House Republican leaders see Biden’s EV efforts as heavy handed. By David Shepardson Republicans’ takeover of the U.S. House of Representatives could slow President Joe Biden’s plans for adoption in the country of electric vehicles. The administration’s 2030 goal for half of all new vehicles sold being electric or plug-in hybrids is a big target… Continue reading Republican takeover of U.S. House could pump the brakes on Biden’s EV agenda
Author: Economic Times of India Online News
Electric car owners will have to pay taxes from 2025, announces Jeremy Hunt
The AA group says the change could lead to a potential reduction in sales of electric cars. UK Chancellor Jeremy Hunt, in his Autumn Statement, has announced that electric car owners will have to pay taxes from 2025. Vehicle Excise Duty is a type of tax charged on all vehicles driven on UK roads. Until… Continue reading Electric car owners will have to pay taxes from 2025, announces Jeremy Hunt
U.S. Republicans aim to shorten EV mine permitting after House win
Republican leaders had promised voters during the election they would cut the mining permit review timeline in half and boost domestic EV mining, rather than seek more supply overseas. By Ernest Scheyder Republicans will seek to boost American production of lithium, copper and other electric-vehicle metals after the U.S. midterm elections gave them narrow control… Continue reading U.S. Republicans aim to shorten EV mine permitting after House win
CAIT seeks Gadkari’s intervention on Delhi’s poor road infra, requests audit
Delhi, being the capital of the country, deserves to have the best and comfortable roads coupled with less time duration from one place to another. New Delhi : Seeking the intervention of Union road transport and highways minister Nitin Gadkari on the poor condition of the roads and the traffic situation in Delhi, the Confederation… Continue reading CAIT seeks Gadkari’s intervention on Delhi’s poor road infra, requests audit
Achieving $5tn economy target possible only by 2030
The banks’ officials are learnt to have told the Parliamentary panel that around 10 per cent GDP growth is needed to achieve the $5 trillion dollar economy target before 2030. New Delhi: Owing to volatile geopolitical situations arising due to the Ukraine crisis, rising inflation and after-effects of the coronavirus pandemic, achieving the target of… Continue reading Achieving $5tn economy target possible only by 2030
China’s EV startup Voyah raises funds at $4.21 bln valuation
The premium EV maker launched its first model ‘Voyah Free’ in December 2020. China’s electric vehicle (EV) startup Voyah said on Friday it had raised nearly 5 billion yuan ($701.50 million) in the latest A-series fundraising round, which valued the firm at nearly 30 billion yuan. Ten investors, including Mixed Reform Fund, the investment units… Continue reading China’s EV startup Voyah raises funds at $4.21 bln valuation
Haryana notifies Electric Vehicle Policy 2022
In addition to strengthening the infrastructure, provisions have been made in the policy to reduce the upfront cost of electric-vehicles. The Haryana government has notified the Electric Vehicle Policy, under which 12 schemes have been made live. Additional chief secretary of industries and commerce department Anand Mohan Sharan said that the aim of the Electric-Vehicle… Continue reading Haryana notifies Electric Vehicle Policy 2022
US retail sales bounce in October on auto and gas
This was driven by a 1.5 percent uptick in autos, as well as a 4.1 percent jump in sales at gasoline stations as fuel prices edged up. US retail sales jumped more than expected in October, bumped up by higher gas prices and auto sales while pointing to resilience in spending in the face of… Continue reading US retail sales bounce in October on auto and gas
Fed official suggests substantial rate hikes may be needed
The Federal Reserve may have to raise its benchmark interest rate much higher than it has previously projected to get inflation under control, James Bullard, president of the Federal Reserve Bank of St. Louis, said Thursday. Bullard’s comments raised the prospect that the Fed’s rate hikes will make borrowing by consumers and businesses even costlier… Continue reading Fed official suggests substantial rate hikes may be needed
Big Boy Toyz opens studio in Ahmedabad
Over the years we have witnessed growing demand from buyers across the country, especially the tier II cities. New Delhi: BIG BOY TOYZ (BBT), a leading pre-owned luxury car dealer, will open its new studio in Ahmedabad, Gujarat, on November 20, 2022. It will be a one-stop destination for all the luxury sports car lovers… Continue reading Big Boy Toyz opens studio in Ahmedabad