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But prices of evs, they are staying high and that, according to the experts, is behind the worrying slow down. and now manufacturers are not so optimistic about the year ahead, with tesla announcing weaker sales than expected and its chinese competitor byd seeing sales slump in february. but that said, while ev sales are slowing, it is still a growing market. global ev sales grew by 21% compared to this time last year. the world s largest electric vehicle market, it s china. it saw nearly 15% growth in the first three months of the year, with sales over a million cars, but it is still the slowest growth in a year. europe, the second largest market, has been at the centre of the ev revolution, but it s only seen 7% growth so far this year. that s down more than a half compared to last year. in the us and canada, the us being the third largest market, sales grew 13%. ....
Slow down. and now manufacturers are not so optimistic about the year ahead, with tesla announcing weaker sales than expected and its chinese competitor byd seeing sales slump in february. but that said, while ev sales are slowing, it is still a growing market. global ev sales grew by 21% compared to this time last year. the world s largest electric vehicle market, it s china. it saw nearly 15% growth in the first three months of the year, with sales over a million cars, but it is still the slowest growth in a year. europe, the second largest market, has been at the centre of the ev revolution, but it s only seen 7% growth so far this year. that s down more than a half compared to last year. in the us and canada, the us being the third largest market, sales grew 13%. ....
Tata Passenger Electric Mobility and Hindustan Petroleum Corporation ink a deal to enhance public EV charging stations across India, leveraging Tata's EV insights and HPCL's extensive fuel station network. ....
India s urban landscape is rapidly evolving, especially in its bustling cities. A decade ago, the iconic auto-rickshaws were predominantly diesel-powered, with electric versions being a rare novelty. Fast forward to today, and Delhi leads the charge in transitioning to battery-powered three-wheelers, capturing 54% of the market. This shift is driven by the cost-effectiveness and efficiency of electric models, prompting even Uber s CEO to explore the trend. The financial allure of electric vehicles extends beyond three-wheelers, with manufacturers now eyeing the two-wheeler market. This shift, if replicated, could significantly impact India s oil demand, especially in the face of rising fuel prices. ....
Electric Vehicles: With the state struggling with urban air pollution and striving for economic development, fast-track mobility of EVs is both a necessity and an opportunity. The EV revolution in Bihar is not only important for the environment but also offers significant economic benefits, such as lower running cost, low maintenance cost and tax benefits, and also job creation. The supportive policies of the government, including subsidies and tax exemptions for EVs and charging infrastructure, will play a pivotal role in boosting EV sales. ....