India is one of the fastest growing electric vehicle markets in the world, and more than 90% of India's 2.3 million EVs are the cheaper and more popular two- or three-wheelers. Policies to encourage sales, like a $1.3 billion federal government scheme, rising fuel costs over the past decade and consumers awareness of the long-term cost benefits are driving up sales.
BING NEWS:
- EU tariffs on electric vehicles could cost China nearly $4 billion in trade
European Union tariffs on Chinese electric vehicles (EVs) could significantly impact Beijing, potentially costing nearly US$4 billion in trade with the bloc, according to a new analysis by Germany’s ...
05/31/2024 - 12:30 am | View Link - NIO shares rise in Hong Kong on potential record sales in May
Shares of Chinese electric-vehicle maker NIO (NIO) rose sharply in Hong Kong on expectations that May deliveries would likely hit a record high, the Wall Street ...
05/30/2024 - 8:28 pm | View Link - The incredible rise of Chinese Tesla rival BYD, which recently revealed 2 hybrid sedans that can go 1,250 miles without stopping
The Chinese automaker BYD briefly eclipsed Tesla as the world's top seller of electric vehicles earlier this year.
05/29/2024 - 3:32 am | View Link - Porsche reveals a new hybrid 911 as more consumers embrace hybrids over electric vehicles
Porsche unveiled the first hybrid version of its most famous sports car, the 911, on Tuesday, a move that could help electric motors become more accepted even in performance cars.
05/28/2024 - 4:07 am | View Link - Average Age of Vehicles in the US Continues to Rise
The average age of cars and light-duty trucks in the U.S. has risen again to a new record of 12.6 years in 2024, up by two months over 2023. The average age increase shows signs of slowing as new ...
05/24/2024 - 6:10 am | View Link - More
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