Electric Vehicle
Ford EV business posts 35% drop in revenue to $3.9 bn in 2024
Automotive major Ford has reported 35 percent drop in revenue at its electric vehicle (EV) business to $3.9 billion in 2024.
Ford Model e Segment, Ford’s EV business, has shipped...
Electric Vehicle
Toyota Motor reveals EV and battery production in China
Toyota Motor plans to establish a wholly owned company in Shanghai dedicated to developing and producing electric vehicles (EVs) and batteries for its luxury...
Electric Vehicle
Ferrari to roll out first fully electric vehicle (EV) in October
Ferrari is set to make history with the launch of its first fully electric vehicle (EV) in October, marking a significant shift from its...
Electric Vehicle
Tesla steps up cost efficiency, technological innovation, product expansion
Tesla CEO Elon Musk has revealed the electric vehicle maker’s multi-faceted strategy centered around cost efficiency, technological innovation, and product expansion.
Tesla’s production has reached...
Electric Vehicle
General Motors CEO reveals progress in EV strategy
General Motors has made significant progress in its EV strategy while increasing full-year revenue by 9 percent to $187 billion, with a 6 percent...
Electric Vehicle
Electric vehicles market to exceed 20 mn in 2025: Rho Motion
Global sales of electric and plug-in hybrid vehicles are projected to exceed 20 million in 2025, achieving at least 17 percent growth, aided by...
Electric Vehicle
LG Energy Solution cuts Capex as it expects poor EV demand
LG Energy Solution, which makes EV battery for Tesla, General Motors and Hyundai Motor, has revealed its financial performance for 2024 and guidance for...
Electric Vehicle
TVS Motor launches electric three-wheeler TVS King EV MAX
TVS Motor Company has launched India’s first Bluetooth-connected electric three-wheeler, the TVS King EV MAX, featuring TVS SmartXonnect technology.
Designed for sustainable urban mobility, it...
Electric Vehicle
Donald Trump revokes executive order targeting 50% EV target
US President Donald Trump revoked a 2021 executive order by Joe Biden targeting 50 percent of new vehicle sales to be electric by 2030....
Electric Vehicle
Hyundai, Maruti Suzuki, and Tata Motors reveal EV plans at India Auto Show
Hyundai, Maruti Suzuki, and Tata Motors have unveiled plans aimed at addressing barriers to electric vehicle adoption, particularly the need for a robust charging...
Electric Vehicle
Main facts about global EV market in 2025: Gartner report
The recent Gartner report has highlighted that EV shipments, including buses, cars, vans, and heavy trucks, are projected to grow by 17 percent in...