Electric Vehicle
China extends EV purchase tax exemption worth 100 bn yuan
China will extend its exemption of electric vehicles’ from purchase taxes to the end of 2023, creating tax cuts worth a total of 100...
Electric Vehicle
Australia to target vehicle emissions to boost EV supply
Australia’s government plans to introduce new regulations targeting vehicle carbon emissions to boost the uptake of electric cars.
Just 2 percent of cars sold in...
Electric Vehicle
Ultium Cells plans $2 bn EV battery manufacturing plant in Indiana
Ultium Cells, the joint venture between General Motors (GM) and LG Energy Solution, is considering a site in Indiana for a fourth U.S. battery...
Electric Vehicle
Tata Motors wins EV deal to supply 921 electric buses to BMTC
Tata Motors has won an EV contract to supply 921 electric buses to the Bengaluru Metropolitan Transport Corporation (BMTC).
Tata Motors will supply, operate and...
Electric Vehicle
Tamil Nadu plans tender for setting up EV charging units
The Tamil Nadu Generation and distribution company (Tangedco) is set to float a tender for setting up electric vehicle (EV) charging units in the...
Electric Vehicle
70% of 72 models will not qualify for EV tax credits
The Inflation Reduction Act ends credits for about 70 percent of the 72 models that were previously eligible, said the Alliance for Automotive Innovation,...
Electric Vehicle
EV maker Faraday Future to raise up to $600 mn in funding
Faraday Future Intelligent Electric, the electric-vehicle startup, said it will raise up to $600 million in funding.
Faraday aims to deliver its FF 91 luxury...
Electric Vehicle
Ola Electric to start manufacturing electric cars in 2024
Ola Electric, backed by Japan’s Softbank Group as a major investor, said its plans to start manufacturing electric cars in India in 2024.
Ola, India’s...