Baua Electric

MAY 15, 2024

Matel , which makes components like power trains and motor control units for electric vehicles (EV) among other things, has raised USD 4 million in a funding round led by clean energy-focused venture fund Transition Venture Capital. The firm currently focuses on three-wheeler EVs, but also has products for two-wheeler and four-wheeler EVs.

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Baua Electric

JANUARY 19, 2024

General Motors’ Cadillac is ramping up production of its Lyriq compact, electric sport utility vehicle now that more batteries are available and demand for luxury EVs remain strong despite a slowdown for other types of EVs, a senior executive said on Thursday. government tax credit this month as new sourcing guidelines kicked in.

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Baua Electric

MAY 9, 2024

South Korea on Wednesday welcomed a US decision to extend automakers’ eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026. The new rules now let car buyers get up to USD 7,500 in tax credits for electric vehicles (EV) containing Chinese graphite through 2026.

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Baua Electric

FEBRUARY 7, 2024

China exported 4,43,000 vehicles in January 2024, accounting for 18.2% China’s new energy vehicle sales fell 38.8% versus the previous month, the first such drop since August 2023, industry data showed, as demand faltered in the world’s largest auto market despite a renewed discounting push led by Tesla.

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Baua Electric

APRIL 9, 2024

Bakshi said the three-wheeler and four-wheeler vehicles employed by the firm would also be electrified completely, without giving a timeline or details of the plan. The firm already has about 8,000 electric scooters from IPO-bound sister firm Ola Electric to provide bike-taxis services.

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Baua Electric

APRIL 30, 2024

Profit after tax ( PAT) was at INR 517 crore with a margin of 16.3% Revenue share from Battery Electric Vehicles (BEV) was at 29%, and BEV revenue increased 32% YoY. Profit after tax (PAT) was at INR 517 crore with a margin of 16.3% EBITDA was at INR 902 crore with a margin growth of 28.3% and 30% YoY. and 30% YoY.

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Baua Electric

APRIL 25, 2024

Weakness in auto and industrial demand have been weighing on the sector, while investors remain cautious amid high interest rates, with escalating tensions in the Middle East increasing fears. billion due to slowing demand and intense competition worldwide in electrical vehicles. million expected by analysts in an LSEG poll.

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Baua Electric

JANUARY 22, 2024

billion) in electric vehicle (EV) manufacturing projects in India’s coastal state of Odisha , as it takes on both domestic and international players in India’s small but booming EV market. JSW Group is set to invest 400 billion rupees (USD 4.81

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Baua Electric

MARCH 18, 2024

The transport department has released a draft notification to amend the Karnataka Motor Vehicles (Conditions for Vehicles Used in the Transportation of Schoolchildren) Rules, 2012, aiming to regularise the operations of numerous vans, cabs, and other vehicles that transport schoolchildren without permit.

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Baua Electric

MAY 13, 2024

Ankush — similar to his role at the electric vehicle maker — is expected to delve into several aspects of the business along with being made the chief executive of Ola Financial Services , the people said. He was the chief business officer at Ola Electric. Revenue grew 58% to INR 2,135 crore.

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Baua Electric

MAY 3, 2024

If you own a vehicle that is more than 15 years old, here is all you need to know about scrapping your car. Then you should know that 21 states and union territories (UTs) are offering up to 25% discount on personal vehicle price or road tax for customers who scrap their old vehicles and buy a new one, stated a Times of India news report.

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Baua Electric

MAY 9, 2024

Sona Comstar provides mission critical systems for electrified and non-electrified powertrains to BEVs as well as ICE vehicles, in India and many markets across the world. Sona Comstar provides mission critical systems for electrified and non-electrified powertrains to BEVs as well as ICE vehicles, in India and many markets across the world.

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Baua Electric

APRIL 29, 2024

BluSmart Anmol Singh Jaggi CEO cofounder cab services BluSmart , a ride-hailing startup focusing on electric vehicles, posted more than INR 390 crore in revenue in fiscal 2024, compared with about INR 160 crore in FY23, cofounder Punit Goyal told ET. The firm has also crossed INR 500 crore in annualised revenue run rate (ARR), he added.

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Baua Electric

JANUARY 8, 2024

In FY22, revenue from ride-hailing — four-wheelers, auto rickshaws and bike-taxis — grew 30%. The company has also expanded into electric vehicle ride-hailing with the announcement of Uber Green in June 2023. Meanwhile, Uber India has been facing scrutiny on several regulatory and tax fronts.

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EV Life

APRIL 7, 2023

That’s why it’s no surprise that the high sticker price of many electric vehicles, particularly Tesla models, has long been one of the main deterrents for people looking to buy a new car, truck, or SUV. Tesla’s electric vehicles are by far the most popular EVs in the country. Which brings us to Tesla. Not anymore.

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EV Adoption

FEBRUARY 23, 2021

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

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Baua Electric

APRIL 28, 2024

Analysts say rising oil prices benefited the company’s petrochemical business, helping to offset losses from its battery unit SK On, which has been facing weaker electric vehicle (EV) battery demand. billion won in the previous quarter due to fewer EV battery shipments. .

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Electric Vehicles India

JULY 26, 2021

UT Administration proposes incentives for electric vehicles . To promote the adoption of electric vehicles the UT Administration has prepared a draft of financial incentives for the purchasers of e-vehicles. The road tax in Chandigarh has already been waived off for electric vehicles till 2023.

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Electric Vehicles India

DECEMBER 14, 2021

Reducing the cost of electric vehicles. 10,000/KWh with an increase in cap from 20% to 40% of the cost of the vehicle from 11th June 2021, thus enabling the cost of Electric two-wheelers at par with that of ICE two-wheeler vehicles. Drop-in battery price will result in cost reduction of electric vehicles.

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Baua Electric

FEBRUARY 7, 2024

Gujarat Fluorochemicals arm GFCL EV Products on Wednesday announced an investment of INR 6,000 crore for increasing production capacity of electric vehicle battery materials in the next 4-5 years. With this, GFCL EV is now entitled for the concessional income tax rate regime, it stated.

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Baua Electric

JANUARY 28, 2024

The push for investment comes amid a global downturn in prices for electric vehicle battery materials lithium and nickel, which have been hit by slower-than-expected electric vehicle uptake. For nickel, a flood of Indonesian supply has also hit prices.

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Baua Electric

JANUARY 25, 2024

The firm, he said, had turned profitable based on earnings before interest, taxes, depreciation and amortisation ( Ebitda ) in the fiscal year ended March 31, 2023. Bakshi said the three-wheeler and four-wheeler vehicles employed by the firm would also be electrified completely, without giving a timeline or details of the plan.

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Baua Electric

JANUARY 16, 2024

Electric vehicles were already considered expensive and hard to repair. fleet operator of EVs, has blamed the sale on high repair costs and weak demand for the vehicles it offers on rent. German rental firm SIXT said on Tuesday it signed a multi-billion euro deal with Stellantis to buy up to a quarter of a million vehicles.

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Electric Vehicles India

JUNE 24, 2021

Draft Odisha electric vehicles policy 2021. To promote the adoption of electric vehicles and to achieve the target of the government of adopting 20% battery electric vehicles in all vehicle registrations by 2025. The electric vehicle policy is valid for a period of five years. K ey objectives.

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EV Life

AUGUST 10, 2023

This article will explore what makes the F-150 Lightning such an impressive addition to Ford’s growing EV lineup, as well as compare the six different trims available. There are a variety of programs, grants, and tax credits available to encourage drivers to make the switch to electric vehicles. Clean Vehicle Assistance Program.

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Electric Vehicles India

NOVEMBER 3, 2021

Delhi stops EV subsidies as electric vehicle registrations pick up pace. Transport Minister Kailash Gahlot said that the government does not plan to extend the subsidy scheme on the purchase of electric vehicles any longer. lakh per vehicle. Road tax and registration fees for these vehicles were also waived.

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EV Life

AUGUST 24, 2023

American EV manufacturer Rivian Automotive initially unveiled a prototype of its futuristic all-electric SUV—the R1S—at the Los Angeles Auto Show in November 2018. This article will explore the Rivian R1S, examining its available models and premium features and showcasing how financing the R1S through EV Life can save you both time and money.

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CN EV Post

APRIL 11, 2023

The CAAM proposes that China's central and local governments continue to introduce policies to promote auto consumption, given the current weak market expectations. China's new energy vehicle (NEV) sales in March were 653,000 units, up 34.8 Sales of fuel cell vehicles were 50 units, up 27 percent year-on-year.

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CleanTechnica EVs

NOVEMBER 3, 2021

This is the second part of a two-part article. You can find Part 1 here. Running The Numbers I can’t know the exact figures for the ID.4 4 in my example in Part 1, but I’ll assume $750 for the transport and assume there are no state or local incentives (but be sure to check on […].

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Baua Electric

APRIL 16, 2024

We know that land has been a scarce commodity and specifically in the areas or the auto hubs where we want. Not that we want to get into a vehicle manufacturing, but if you have noticed we have actually made an in-house complete EV two-wheeler and a three-wheeler and a demo vehicle for a four-wheeler. Absolutely.

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Electric Vehicles India

SEPTEMBER 15, 2021

UT administration prepares final draft policy on electric vehicles. The UT Administration has formed a three-member committee to prepare a draft policy on electric vehicles in Chandigarh. The department said that the electric vehicle policy would be implemented for 5 years after the UT Administrator approval.

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Electric Vehicles India

SEPTEMBER 14, 2021

Assam Electric Vehicle Policy 2021. The EV policy 2021 shall serve as the adoption of electric vehicles in the state and to better the air quality, reduce noise pollution, enhanced energy security and in combination with a low carbon power generation mix-reduced greenhouse emissions. Assam Electric Vehicle Policy 2021.

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EV Life

JUNE 15, 2023

You will also want to take advantage of the numerous state and federal tax credit, incentives, and rebates available to encourage drivers to purchase eligible EVs like the Tesla Model 3 and Model Y instead of a traditional gas-guzzler. There is no application fee, and down payments can range between 0% and 50%. Credit score.

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Teslarati

JANUARY 8, 2024

South Korean automakers Hyundai and Kia placed second together in US electric vehicles (EV) sales after Tesla, beating Detroit-based legacy automakers Ford and General Motors. Based on sales data from S&P Global, Hyundai Motor Group is behind big names in the global auto market, including Toyota, Ford, and General Motors.

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Get Electric Vehicle

MAY 29, 2021

At present, an electric vehicle costs 30% more than an IC engine-powered vehicle with similar specifications. A study conducted by BloombergNEF forecasts that Electric vehicles will be cheaper than gasoline-powered vehicles in Europe. Auto giants were reluctant to shift their focus from gasoline cars to electric cars.

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Electric Auto Association

SEPTEMBER 9, 2022

The Inflation Reduction Act (IRA) is a massive climate, health care, and tax bill with the overarching goal of slowing the rise in consumer prices that have been climbing at the fastest pace in approximately 40 years. Additional changes include: An MSRP cap of $80,000 for vans, SUVs, and pickup trucks and $55,000 for any other vehicle.

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Baua Electric

JANUARY 6, 2024

If one is familiar with British automotive heritage, then there are venerable names that are permanently etched in the minds of auto aficionados. Seizing this opportunity, UK-based Lunaz launched its Upcycled Electric Vehicle (UEV) programme a few years ago. This represents a 50 percent increase in total build-slots versus 2020.

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