Tag: Electric Vehicle (EV)

Tesla to showcase a ‘robotaxi’ on August 8: Elon Musk

In 2019, the company had indicated operating robotaxis by 2020. However, the plan did not materialise.

April 6, 2024

Electric vehicle sales in South Korea cross 5 lakh: Industry data

The number of EV chargers installed in the country also topped the 300,000 mark, reaching 305,509 units last year.

April 2, 2024

S. Korean govt mulls further cut in EV subsidies

The government has reduced the budget for the promotion of zero-emission vehicles from 2.56 trillion won ($1.89 billion) in 2023 to 2.31 trillion won this year.

March 31, 2024

India awaits Musk’s response as Centre clears road for Tesla’s entry

Presently, customs duty on cars imported as completely built units (CBUs) varies from 60-100 per cent, depending on their cost.

March 16, 2024

‘New EV manufacturing policy aims to attract global players and domestic value addition’

A maximum of 40,000 EVs at the rate of not more than 8,000 per year would be permissible if the investment is $800 million or more.

March 16, 2024

New govt scheme key to incentivise adoption of electric mobility: EV players

The policy fixes a minimum investment of Rs 4,150 crore for foreign companies who want to set up electric vehicle manufacturing facilities in the country.

March 15, 2024

Hyundai Motor’s sales up 6 pc in US due to hybrids, EVs

It sold a total of 60,341 units in the world's largest auto market last month, compared with sales of 57,044 units a year earlier.

March 2, 2024

EV maker Rivian to lay off 10% of staff to cut costs

The company announced the latest job cuts in its 2023 fourth-quarter (Q4) earnings call.

February 22, 2024

Tesla recalls more than 2 mn vehicles in US over warning lights issue

Tesla has started releasing an over-the-air software update free of charge to fix the issue.

February 3, 2024

EV sales growth may be ‘notably lower’ in 2024: Tesla

The electric car company registered a record delivery of 1.8 million EVs in 2023.

January 25, 2024