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NEWS EVS 2023
Elon Musk scorned "shady" loopholes, yet offshore tax tricks likely saved Tesla hundreds of millionsTesla has reportedly saved over 400 million dollars on US taxes. This was achieved through a financial maneuver involving its units in the ...- Debunking Myths: The game changing benefits of EVsEVs are increasingly recognized as a pivotal solution to the pressing environmental challenges faced both in India and globally. However, p...
- Foxconn plans EV event in Japan to woo manufacturers, sources sayChief EV strategy officer Jun Seki, a former Nissan executive hired by Foxconn in 2023, is expected to speak, added the source. Both source...
- M&M, Tata Motors bag big PLI incentives; earn brownie points for their work in advanced auto techThe PLI scheme for the auto and auto components industry runs from 2023-24 to 2027-28, with payments scheduled between 2024-25 and 2028-29....
- EV funding slows down; cloud kitchens chart a comebackFunding for India’s EV sector has nearly halved between 2022 and 2024. This and more in today’s ETtech Top 5.
- Can India overcome its air quality crisis with electric vehicles?Delhi experienced its worst air quality in eight years in 2023. Despite advancements like CNG vehicles and BS6 norms, air pollution remains...
- Musk, Ambani on a drive? Tesla likely seeks JV with Reliance for Indian EV manufacturingReliance-Tesla: Tesla is making strides towards entering the Indian automobile market, with talks of a potential joint venture with Mukesh ...
- Tesla gets a $94 billion reality check as EV winter sets inThe hit to Tesla’s market capitalization to start the year is the biggest the company has seen over a similar period since it went public i...
- Auto OEMs vs ancillaries: BNP Paribas analyst Kumar Rakesh explains how to play the EV themeKumar Rakesh says: " While the market share of individual companies may have changed materially, pace of increase in the total share of the...
- Honda plans to build a $14 billion EV plant in this countryJapan's second-biggest car maker has been slow to step up sales of electric vehicles. Battery powered vehicles accounted for less than 0.5%...
- BYD overtakes Tesla as world's top EV makerThe US-based car manufacturer run by billionaire Elon Musk delivered 484,507 vehicles in the fourth quarter of 2023, said a company filing ...
- EVs launched in India in September 2023. Full listLast month, several electric vehicles were launched in India, including cars and two-wheelers. Tata Motors launched the 2023 Nexon EV facel...
- MG Motor mulls options for setting up a second India plantMG Motor began operations in India in 2019. At present, the company has five models being sold here and their sales number around 5,000 uni...
- Hyundai launches N brand's first EV model Ioniq 5 NHyundai Motor has launched its first all-electric model under the N brand, the Ioniq 5 N, in the domestic market. The vehicle features an 8...
- Sales of electric two-wheelers more than doubled in MayThe Centre has raised the funding support for electric buses and two-wheelers but slashed the subsidy for three-wheelers, as part of a reji...
- Indians willing to pay a premium for owning pricier EVs: SurveyIndia has traditionally been known as a price-sensitive small car market. But the latest trend shows that Indian consumers are upgrading ye...
- EV industry seeks extension of subsidies under FAME-II in BudgetThe Society of Manufacturers of Electric Vehicles (SMEV) has sought an extension of subsidies for EVs under the FAME-II scheme, reports sai...
- Electric vehicles confront the leap to the mass marketThe automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by ...
- Hyundai Motor considers speeding up construction of US EV plant: ReportHyundai Motor had said in May that it would break ground on its new facility in Georgia in early 2023 to achieve commercial production in t...
- GM to launch 10 EVs in South Korea by 2025General Motors said it will launch 10 electric vehicles in South Korea by 2025 as part of its strategy to gradually shift away from interna...
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