To address the subsidies, the European Union last month raised tariffs on Chinese-built EVs to as much as 45.3% in its highest-profile trade investigation, a move that has divided Europe and triggered retaliation from Beijing. European Union and Chinese officials are discussing alternatives to European tariffs on Chinese electric vehicles (EV), including minimum prices at… Continue reading EU not close to deal with China on EV tariffs, officials say
Author: Economic Times of India Online News
Newsom challenges Trump on electric vehicle tax credits
Under the law, consumers can lower the purchase price of an electric, plug-in hybrid or fuel-cell vehicle by up to USD 7,500 for a new vehicle and up to USD 4,000 for a used one. There are some restrictions, including income ceilings, for those who qualify. California will step in and provide rebates to eligible… Continue reading Newsom challenges Trump on electric vehicle tax credits
Motul India with Zypp Electric launches EV training program
The partnership aims to provide mechanics with the necessary skills to thrive in the changing automotive landscape. Motul India and Zypp Electric have partnered to train over 10,000 mechanics across India in electric two-wheeler repair and maintenance. This initiative addresses the growing need for skilled technicians in the evolving EV sector. The program combines Motul’s… Continue reading Motul India with Zypp Electric launches EV training program
Biden’s USD 7.5 billion investment in EV charging has only produced 8 stations since 2021: Report
States face additional challenges with permitting approvals and power infrastructure, as each charging spot requires electricity equivalent to 20 homes. President Biden‘s commitment to establish 500,000 electric vehicle charging stations in the United States by 2030 seems to be a far-sight promise. Despite Congress allocating USD 7.5 billion for this initiative, only 8 EV charging… Continue reading Biden’s USD 7.5 billion investment in EV charging has only produced 8 stations since 2021: Report
Future-proofing against EV range anxiety: Building confidence in electric mobility
Expanding the EV charging infrastructure is another key element in reducing range anxiety. In the formative years of my career in the automotive industry, while visiting dealerships I would take time to observe customers. For many, the main question asked to the salesperson was about the fuel consumption of the vehicle or simply put “how… Continue reading Future-proofing against EV range anxiety: Building confidence in electric mobility
Logistics, EV & EV infra, agriculture & agrochemicals, e-commerce to lead workforce expansion
Driving the growth are sectors such as logistics, EV & EV infrastructure, agriculture & agrochemicals, and e-commerce, which are investing heavily in infrastructural and technological advancements. The Indian employment market is likely to see a 7.1% workforce growth in H2 FY25 (October 2024-March 2025), up from 6.33% in H1 FY 24 (April-September 2024), according to… Continue reading Logistics, EV & EV infra, agriculture & agrochemicals, e-commerce to lead workforce expansion
Chinese automakers continue to face uncertainties in global market
The EU-China EV tariff dispute is a significant setback to the global electrification of the automotive industry. Despite rapid growth in passenger vehicle export volumes, Chinese original equipment manufacturers (OEMs) continue to face various uncertainties in the global market, according to a new report. For several OEMs, weak channel and product localisation capabilities have led… Continue reading Chinese automakers continue to face uncertainties in global market
Oil holds at 2-week high as Russia, Iran tensions support prices
Investors were also focused on rising crude oil demand at China and India, the world’s top and third-largest importers, respectively. Oil prices hovered near two-week highs on Monday following 6% gains last week, as geopolitical tensions heightened between western powers and major oil producers Russia and Iran, raising risks of supply disruption. Brent crude futures… Continue reading Oil holds at 2-week high as Russia, Iran tensions support prices
Rupee poised for some relief on softer dollar, portfolio flows
Expectations of some inflows, a broadly weaker dollar and the RBI’s stiff defence are supportive of the rupee, but merchant dollar demand could keep gains shallow, a trader at a state-run bank said. The Indian rupee may log mild gains on Monday helped by a pullback in the U.S. dollar and portfolio inflows on account… Continue reading Rupee poised for some relief on softer dollar, portfolio flows
Northvolt CEO steps down after company files for bankruptcy
Peter Carlsson, CEO and Co-Founder, Northvolt Northvolt’s CEO and co-founder Peter Carlsson stepped down on Friday, a day after Europe’s biggest hope for an electric vehicle battery champion filed for U.S. Chapter 11 bankruptcy protection. The Swedish maker of battery cells went in a matter of months this year from being Europe’s best shot in… Continue reading Northvolt CEO steps down after company files for bankruptcy