Electric Vehicles
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India Set to Hit 123 Million EVs on Roads by 2032, Says Report
Released in collaboration between the India Energy Storage Alliance (IESA) and Customised Energy Solutions (CES), the report highlights the important role EVs will be in enabling the nation to achieve its net-zero emissions goal by 2070.
India's Passenger Vehicle Sales Reach Record 43 Lakh Units in FY25, Report Reveals
One of the significant drivers of growth was the soaring demand for utility vehicles, now constituting 65 percent of all passenger car sales, rising from 60 percent in the last financial year. This surge was due to the launch of new models, added features, and enticing promotions for customers.
BluSmart Shifts Focus from Ride-Hailing to Uber Fleet Partnership Amid Financial Struggles
Shareholders of BluSmart have voted to sell its fleet to Uber over the next few weeks, starting with a gradual handover of 700-800 cars, according to a source. After this is done, BluSmart will shut down its own ride-hailing services. The time frame for the transition is being worked out, the source further added.
India’s Auto Sector Accelerates Growth with EV Surge and Job Expansion: Report
The central driver of such growth is the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) plan, introduced as of April 2019.
Half of All Cars to Be Battery Electric Vehicles by 2035: Report
According to the Counterpoint Research report, global BEV sales leap 22 per cent in 2023, which were robust year-on-year, despite a slowdown in 2024.
India Reports 28.55 Lakh Electric Two-Wheelers and 2.57 Lakh Electric Four-Wheelers: Centre
As per the Vahan portal of the Ministry of Road Transport and Highways, the total number of electric vehicles (EV) registered in Odisha stands at 1,45,479, with an adoption rate of 1.24 per cent, Minister of State for Heavy Industries and Steel, Bhupathiraju Srinivasa Varma told the Lok Sabha in a written reply.
Tata and JSW Groups to Invest Over $30 Billion in EV Sector Amid Government Push, Report
"We estimate the Tata and JSW groups alone will invest over $30 billion in the coming decade to make EVs and EV materials, of which approximately $10 billion will be in South and Southeast Asia," the report by S&P Global (NYSE: SPGI) Ratings said.
Cost of EVs to match petrol, diesel vehicles in about 2 years, Says Nitin Gadkari
Addressing an event organised by the Automotive Component Manufacturers Association of India (ACMA), the Minister also urged automobile companies to contribute to road safety initiatives, with emphasis that road safety remains a big priority for the ministry. "Ten years ago, when I was pushing for electric vehicles, automobile giants in India didn't take me seriously. Now, they tell me they may have missed the bus," Gadkari told the gathering.
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