Remove Buy Remove Download Remove Production Remove Tax
article thumbnail

Tesla to bring LFP battery supply chain to US – Bloomberg News – ET Auto

Baua Electric

This year, Tesla’s cheapest cars, the Model 3 compact sedan, lost tax credits for the purchase of EVs under the Inflation Reduction Act. Panasonic partnered with Tesla on Gigafactory in Nevada with investments in the production equipment, which the Japanese supplier uses to manufacture and supply the EV maker with cells.

article thumbnail

What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

Seize the opportunity to explore, test, drive, and consider an electric vehicle for your next ride as manufacturers expand their product lines to meet growing consumer demand. Here’s what you need to know about using the EV tax credit to lease your new electric vehicle. How Does Obtaining a Tax Credit for a Leased EV Work?

article thumbnail

NITI Aayog bats for incentives for LNG-fuelled commercial vehicles – ET Auto

Baua Electric

NITI Aayog has proposed a host of fiscal and non-fiscal incentives, extension of the production linked incentive scheme to LNG-fueled vehicles and setting up a demand aggregator to encourage use of liquified natural gas (LNG) in medium and heavy commercial vehicles.

article thumbnail

Uber India posts 54% increase in FY23 revenue – ET Auto

Baua Electric

Xchange Leasing was engaged in the business of buying cars and leasing those out to its driver-partners. Meanwhile, Uber India has been facing scrutiny on several regulatory and tax fronts. The company has also expanded into electric vehicle ride-hailing with the announcement of Uber Green in June 2023.

India 52
article thumbnail

Hertz’s EV sale to fan cost concerns, dampen used-car market – ET Auto

Baua Electric

“Mainstream consumers are already hesitant to buy an EV, and this news only supports their concerns.” 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. Hertz’ move underscores a wider shift in the EV landscape.

Sale 52
article thumbnail

Expecting ROCE to be higher than 20% in long run: Sunil Bohra, Uno Minda – ET Auto

Baua Electric

Now coming to four-wheeler, we are definitely working on our strategy as to what all products and components we want to get into as we all know that for four-wheeler EV, the volumes are obviously very-very less as of now. So, we are maybe going in a very calculated way as to what all products we get into from a PV, EV perspective.

Auto 52
article thumbnail

India on cusp of FDI flood, Bajaj Finserv Chair says in Davos – ET Auto

Baua Electric

Many of India’s lower to middle classes use small loans to buy gadgets. “For every one Apple that does production in India, it gives tremendous confidence to the next 10, and then next 50,” he said, adding: “If Tesla comes in, in the next year or two, again, this will create additional confidence as well.”

India 52