Electric Vehicle

GM’s strategic shift: Gas vehicles regain ground amid EV slowdown

General Motors is recalibrating its electric vehicle (EV) ambitions, signaling a major shift in strategy by investing approximately $4 billion in U.S. plants to...

Maruti Suzuki’s EV biz faces hurdles amid rare earth crisis and market pressure

Maruti Suzuki, India’s largest automaker, is confronting a range of challenges as it tries to establish a foothold in the electric vehicle (EV) market. The...

VinFast boosts deliveries and revenue amid ongoing expansion

Vietnamese electric vehicle (EV) maker VinFast significantly accelerated its sales performance in the first quarter of 2025, reporting a nearly 300 percent jump in...

EV buying trends in global markets – IEA 2024 insights

Electric vehicle (EV) adoption continued its upward trajectory in 2024, with global sales reaching a record 17 million units. EVs accounted for more than...

Fast-charging leads surge in US EV charging infrastructure growth in 2024

The US electric vehicle (EV) charging sector saw a significant shift in 2024, with DC fast-charging point installations recording a double-digit year-on-year increase and...

EV market surges in Q1-2025, but trade tensions loom over growth

The global New Energy Vehicle (NEV) market continues to demonstrate strong momentum, with sales surpassing 4 million units in Q1 2025 — a 39...

Honda scales back EV plans amid shift in demand

Honda Motor has decided to reduce its electric vehicle (EV) investment and refocus on hybrid models marking a significant strategic shift. Honda Motor has cut...

Global EV chargers double to 5 mn led by China

According to the IEA, the number of public EV chargers globally doubled since 2022, reaching over 5 million in 2024. Despite home charging being the...