Industry experts project EV-internal combustion engine (ICE) price parity in the luxury segment by 2028, driven by declining battery costs and regulatory changes. Carmakers Tata Motors, MG Motor India and Mahindra & Mahindra are narrowing the price gap between their electric vehicles and petrol and diesel models amid softening battery prices, but luxury carmakers do… Continue reading EV vs ICE price parity for luxury cars unlikely in near future
Author: Economic Times of India Online News
NGT directs NHAI to pay INR 45 cr fine for violating environmental rules
The NGT observed that a statutory body like the NHAI is not expected to proceed in the execution of its work in flagrant violation of laws, particularly regarding the matter of environment, environmental laws and environmental norms. The National Green Tribunal (NGT) has imposed an environmental compensation of INR 45 crore on the National Highways… Continue reading NGT directs NHAI to pay INR 45 cr fine for violating environmental rules
Biden’s drive for EVs collides with Detroit’s profit machines
U.S. President Joe Biden administration officials, industry representatives and environmental groups have been meeting this month, according to White House records. The Biden administration and automakers are in the final stages of negotiating over ambitious new rules to accelerate the electric-vehicle transition that could cost Detroit’s automakers billions and fuel an election-year clash over climate… Continue reading Biden’s drive for EVs collides with Detroit’s profit machines
Octopus Energy launches UK’s first vehicle-to-grid tariff for EVs
Updated On Feb 15, 2024 at 05:08 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The company said that participating EV owners need to have their cars plugged in for around six hours a day to return power to the grid and drive less than 12,000 miles per year. Britain’s Octopus… Continue reading Octopus Energy launches UK’s first vehicle-to-grid tariff for EVs
Messe Stuttgart India, Invest India tie up for LogiMAT India to boost investment in logistics sector
The collaboration assumes significance in view of industry estimates that the Indian logistics market is projected to grow to USD 563 billion by 2030. New Delhi: Global exhibitor Messe Stuttgart India has collaborated with national investment promotion and facilitation agency Invest India for leading logistics show LogiMAT India to boost investments in the sector. Messe… Continue reading Messe Stuttgart India, Invest India tie up for LogiMAT India to boost investment in logistics sector
Hyundai India expands Ultra-Fast charging stations to 11 locations
Hyundai Motor is planning to install 100 Charging stations by 2027, as per the agreement with govt. of Tamil Nadu in the recently concluded Global Investor Meet held in Jan’24. New Delhi: Hyundai Motor India Ltd., India’s smart mobility solutions provider, has expanded to 11 its Ultra-High Speed Public EV Charging Network across key highways… Continue reading Hyundai India expands Ultra-Fast charging stations to 11 locations
Lithium players to gather in Arkansas as low prices pressure industry
Extracting lithium from brine is a complex chemical process and there have also been practical considerations to address, such as tackling pipe corrosion. Exxon Mobil , Albemarle and others eyeing ways to tap Arkansas‘s vast lithium reserves will gather in Little Rock this week as the industry grapples with sagging prices for the battery metal… Continue reading Lithium players to gather in Arkansas as low prices pressure industry
Up and onwards: With 71.1 lakh passenger journeys, Delhi Metro breaks previous best
DMRC defines passenger journey as the number of metro lines used by a passenger to complete his or her journey. Delhi Metro Rail Corporation (DMRC) on Tuesday recorded its highest passenger journeys at 71.09 lakh, beating the previous record of 71.03 lakh created in Sept last year. Many people opted for Delhi Metro and kept… Continue reading Up and onwards: With 71.1 lakh passenger journeys, Delhi Metro breaks previous best
Farmers’ protest: Traffic flow smooth, but anxiety persists at fortified Delhi borders
Jams Ease, Not Anxiety, At Fortified Borders After two days of jams, traffic flow was largely smooth through Delhi’s main borders with Noida, Ghaziabad, and Gurgaon as restrictions were eased by police and more lanes were opened. Smooth Traffic Flow After Restrictions Eased On Monday and Tuesday, stringent curbs were imposed, even though the protesting… Continue reading Farmers’ protest: Traffic flow smooth, but anxiety persists at fortified Delhi borders
US issues USD 135 million in advance EV tax rebates since Jan 1, Treasury says
Representative image. The U.S. government has reimbursed auto dealers for about USD 135 million in advance point-of-sale consumer electric vehicle tax credit payments since the start of the year through Feb. 6, the Treasury said on Wednesday. Prior to 2024, U.S. auto buyers could only take advantage of the USD 7,500 new electric vehicle credit… Continue reading US issues USD 135 million in advance EV tax rebates since Jan 1, Treasury says