Press Release, 18 November’2024 The electric commercial vehicle traction motor market size was evaluated at USD 1,590.22 million in 2023. The market is expected to grow from USD 2,039.15 million in 2024 to USD 15,032.13 million by 2032, showcasing a CAGR of 28.4% between 2024–2032. Market Overview: What are Electric Commercial Vehicle Traction Motors? An electric vehicle…
US auto stocks including Tesla, Rivian and General Motors fell on Thursday after a report said that President-elect Donald Trump planned to end the consumer tax credit for electric vehicles. Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, Reuters reported, citing…
HO CHI MINH CITY — Vietnam’s Vingroup has said it is willing to sell off assets to fund VinFast, its electric vehicle arm, as a backstop to ensure the Nasdaq-listed startup breaks even by 2026. The country’s biggest conglomerate said it would lend up to $1.4 billion to VinFast and that founder Pham Nhat Vuong…
After Donald Trump was declared the new President of the United States of America, shares of Elon Musk’s companies began soaring based on the tech billionaire’s close association with the Republican nominee’s presidential campaign, according to an AFP report. Trump in his victory speech generously praised Musk as a “genius”, stating: “We have a new…
The CEO of Hong Kong’s largest power supplier said electricity sales have risen because of digitalisation and electrification in the city’s economy, which has brought growth opportunities and decarbonisation challenges. “Electrification is a global trend for achieving decarbonisation in some sectors like transportation and home cooking, which has resulted in greater demand for electricity,” CLP…
Global engineering and product development firm Tata Technologies is seeing a slowdown in electric vehicle (EV) demand across the US and Europe, according to Managing Director and CEO Warren Kevin Harris. However, the company expects an improvement in the second half of the fiscal year. Harris attributes the EV demand challenges in the US mainly…
HONG KONG — A leading Chinese producer of electric vehicle batteries is preparing to shut its European operations next January, Nikkei Asia has learned, in the latest example of a Chinese company scaling back activities overseas amid an escalating trade spat and falling EV sales in Europe. SVOLT Energy Technology, an affiliate of Chinese automaker…
By: Bloomberg | Updated on: 25 Oct 2024, 10:38 AM Renault SA confirmed its full-year guidance as the French automaker expects to benefit from new models including the R5 electric car and updated Dacia … Renault SA confirmed its full-year guidance as the French automaker expects to benefit from new models including the R5 electric…
Press Release, October 21, 2024 This study provides analysis of several key areas influencing the Indian electric vehicle (EV) market. It explores the current industry trends shaping the EV landscape in India, focusing on factors that drive adoption and growth. The report also examines the regional and state-level variations in EV adoption, highlighting areas with…
Hybrid electric cars that charge from the engine have become a new favourite choice among Chinese motorists owing to greater range and affordability. The cars known as extended-range electric vehicles (EREVs), a subcategory of plug-in hybrids, are equipped with a small internal-combustion engine that generates additional power to charge the battery when needed, in addition…