Norway has waived hefty vehicle import duties and registration and sales taxes for buyers of electric cars to boost sales. COPENHAGEN: In a symbolic first, electric cars outsold fossil fuel-powered ones in Norway last month. Christina Bu, the Norwegian Electric Vehicle Association‘s general secretary, says sales figures show 58.4 percent of new cars sold in… Continue reading In a first, electric cars outsell traditional ones in Norway
Author: Economic Times of India Online News
BYD unveils nine new cars in Beijing
NEW DELHI: Chinese carmaker, BYD on Friday unveiled of nine new cars at its 2019 spring launch show in Beijing. The event also highlighted the all-new BYD New Architecture (BNA) upgrade alongside several innovative technologies. The nine new petrol-driven, DM (dual-mode) plug-in hybrid and pure electric cars. “From research and development systems to product platforms… Continue reading BYD unveils nine new cars in Beijing
Breaking: JSW Group cancels EV plan
Mumbai: Sajjan Jindal-led JSW Energy has abandoned its plans of entering the electric vehicles space owing to uncertainties in the regulatory environment, the company informed Bombay Stock Exchange on Friday. The company had announced plans of diversifying into electric car manufacturing in August 2017 and also earmarked Rs 3,500-4,000 crore as capital expenditure for the… Continue reading Breaking: JSW Group cancels EV plan
Fiat Chrysler to cut 1,500 jobs at Canada plant
Fiat Chrysler announced in late February the construction of a new auto plant in Detroit, the first for 27 years in “Motor City,” as part of a USD 4.5 billion investment plan to create 6,500 jobs in the United States. Montreal: Fiat Chrysler Automobiles (FCA) has announced it will cut some 1,500 jobs at its… Continue reading Fiat Chrysler to cut 1,500 jobs at Canada plant
Tesla supplier agrees to buy GM’s S.Korean plant for EV manufacturing
A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song SEOUL: A South Korean supplier of Tesla Inc said on Friday it had agreed to buy a shuttered auto factory from General Motors’ local unit to start contract manufacturing of electric vehicles. The deal… Continue reading Tesla supplier agrees to buy GM’s S.Korean plant for EV manufacturing
Waaree Energies introduces customized solar modules for electric vehicles
The Centre expects there will be a major push to the sale of electric vehicles in Delhi as government departments will procure or hire more of them and a few car major car makers are likely to launch their high range electric vehicles in July. “One of the reasons why people think twice before buying… Continue reading Waaree Energies introduces customized solar modules for electric vehicles
China Evergrande says diversification complete, eyes top electric vehicle spot
Minister for IT, Rohan Khaunte, on Saturday said that the ministry planned to formulate dedicated policies for ESDM and electric vehicles which could see the light of day in the coming year. By Clare Jim HONG KONG: China Evergrande Group wants to be a big player in the electric vehicle industry because of its potential… Continue reading China Evergrande says diversification complete, eyes top electric vehicle spot
Ride-hailing service cheaper than owning a car: Survey
The survey also revealed that two out of three ride-sharing/ride-hailing users avail the service at least once a week, confirming a high potential market for ride-hailing services to grow in the country. NEW DELHI: Two out of three frequent users of shared mobility services consider ride-hailing more economical than owning a car, according to Shared… Continue reading Ride-hailing service cheaper than owning a car: Survey
EU should build autos in US to avoid tariffs: Trump
“The problem is that the Chevrolet will never be accepted in Europe like the Mercedes is accepted here, so it’s not a good deal,” he said. Washington: President Donald Trump said Friday he was using the threat of tariffs to pressure European manufacturers to build more autos in the United States. In a televised interview… Continue reading EU should build autos in US to avoid tariffs: Trump
VW’s Skoda Auto: cannot repeat 2018 pay hikes in new round of bargaining
The average production wage grew 14 percent in 2018 and it is up by 25 percent in the last two years, Skoda said. Czech Republic: Volkswagen‘s Czech unit Skoda Auto does not expect to repeat the strong wage growth agreed in 2018 again in the latest round of collective bargaining, a board member said on… Continue reading VW’s Skoda Auto: cannot repeat 2018 pay hikes in new round of bargaining