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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

However, these annual costs don’t take into account the purchase cost of the vehicle itself and are purely the ‘running’ costs annually. When the purchase cost of each type of vehicle is factored in, average gasoline vehicles are $1,454 per year cheaper to run. per mile.

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Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs – ET Auto

Baua Electric

European automakers face a trifecta of challenges: soft demand due to higher borrowing costs that discourage car purchases, fierce competition from Chinese rivals, and higher input costs squeezing their margins.

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Tesla is accelerating the popularity of EV purchases

Teslarati

As Tesla became a household name, purchase intention has gone up 6% according to new research from Parks Associates. EV purchase intention recently grew by 6% as Tesla became a household name and as these major automakers sought to bring their own EVs to market. The Research. Yet it is now a household name. It’s Aramco.

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Battery stocks’ rally may extend after USD 2 billion surge – ET Auto

Baua Electric

Purchase subsidies, lower operating costs and state-level policy will continue to support growth in the industry, analysts said. “This will be a big story for the next five years” that can provide multifold returns. Meanwhile, new model launches and the expected installation of more fast chargers may boost demand from consumers.

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Ravi Sharma joins Minda Corporation as Head of Group Communication, Branding – ET Auto

Baua Electric

Minda Corporation is in the business of manufacturing auto components and caters to Original Equipment Manufacturers (OEMs) and Tier-1 in various segments in India. Recently, the Competition Commission of India (CCI) approved Minda Corporation’s proposed 8.79% stake purchase in Pricol. stake in Pricol by purchasing over 1.91

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Rio Tinto to invest USD 350 million in Argentina lithium project – ET Auto

Baua Electric

The company purchased the Rincon project from Rincon Mining in 2022 for USD 825 mn, and plans to develop a battery-grade lithium carbonate plant with an annual capacity of 3,000 tons. Rio Tinto said it is working with local communities and authorities to ensure environmental standards.

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Minda Corp exits Pricol with 15% stake sale, rakes in INR 260 cr profit – ET Auto

Baua Electric

crore, Aditya Birla Sun Life purchased 30,30,000 shares for INR 104 crore, Fidelity Funds acquired 30,70,947 shares for INR 105 crore, and Nomura India picked up 30,97,900 shares worth INR 106 crore. ICICI Prudential MF was the biggest buyer of 37,45,000 shares, representing 3% stake for INR 125 crore.

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