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Electric Car Cost, Infrastructure Concerns For Indian Consumers: Deloitte
Infrastructural challenges, charging time and other factors remain a key concerns of Electric Vehicle (EV) buyers in India, as more than one-third of customers say the high cost of the vehicles and the cost of replacing the battery are major issues.
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Sony Honda Mobility Unveils Afeela 1 EV With ADAS and 480-Kilometre Claimed Range at CES 2025
Sony Honda Mobility Afeela 1 was unveiled at the Consumer Electronics Show (CES) 2025 in Las Vegas on Monday. It is the first electric vehicle (EV) as part of the joint venture between two Japanese conglomerates — Sony Group Corporation and the Honda Motor Company, which was formulated in 2022. The Afeela 1 is claimed to deliver a hassle-free and...
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Honda to Double EV Range by 2029 With Solid-State Batteries
Honda plans to revolutionise electric vehicles by introducing solid-state batteries capable of doubling range by late 2020s. Announced by Keiji Otsu, President of Honda R&D, the pilot facility in Tochigi will begin production in 2025, supported by a £277 million investment. The project aims to reduce battery size, weight, and cost while enhancing ...
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"Hardcore" About Cost Cut, Elon Musk's Tesla To Cut Hundreds More Jobs: Report
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.
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Automaker Stellantis Cuts 400 Jobs With "Mandatory Remote Work Day" Policy
Stellantis, the parent company of Chrysler, announced its decision to lay off about 400 employees on Friday. They said the move aims to smoothen operations, cut costs, and accelerate plans for electric vehicle production.
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Tata Motors Announces First EV Price Cuts in India; Electric Car Prices Lowered By Up to 8 Percent
Tata Motors has announced a price cut of up to 120,000 rupees (~$1,450). The price cuts of up to 8 percent are the first such by an electric carmaker in the country. Currently electric vehicles form just 2 percent of car sales in India, as buyers are wary about the higher upfront costs despite lower running costs and as range anxiety persists.
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'Mr Bean' Actor Rowan Atkinson Blamed For Poor EV Sales In UK
Other deterrents to EVs mentioned in Tuesday's report presented before the UK's Parliament were higher purchase costs, insufficient charging infrastructure and mixed messaging.
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Elon Musk Loses $9 Billion In Net Worth Amidst Tesla Stock Slump
Tesla's stock experienced a significant stumble, resulting in a notable decrease in the wealth of billionaire CEO, Elon Musk.
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Government Approves Rs. 57,613-Crore Scheme to Deploy 10,000 Electric Buses Across 169 Indian Cities
Seeking to enhance green mobility, the Union Cabinet on Wednesday approved the 'PM-eBus Sewa' scheme under which 10,000 electric buses will be provided to 169 cities under the public-private partnership (PPP) model. The scheme would have an estimated cost of Rs. 57,613 crore out of which Rs. 20,000 crore will be provided by the central government a...
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MG Comet EV ‘Gamer Edition’ With Gaming-Inspired Design and Interiors Launched in India
MG Comet, the compact electric vehicle launched in April 2023 in India, is now available in a special ‘Gamer Edition’ trim, which is priced at Rs. 64,999 over the base cost of the car. The special edition will be available on all three variants of the vehicle.
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Toyota Unveils Plans for New Solid-State Battery Tech, Other Innovations to Boost Range, Cut Costs of Its EVs
Toyota Motor said it will introduce high-performance, solid-state batteries and other technologies to improve the range and performance and to cut costs of its electric vehicles.
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Subsidy Reduction of Electric Two-Wheelers May Lead to Decline in EV Adoption, Manufacturers Say
Society of Manufacturers of Electric Vehicles on Tuesday said the sudden reduction of subsidy of electric two-wheelers may lead to a major decline in EV adoption, impacting the entire industry for a considerable period of time.
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Tesla Said to Be Working With Chinese, Korean Partners to Address Tesla 4680 Battery Concerns: All Details
Tesla is said to have recruited Chinese and Korean materials suppliers to help lower the cost and boost the energy of its 4680 battery cells. The electric vehicle maker is struggling with battery-related performance and production issues, delaying the launch of its futuristic Cybertruck.
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Tesla Vows to Cut Production Costs by Half as Elon Musk Keeps Plans for Affordable EV Under Wraps
Tesla told its investors on Wednesday that the company will cut its electric vehicle production costs by half for future generations of cars. Tesla CEO Elon Musk, however, did not reveal plans for a much-awaited affordable EV. Musk had been expected to lay out a plan to make a more-affordable Tesla EV that would broaden his brand's appeal and fend ...
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Budget 2023: Fully Imported Cars, Including EVs, to Cost More After 10 Percent Customs Duty Hike
Fully imported cars, including electric vehicles will cost more with Finance Minister Nirmala Sitharaman announcing hike in customs duty in the Union Budget 2023-24. The Finance Minister also noted that replacing old polluting vehicles is an important part of "greening the country's economy".
-
Electric Car Cost, Infrastructure Concerns For Indian Consumers: Deloitte
Infrastructural challenges, charging time and other factors remain a key concerns of Electric Vehicle (EV) buyers in India, as more than one-third of customers say the high cost of the vehicles and the cost of replacing the battery are major issues.
-
Sony Honda Mobility Unveils Afeela 1 EV With ADAS and 480-Kilometre Claimed Range at CES 2025
Sony Honda Mobility Afeela 1 was unveiled at the Consumer Electronics Show (CES) 2025 in Las Vegas on Monday. It is the first electric vehicle (EV) as part of the joint venture between two Japanese conglomerates — Sony Group Corporation and the Honda Motor Company, which was formulated in 2022. The Afeela 1 is claimed to deliver a hassle-free and...
-
Honda to Double EV Range by 2029 With Solid-State Batteries
Honda plans to revolutionise electric vehicles by introducing solid-state batteries capable of doubling range by late 2020s. Announced by Keiji Otsu, President of Honda R&D, the pilot facility in Tochigi will begin production in 2025, supported by a £277 million investment. The project aims to reduce battery size, weight, and cost while enhancing ...
-
"Hardcore" About Cost Cut, Elon Musk's Tesla To Cut Hundreds More Jobs: Report
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.
-
Automaker Stellantis Cuts 400 Jobs With "Mandatory Remote Work Day" Policy
Stellantis, the parent company of Chrysler, announced its decision to lay off about 400 employees on Friday. They said the move aims to smoothen operations, cut costs, and accelerate plans for electric vehicle production.
-
Tata Motors Announces First EV Price Cuts in India; Electric Car Prices Lowered By Up to 8 Percent
Tata Motors has announced a price cut of up to 120,000 rupees (~$1,450). The price cuts of up to 8 percent are the first such by an electric carmaker in the country. Currently electric vehicles form just 2 percent of car sales in India, as buyers are wary about the higher upfront costs despite lower running costs and as range anxiety persists.
-
'Mr Bean' Actor Rowan Atkinson Blamed For Poor EV Sales In UK
Other deterrents to EVs mentioned in Tuesday's report presented before the UK's Parliament were higher purchase costs, insufficient charging infrastructure and mixed messaging.
-
Elon Musk Loses $9 Billion In Net Worth Amidst Tesla Stock Slump
Tesla's stock experienced a significant stumble, resulting in a notable decrease in the wealth of billionaire CEO, Elon Musk.
-
Government Approves Rs. 57,613-Crore Scheme to Deploy 10,000 Electric Buses Across 169 Indian Cities
Seeking to enhance green mobility, the Union Cabinet on Wednesday approved the 'PM-eBus Sewa' scheme under which 10,000 electric buses will be provided to 169 cities under the public-private partnership (PPP) model. The scheme would have an estimated cost of Rs. 57,613 crore out of which Rs. 20,000 crore will be provided by the central government a...
-
MG Comet EV ‘Gamer Edition’ With Gaming-Inspired Design and Interiors Launched in India
MG Comet, the compact electric vehicle launched in April 2023 in India, is now available in a special ‘Gamer Edition’ trim, which is priced at Rs. 64,999 over the base cost of the car. The special edition will be available on all three variants of the vehicle.
-
Toyota Unveils Plans for New Solid-State Battery Tech, Other Innovations to Boost Range, Cut Costs of Its EVs
Toyota Motor said it will introduce high-performance, solid-state batteries and other technologies to improve the range and performance and to cut costs of its electric vehicles.
-
Subsidy Reduction of Electric Two-Wheelers May Lead to Decline in EV Adoption, Manufacturers Say
Society of Manufacturers of Electric Vehicles on Tuesday said the sudden reduction of subsidy of electric two-wheelers may lead to a major decline in EV adoption, impacting the entire industry for a considerable period of time.
-
Tesla Said to Be Working With Chinese, Korean Partners to Address Tesla 4680 Battery Concerns: All Details
Tesla is said to have recruited Chinese and Korean materials suppliers to help lower the cost and boost the energy of its 4680 battery cells. The electric vehicle maker is struggling with battery-related performance and production issues, delaying the launch of its futuristic Cybertruck.
-
Tesla Vows to Cut Production Costs by Half as Elon Musk Keeps Plans for Affordable EV Under Wraps
Tesla told its investors on Wednesday that the company will cut its electric vehicle production costs by half for future generations of cars. Tesla CEO Elon Musk, however, did not reveal plans for a much-awaited affordable EV. Musk had been expected to lay out a plan to make a more-affordable Tesla EV that would broaden his brand's appeal and fend ...
-
Budget 2023: Fully Imported Cars, Including EVs, to Cost More After 10 Percent Customs Duty Hike
Fully imported cars, including electric vehicles will cost more with Finance Minister Nirmala Sitharaman announcing hike in customs duty in the Union Budget 2023-24. The Finance Minister also noted that replacing old polluting vehicles is an important part of "greening the country's economy".
