Ford stock jumped as much as 9% on Wednesday after the company unveiled its “Ford+” plan. The automaker will separate its electric vehicles unit from its gas-powered cars unit to scale EVs. Ford will retain ownership of both units rather than spinning one off into a separate company. Ford stock jumped as much as 9% […]
Electric vehicles to grab market share soon; M&M, Tata Motors, Sona Comstar among top automaker – EQ Mag Pro
The EV market share is estimated to jump sharply to 10% by FY25 on account of more launches and increased capacities, according to Nomura. A potential rise in fuel prices can also accelerate the EV adoption further. Electric vehicles are expected to come charging soon and will likely grab a substantial market share from petrol […]
Electric vehicles not getting rightly depreciated, say insurers – EQ Mag Pro
There are multiple issues that insurers are grappling with when it comes to motor insurance of electric vehicles (EVs). There are multiple issues that insurers are grappling with when it comes to motor insurance of electric vehicles (EVs). One of the major concerns is to rightly depreciate the electric vehicle, as the cost of the […]
Heralding a new era of solar-powered Electric Vehicles – EQ Mag Pro
The world is waking up to the idea of expanding the applications of endless solar power. The rooftop solar power systems to meet the electricity needs of domestic and industrial usage have already gained momentum in recent years and now advanced technologies are being evolved to solar power vehicles. The battery recharge and expanding range […]
Ashok Leyland mulls setting up separate production plant for electric vehicles – EQ Mag Pro
Ashok Leyland has also lined up an investment of ₹500 crore to develop powertrains based on alternative fuels such as CNG and hydrogen. Commercial vehicle maker Ashok Leyland is mulling to set up a new manufacturing facility for the production of electric vehicles (EVs). The Chennai-based company aims to expand its EV portfolio as well […]
High nickel battery chemistry contributed most to electric vehicles in 2021 – EQ Mag Pro
The high nickel chemistry batteries come with a higher total capacity due to higher energy density. The electric vehicle batteries use different types of technologies and one of them is the high nickel battery chemistry, which contributed most to electric vehicles in 2021, reveals a study by Adamas Intelligence. The contribution of high nickel battery […]
Electric vehicles could revive automobile industry of this country: Details here – EQ Mag Pro
Australia has one of the biggest reserves for lithium, which is the key mineral used in making EV batteries. With demands and sales of electric vehicles increasing substantially around the world, the automobile industry in Australia could see a revival, claims a study by Australia Institute’s Carmichael Centre. The study claims that Australia’s erstwhile car […]
Electric Vehicles in India; miles covered and miles to go – EQ Mag Pro
Only 7,96,000 Electric vehicles have been registered till December 2021 The growth of sales has seen a growth of 133% from FY 2015 to FY 2020 Electric vehicle (EV) industry has seen a drastic change over the last decade. India, however, lags considerably in terms of EV penetration, compared to other larger markets but there […]
Government agencies using 5,384 electric vehicles, says Nitin Gadkari – EQ Mag Pro
A total of 5,384 vehicles out of 8,47,544 vehicles that were in use by government agencies, including central and state governments and autonomous bodies, as of February 4, 2022, were electric vehicles, Parliament was informed earlier this week. In a written reply to the Lok Sabha, Minister of Road Transport and Highways Nitin Gadkari said […]
Gujarat has 12th highest number of electric vehicles in country; UP tops – EQ Mag Pro
Uttar Pradesh has the highest number of EVs (2,76,217), followed by Delhi (1,32,302) and Karnataka (82,045). Some of the lesser developed states such as Assam (47,947 vehicles), Bihar (64,241) and Uttarakhand (25,451) have more electric vehicles compared to Gujarat. Gujarat stands 12th on the list of states having maximum number of electric vehicles in India, […]