Page 7 - Ev Makers News Today

Tesla: China’s best-selling car brand reported EV and hybrid sales of 340,178 in December — including 190,754 all-electric cars — aided by aggressive end-of-year discounting, according to an exchange filing on Monday.

Lawmakers warn of a “coming wave” of Chinese vehicles that “will be exported from our other trading partners, such as Mexico.”

UK Car Output: "UK car production is firmly back on track following the tough COVID years and resulting supply chain challenges," Mike Hawes, CEO of the Society of Motor Manufacturers and Traders, said. Export volumes increased by 15.2%, mainly driven by demand from the European Union, China and Turkey, the data showed.

If youre considering purchasing an electric vehicle, especially a two-wheeler, time is of the essence to secure a great deal. Numerous electric vehicle manufacturers have introduced special offers on electric two-wheelers exclusively for this month. Additionally, there are uncertainties surrounding the continuation of the FAME subsidy in the near future.

Tata Motors: India is working on a new policy to cut import taxes on EVs to as low as 15% for companies committing to some local manufacturing. The policy could allow Tesla to set up its India factory to make its proposed $24,000 car, while importing its more expensive models with lower tax.

In other countries, some degree of standardisation has taken place, both through regulatory compliance and consensus building amongst EV makers.

A recent Reuters report highlights the significant impact of electric vehicles (EVs) in accelerating the transition away from fossil fuels

Ev Sales: It will be the first time more than 1 million EVs are sold in the U.S. in one calendar year, probably reaching between 1.3 million and 1.4 million cars, the research firm predicts. Although the numbers show significant progress for electrification, the nation is lagging behind countries like China, Germany and Norway.

Green Enrgy: Power and New & Renewable Energy Minister R.K. Singh said this week that India needs to develop but will do so "responsibly", which is reflected in the country being nine years ahead in achieving the nationally determined contributions (NDC) target set under the Paris Agreement on Climate Change of having 40 per cent of installed power capacity from non-fossil fuel sources by 2030.

Electric Vehicles: Senior government officials in the know told ET that Tesla has sought provisional tariff concessions as a prerequisite for setting up a manufacturing facility in India, but New Delhi is not in favour of any company-specific exemptions.