New Delhi, Nov 5: India’s electric vehicle (EV) charging market is projected to reach $3.7 billion by 2030, led by an increasing adoption of EVs, according to a report on Tuesday. Globally, the EV charging infrastructure market is poised to expand significantly, with revenues projected to surge from $25.9 billion in 2023 to $164 billion…
South Korean battery major LG Energy Solution has reported a 40% drop in third-quarter profits, resulting from slowing demand for battery cars. The figure that the company reported, at about $323 million, was higher than analysts had forecast, but it was 40% lower than the profit figure for the third quarter of 2023. “Competition in…
In the third instalment of a three-part series on China’s electric vehicles, Daniel Ren and Yujie Xue look at why smartphone makers are finding success in the EV market. Read the first and second parts. On a cloudy afternoon in September, in a gleaming, ultra-modern Xiaomi electric vehicle (EV) showroom in Shanghai, Justin Weng was…
Oct 24, 2024 08:42 AM IST . Less than a month after the European Union agreed to impose tariffs up to 45% on imports of Chinese electric vehicles (EVs), a flagship publication of the International Monetary Fund (IMF) has argued that Chinese EV imports might be crucial in reducing carbon emissions from transportation. IMF’s observations…
The electric vehicle (EV) market is turbulent. As governments reduce financial incentives, sales growth stagnates, and automakers are evaluating their investment strategies that anticipated a swift transition to electric. What has caused this downturn, and what does it mean for the future of EVs? While China’s EV sales grow, demand in Europe and North America…
Rivian CEO RJ Scaringe thinks people are missing the mark on the competitive dynamics between EV brands. Scaringe discussed what he believes a thriving EV industry should look like and the lack of viable options for consumers at the Atlantic Festival in Washington, DC, on Friday. “This is such as big space. We as a…
Malaysia must navigate global trade tensions carefully as it seeks to sustain competition in its electric-vehicle sector through incentives for local manufacturers and lure investment, according to its Investment, Trade and Industry Minister Tengku Zafrul Aziz. In an exclusive interview with This Week in Asia, Zafrul warned that if tensions between the United States and…