During the year, the average sales price of a vehicle fell just under 1%. New vehicle sales in the U.S. rose 2.7% last year as prices and interest rates eased a bit, making SUVs, cars and trucks a little more affordable. Industry analysts say discounts such as rebates and low-interest financing should get even better… Continue reading US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little
Author: Economic Times of India Online News
Nagpur RTOs register over 1.5 lakh vehicles in 9 months
The rise in vehicle registrations is a positive sign of economic activity but also poses challenges for city infrastructure. Vehicle registrations in Nagpur saw a steady rise in the first nine months of the financial year 2024-25, with an average of 554 new vehicles being added to the city and district roads each day. Nagpur’s… Continue reading Nagpur RTOs register over 1.5 lakh vehicles in 9 months
Revenue from vehicle registration up by 33% in Tamil Nadu
At the national level, Tamil Nadu ranks third in total vehicle registrations, behind Uttar Pradesh and Maharashtra. Tamil Nadu recorded a 10,076.64 crore in revenue from vehicle registrations and renewals in 2023-24, reflecting a 33.29% increase from 7,560 crore in 2023. The state registered 19.5 lakh new vehicles in 2024, up from 18.26 lakh in… Continue reading Revenue from vehicle registration up by 33% in Tamil Nadu
Mufin Green secures USD 18 million loan from DFC for EV financing
Mufin Green, India’s largest financier in the electric vehicle (EV) ecosystem, has secured a USD 18 million loan from the United States International Development Finance Corporation (DFC). The 10-year loan will support Mufin Green’s financing activities across electric vehicles, chargers, and batteries, further advancing its role in India’s transition to sustainable mobility. The company, which… Continue reading Mufin Green secures USD 18 million loan from DFC for EV financing
EV battery swapping, charging infra should be at every petrol pump, CNG station: Piyush Goyal
Piyush Goyal New Delhi: There is a need for battery swapping facilities to coexist with charging infrastructure to accelerate the adoption of electric vehicles (EVs) in India, Union Minister of Commerce and Industry, Piyush Goyal, said on Friday. Speaking at the consultation meeting on the ‘Development of Battery Charging and Swapping Infrastructure,” co-organised by the… Continue reading EV battery swapping, charging infra should be at every petrol pump, CNG station: Piyush Goyal
EV cos agree to end sops after current benefits end: Piyush Goyal
He suggested the EV industry to develop a common app or tool through which people will know the nearest charging stations and other information required for growth of the sector. Electric vehicle (EV) companies have unanimously agreed that they would no longer need subsidies once the existing subsidy regime ends, commerce and industry minister Piyush… Continue reading EV cos agree to end sops after current benefits end: Piyush Goyal
EV players discuss development of battery charging, swapping infra with Piyush Goyal
Besides, an advisor representing electric car maker Tesla and representatives of luxury car makers Mercedes-Benz, BMW, Audi, had also attended the meet. Stakeholders from the electric vehicle (EV) sector held deliberations with Commerce and Industry Minister Piyush Goyal on various issues, including development of battery charging and swapping infrastructure, an official said on Friday. Officials… Continue reading EV players discuss development of battery charging, swapping infra with Piyush Goyal
Greaves Electric joins Ather, Ola on green OEMs’ IPO bandwagon despite market share gap
Greaves Electric has seen its grip of the e2w market loosen over the last two years, as have many other erstwhile leaders. New Delhi: With Greaves Electric Mobility filing a draft red herring prospectus (DRHP) for its INR 1000 crore maiden public issue, the spotlight is back on Indian electric vehicle (EV) OEMs looking for… Continue reading Greaves Electric joins Ather, Ola on green OEMs’ IPO bandwagon despite market share gap
Car rental app Turo grew quietly before ties to Wednesday’s Cybertruck incident
The app functions similarly to Airbnb, where “hosts” can put their cars on the Turo marketplace to be rented by users. For nearly 15 years, Turo, the car rental app investigators say was used in the deadly attack in New Orleans and the vehicle explosion at the Trump International Hotel in Las Vegas, quietly grew… Continue reading Car rental app Turo grew quietly before ties to Wednesday’s Cybertruck incident
Ethiopia to promote EV use in more cities
As part of its push for green transition, the government has announced a ban on imports of vehicles powered by gasoline or diesel. Ethiopia will try to make more Electric Vehicles (EVs) available in cities across the country, the government said on Thursday. A range of initiatives will be launched to replace around 1.5 million… Continue reading Ethiopia to promote EV use in more cities