Report Suggests India's EV Market Could Achieve $100 Billion Revenue by 2030 with Resolution of Key Issues
Newsmen Business Desk -
The growth in EV adoption is expected to be driven primarily by two-wheelers and three-wheelers, with a projected penetration of over 45%. Four-wheelers, specifically cars, are also expected to grow to more than 20% penetration by 2030.
Electric cars to increase by almost 10 times by 2030: International Energy Agency
IANS -
The energy world is set to change significantly by 2030, based on the current policy settings, which includes almost 10 times as many electric cars on the road worldwide, the International Energy Agency (IEA) said on Tuesday.
For EVs to contribute to India's net zero goals, integrated action called for
IANS -
They said while the energy source has to majorly turn green, for widespread adoption of EV’s necessary infrastructure has to be created hand in hand in an integrated manner.
PURE EV launches ePluto 7G MAX with 201 km range
IANS -
Launched at a price of Rs 1,14,999 (ex-Showroom price), the scooter comes available in four colours -- matte black, red, grey and white, which is now open for booking across India, with deliveries beginning from the upcoming festive season.
Ather Energy raises Rs 900 cr from Hero MotoCorp, GIC
IANS -
Ather Energy said it plans to use the funds for new product launch and expansion of its charging infrastructure and retail network.
India sees over 120% growth in EVs, hybrid vehicles surge 400%
IANS -
Assistance systems (ADAS) rapidly expanded by 350 per cent (year-on-year) and the adoption of connected and digital cockpit features continue to gain steady traction in passenger vehicles, surpassing 60 per cent, according to the report by CyberMedia Research (CMR).
BYD sets new sales record in China in June, sells 2.5 lakh units
IANS -
Backed by Warren Buffett’s Berkshire Hathaway, BYD delivered 253,046 cars last month, a 5.3 per cent increase over the 239,092 cars delivered in May, it said in a filing to the Hong Kong stock exchange, reports the South China Morning Post. BYD delivered 1.26 million vehicles to customers in the first quarter of 2023, almost double the figure a year ago.
Toyota plans EV with 1,200-km range that fully charges in 10 mins
IANS -
Elon Musk-run Tesla Superchargers give about 200 miles of charge in 15 minutes. The company is also planning to introduce a high-performance lithium-ion battery to its next-generation EVs by 2026, as part of its new technology roadmap revealed on Tuesday.
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