Remove tag Subsidies
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Porsche Casts Doubt Upon Combustion Ban Timeline

The Truth About Cars

Electric vehicle subsidies went from temporary to indefinite and combustion bans have gone from right around the corner to anyone’s guess. & As things currently stand, the European Union has plotted banning the sale of new combustion-engine cars by 2030. .& I think it could be delayed."

Porsche 115
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NIO gains advantage after Chinese Government favors battery swapping for EVs

Teslarati

In April 2020, China’s Ministry of Finance announced that EV subsidies would be extended until the end of 2022 for new energy passenger vehicles priced below $45,700. For instance, Tesla China’s MIC Model 3 qualifies for the subsidy since it costs $39,000. NIO recently announced its foray into Europe, starting with Norway.

Chinese 137
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Tesla slashes prices across Europe on Model Y

Baua Electric

The automaker joined Volkswagen and BYD in reducing prices after the government ended EV incentives, according to Automotive News Europe. In Norway, VW has made more critical cuts to the ID3’s price tag, to stay competitive in a market that has achieved 82% percent of sales being EVs – 20% of those sales being a Tesla in 2023.

Europe 97
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Tesla Model Y now undercuts rivals from Xpeng and NIO in China

Teslarati

Following the price adjustments, the Model 3 and Model Y now start at CNY265,900 (US$36,476) and CNY288,900 (US$39,645) after subsidies, making them extremely compelling for consumers. . Don’t hesitate to contact us with news tips. Just send a message to simon @teslarati.com to give us a heads up.

China 98
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Hyundai to launch a new electric mini-SUV at €20K

Baua Electric

In France, where the Casper has been announced by France’s head of Hyundai Lionel French Keogh, the car may additionally benefit from EV subsidies, further pushing that price tag down to well below €18,000, reports Auto Moto. The post Hyundai to launch a new electric mini-SUV at €20K appeared first on Bauaelectric Auto News.

Hyundai 52
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Ola Electric raises over $200 million in funding 

Electric Vehicles India

In August the Ola Electric has launched its much-awaited electric scooters Ola S1 and Ola S1 Pro with a price tag of Rs 99,999 and Rs 1.29 This price is ex-showroom including FAME II subsidy and excludes state subsidies. The company has offered its first electric scooter range comprising the S1 and S1 Pro models to customers.

India 59
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Tesla Model 3 SR Plus sold out in UK for Q2 despite zero EV purchase incentives

Teslarati

The UK government also lowered the price cap for cars eligible for the subsidy from £50,000 ($69,749.55) to £35,000 ($48,824.68). With a price tag of £40,990 ($57,180.68), the Model 3 SR+ is not eligible for the UK’s plug-in grant. Estonia has the highest EV purchase grant in Europe with £15,500 ($21,622.36).

Purchase 145