The proliferation of electric vehicles necessitates a long-term roadmap that addresses the end-of-life management of EV batteries, ensuring minimal environmental impact through sustainable recycling processes. Sustainability has transcended its status as a mere buzzword to become a crucial global imperative. As the world grapples with the urgency of reducing carbon footprints and meeting regulatory guidelines,… Continue reading Driving the future with green routes: A strategic approach to sustainable mobility
Author: Economic Times of India Online News
Yellen warns that ending US clean energy tax credits would raise consumer costs
Janet Yellen warned any attempts to roll back the Biden administration’s clean energy tax credits would raise costs for families. Raleigh, North Carolina: Treasury Secretary Janet Yellen on Thursday warned that any attempts to roll back the Biden administration‘s clean energy tax credits would raise costs for families and jeopardize new investments in U.S. manufacturing… Continue reading Yellen warns that ending US clean energy tax credits would raise consumer costs
Creditor files for liquidation of Evergrande NEV’s unit
A creditor has filed a bankruptcy petition against a unit of China Evergrande New Energy Vehicle Group. A creditor filed a petition for the bankruptcy of a unit of China Evergrande New Energy Vehicle Group, a subsidiary of China Evergrande Group, in a Shanghai court, the third such petition against the embattled car company. Trading… Continue reading Creditor files for liquidation of Evergrande NEV’s unit
Unions pledge to leave ‘no idea unexplored’ in tackling VW crisis
Germany’s biggest union pledged to leave no idea unexplored to counter Volkswagen management’s threat of closing domestic plants. Germany’s biggest union pledged to leave no idea unexplored, including a move to a four-day week, to counter Volkswagen management’s threat of closing domestic plants for the first time in its history and dissolving decades-old job guarantees.… Continue reading Unions pledge to leave ‘no idea unexplored’ in tackling VW crisis
Truck rentals in India surge amid festive season demand; used commercial vehicle market grows
Truck rentals saw significant increases, especially in the India-Bangladesh border region, where fleet utilisation improved from 40% to 60%. Truck rentals in India continued to rise for the second consecutive month in August 2024, driven by the upcoming festive season and increased post-election activities. Fleet utilisation surged in the India-Bangladesh border region due to resumed… Continue reading Truck rentals in India surge amid festive season demand; used commercial vehicle market grows
India’s energy independence roadmap: 87% emission cut in road transport by 2047
Amitabh Kant highlighted India’s strategic direction towards energy independence. New Delhi: India can achieve energy independence in the mobility sector by 2047, according to a new report by global non-profit RMI. Released on September 3, 2024, the report titled “India at 2047: A Vision for Energy Independence in the Mobility Sector” emphasises achieving 100% clean… Continue reading India’s energy independence roadmap: 87% emission cut in road transport by 2047
Automobile sales decline 7% M-o-M to 18.91 lakh units in August: FADA
Vehicle registrations in August increased by 3% year-on-year to 18,91,499 units, as against 18,38,501 units in August last year. Passenger vehicle retail sales in India declined by 5% in August compared to the same month last year, due to delayed customer purchases, poor consumer sentiment, and persistent heavy rains, according to the Federation of Automobile… Continue reading Automobile sales decline 7% M-o-M to 18.91 lakh units in August: FADA
OEMs worried over delay in disbursal under auto PLI scheme, not a single rupee given so far
Updated On Sep 5, 2024 at 12:03 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Only a handful of large OEMs (out of 20 successful applicants initially) have had their products certified to be eligible for incentives. The automobile industry is anxiously waiting for disbursements to begin under the Production Linked… Continue reading OEMs worried over delay in disbursal under auto PLI scheme, not a single rupee given so far
Delhi EV sales plummet after road tax waiver withdrawal, prices jump 10%
Published On Sep 5, 2024 at 08:08 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Removal of the incentive has sparked a sharp rise in EV purchase prices, impacting sales drastically. Electric vehicle sales have come to a near standstill in the national capital with the state government withdrawing a waiver… Continue reading Delhi EV sales plummet after road tax waiver withdrawal, prices jump 10%
BYD’s global expansion push runs into stiff Japan test
BYD is rolling out electric-vehicle charging stations in Japan. BYD is rolling out electric-vehicle charging stations and ramping up marketing and customer incentives in Japan, aiming to boost sales in a market that has become a stumbling block in the Chinese automaker’s global expansion. Warren Buffett-backed BYD has become China’s largest EV maker after years… Continue reading BYD’s global expansion push runs into stiff Japan test