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Price shock! MG declares war on BYD and GWM Ora with permanent MG4 and ZS EV discounts up to $10,000

EV Central

The Australian electric car price battle has been supercharged by dramatic permanent MG discounts for the MG4 compact hatch and MG ZS EV compact SUV. MG has effectively excised on-road costs, declaring all models in both ranges national drive-away at their current prices or lower. But MG has since clarified that.

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Rise of Indian used car market; set to exceed 10 mn units by FY28 – ET Auto

Baua Electric

Predictably, the petrol segment continues to dominate the market The used car industry is generally three to five years behind the trends in the new car market. During the past few years, the prices of used cars have gone up on an average by almost 8 to 10% every year. So that is driving the selling price in the market.

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Used EVs – Over The Hill, Or An Absolute Steal?

My Energi

And that’s not all, while the purchase price of EVs has continued to tumble, comparable finance rates are still far higher than their internal combustion engine (ICE) counterparts. So, with supply slim and prices high, is going electric necessarily the right choice for every motorist? Renault ZOE Z.E.40 Rising electricity bills.

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EV Grants slashed overnight

EV Info

On March 18th with no warning or discussion the EV grants used to help finance an EV or Plug in were removed, Plug-in car grant drops from £3k to £2.5k. Electric cars are already expensive and adding more to the price is a dead certain to slow down the ramp. What are they thinking? Eligibility upper limit reduced from £50k to £35k .

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Why communication is key to accelerating electrification

My Energi

As a result, 60% of those aged over 55 were not interested in buying an EV full stop, while many other demographics would only consider purchasing if prices dropped considerably – a concerning picture indeed for the UK’s transition to electrification. But why is this relevant? and £248.28, respectively, per calendar month. [4]

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Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years

Electric Vehicles India

The Government of Nepal, Finance Minister Yuba Raj Khatiwada announced the budget for the fiscal year 2021-22 which allocated a total of 1.64 Nepal aims to phase out petrol-diesel vehicles with electric vehicles by 2031. . Here are some of the highlights of the budget presented by Nepal Finance Minister Yuba Raj Khatiwada.

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New EV incentive scheme will increase e-2W costs by 10% vis-a-vis FAME 2: ICRA | Autocar Professional

Baua Electric

Moreover, this would make the initial purchase cost of an e-2W over 70% more expensive, AS compared to a petrol scooter, claims rating agency ICRA. In addition, softening in battery cell prices (which account for almost 40% of vehicle costs) will also help them offset the impact of lower subsidies to some extent.”