Union Finance Minister Nirmala Sitharaman, the government had reduced the tax rate on lithium-ion batteries from […]
Electric vehicles: The next growth engine in chemicals – EQ Mag Pro
A paradigm shift in automotive purchasing linked to the electric-vehicle transition is creating a major growth opportunity for chemical companies. The automotive market is undergoing rapid change. Based on a forecast by the McKinsey Center for Future Mobility, battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) will make up more than 55 percent […]