The EV industry is expected to create 5 crore direct and indirect jobs by 2030, the Economic Survey 2022-23 stated India’s electric vehicles (EV) market is expected to grow to one crore units annual sales by 2030 and create 5 crore direct and indirect jobs, according to the Economic Survey 2022-23. The survey tabled in […]
Piedmont to build lithium plant in Tennessee for EV market – EQ Mag Pro
Piedmont Lithium Inc said on Thursday it will build a lithium processing plant in Tennessee to supply the rapidly-growing electric vehicle (EV) industry. The move follows a U.S. government push for more domestic production of lithium, a critical metal for EV batteries. Last month’s sweeping Inflation Reduction Act includes a $7,500 tax credit for EVs […]
India’s EV market to hit annual sales of 17 million units by 2030, says report – EQ Mag Pro
According to a report by the India Energy Storage Alliance (IESA), the market for electric vehicles in India is expected to grow at a CAGR of 49% between 2021-30, with annual sales in the segment estimated to surpass 17 million units by 2030. This projected expansion is likely to be fueled by a variety of […]
Servotech Power Systems Ltd. initiates the manufacturing of high-tech EV chargers to mark its entry into the EV Market – EQ Mag Pro
NEW DELHI : In a bid to establish state-of-the-art technological EV charging infrastructure and bolster the nation’s progression towards the electric revolution, Servotech Power Systems Ltd. (NSE: SERVOTECH), a leading entity engaged in the manufacturing of high-end solar products, medical devices and LED lighting solutions initiates the manufacturing of smart tech-driven innovative EV chargers for […]
Hyundai plays catch up in EV market with car that can cook dinner
Hyundai Motor Co. is pitching its new Ioniq 5 as being able to do more than the average EV. In a series of promotional videos on YouTube, a camper is shown running on a treadmill hooked up to the car’s battery, listening to their favorite tunes on a bank of speakers, and even rustling up […]
Tennessee Highways Put EV Charging Stations Every 50 Miles
To help jump start the growing EV market, America’s biggest public utility is teaming up with Tennessee in a new initiative to build a network of fast-charging stations every 50 miles along major highways. To help jump start the growing electric car market, America’s biggest public utility is teaming up with Tennessee state and local […]
Toyota-Panasonic venture to build lithium-ion batteries for hybrids in Japan
The production line at a Panasonic factory in Tokushima prefecture will have enough capacity to build batteries for around 500,000 vehicles a year, Prime Planet Energy & Solutions, Inc said in a statement TOKYO: A joint battery venture of Toyota Motor Corp and Panasonic Corp on Tuesday said it will produce lithium-ion batteries for hybrid […]
