New Delhi : Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government’s move to cut FAME II subsidy and support a ‘Green Tax’ on fuel-based two-wheelers. The Ministry of Heavy Industries’ latest decision to cut down FAME II subsidies is likely to […]
Jaguar evolution into all-electric brand on track; new model launches slated in 2025, says Chandrasekaran – EQ Mag
The transformation of Jaguar into an all-electric luxury brand is on track with first new vehicles to be launched in 2025, according to Jaguar Land Rover Chairman N Chandrasekaran. Addressing shareholders in the company’s Annual Report for 2022-23, he noted that the British automaker is set to transform into a modern luxury vehicle business. Jaguar […]
Tesla’s record run drives nearly USD 200 billion jump in value – EQ Mag
The clouds are finally parting for Tesla Inc. investors who stuck with the electric-vehicle maker through a rough ride. A rush of good news for the company and the return of bullish market conviction have put the stock on pace to more than double this year. The Elon Musk-led EV company has added more than […]
Ford Charts a New Path: Plans to Sidestep Dealerships through Online Car Sales – EQ Mag
In a radical shift from conventional sales practices, Ford Motor Company is set to transform the customer experience by selling cars directly to consumers via online platforms. Ford CEO Jim Farley envisions a fresh approach to auto sales which, he believes, will enhance the consumer experience and thereby bolster sales figures. His plan? Leapfrog the […]
Porsche-Designed Electric Scooter Full of Taiwanese Flavors – EQ Mag
Yadea has officially announced its electric scooter F200, which is primarily designed by Porsche, and not only does it possess powerful performance, but also resembles scooters seen in Taiwan. Unfortunately, the model will not be released in the Taiwanese market. VF F200, the brainchild between Yadea and Porsche Design, was finally announced officially this week. […]
Ola Electric to kick off investor meet on IPO plans – EQ Mag
MUMBAI : India’s Ola Electric will hold talks next week with investors in Singapore and the United States on its planned stock market listing, the first of a series of meetings for its up to $1 billion IPO, two sources with direct knowledge said. The sources said Ola, which makes electric scooters and is backed […]
Delhi: Govt seeks inputs from people for revised EV policy – EQ Mag
NEW DELHI : The Delhi government has begun work on drafting a revised electric vehicle (EV) policy for the national capital. The existing one will expire in August. People can give their suggestions for the policy online. The link for the same is available on different social media sites of the transport department. A senior […]
RevFin eyes 400cr mop-up to drive loans for EV buys – EQ Mag
Electric vehicle financier RevFin is looking at raising ₹300-400 crore in this financial year for disbursing loans to buy two-wheelers, three-wheelers and four-wheelers deployed for commercial use. The company, which received its first tranche of $5 million (about ₹41 crore) from the United States Development Finance Corporation earlier this week, expects strong demand for loans, […]
Arrival to convert Antara’s $20 million loan into equity – EQ Mag
Arrival said on Tuesday it will convert shareholder hedge fund Antara Capital Master Fund LP’s $20 million loan into equity, a move that would help the British electric-vehicle startup lower its debt load. According to the deal, Antara will not be allowed to sell more than 10% of the traded volume of Arrival’s ordinary shares, […]
France braces for power demand surge driven by EVs, alternative fuels – EQ Mag
PARIS : Electric vehicles and other technology to cut emissions is likely to drive a surge in French power demand by 2035, meaning France will need to maintain its existing nuclear capacity, grid operator RTE said on Wednesday. The European Union in March approved a law to end sales of new C02-emitting cars in 2035. […]
