EVWorldNews

Category: Companies

  • Lyft wants to have more drivers into electric vehicles

    Lyft which is an app-based ride-booking service which is rolling out the new set of perks geared towards having more drivers into the electric vehicles.

    This is a move which could come as the federal government has been offering a more generous tax credit for the purchase of electric vehicle which meets certain requirements. Many states as well as localities also have the incentive programs and are planning for the significant expansion of the electric vehicle charging infrastructure.

    Also Read : Krishan Pal Gurjar reveals steps about adoption of electric mobility (evworldnews.com)

    In California, Uber and also Lyft are also facing state regulation that call for the emission cuts from the ride-booking services in years ahead.

    Lyft has said on Monday that it is going to award the drivers in California in the $150 bonus if they compete close 50 trips in the week using the personal electric vehicle. That incentive is going to run through the December of 2024 and the drivers can keep receiving bonus until they hit $8,100. The drivers can only have one bonus payment every week.

    Additionally, it has also been said by Lyft it had entered with charging company EVgo to get the US drivers discount of close to 45% on the standard charging rates, with savings could vary on the basis of factors such as location and time. And it announced the discounts and the pre-negotiated rates for home charging equipment and the installations with couple of different companies, Coil and Wallbox.

    Lyft pledged a couple of years for having all the vehicles on the platform to go electric by the year 2030.

    The company has dumped upward of the $45 million into campaigns for the failed measure on November Ballot of California that would have raised the taxes on the people earning more than $2 million every year for helping in paying for electric vehicle subsidies.

  • Electric Bikes to be converted from the traditional ICE

    Tomy Huang who is the president director of PT Trimentari Niaga said that motorcycle aftermarkets parts producer has capacity for converting thousands of the motorcycles from the traditional ICE into the electric bikes monthly.

    This has been explained during the electric vehicle funday event at Central Jakarta

    Also Read : Rwanda electric Vehicles not going as planned by the government. – EV World News

    Huang said that BRT has been able to convert thousands every month. Because they are not a motor garage but a manufacturer. They can reach thousands as they produce their own spare parts.

    The company which had been initially established as a provider of motorcycle racing aftermarket parts for close to 2 decades now and has 150 network dealerships across the 27 provinces in the country of Indonesia that will be able to offering electric motor conversion kits to be installed in the traditional motorcycles.

    They are saying that they will grow that to the 1000 existing networks by the month of June of 2023. Huang who had asserted that Electric Vehicle manpower is going to wear the yellow uniforms.

    Huang has asserted that BRT services are only going to need roughly the 45 minutes for swapping an electric motor into the motorcycle with the fuel-based engines.

    When it comes to early stages, the company had started with 3 days for converting a traditional motorcycle for a fully-functional motorcycle.

    Also Read: Rwanda electric Vehicles not going as planned by the government. – EV World News

    When it comes the cost, he explained that the motorcycles under 115cc engine capacity is going to be equipped with the 2-kw motor which is going to cost as much as Rp7.5 million but is going to exclude the battery which is going to be subject to the government subsidy program in near future. The cost of the assembling electric components and all the paperwork for the electric motorcycle which is going to reach Rp9.65 million. It is important to keep the electric vehicles

  • Tesla to enter into many other locations in the coming year.

    Tesla and its founder Elon Musk are about to keep their promise of revealing the locations they are going to enter before the end of this year.

    CEO musk had said during the beginning of the year that 2022 will be the year when they will be looking at the factory locations to see where they can make the most sense out of it with some announcements being expected by the end of the year.

    Also Read : Polestar to tie up with Cake for an electric Moped. – EV World News

    In the month of August, he also repeated that he hoped that he is going to announce the location of the carmaker’s next gigafactory later in the year as it aims at producing 20 million vehicles every year by the year 2030 and become the biggest carmaker by the production volume.

    There are many countries where the governments have been encouraged to court Tesla. Countries like Canada, South Korea, Indonesia and a few others have been giving incentive for becoming the new land of Tesla.

    This is a company which already has four assembling factories across USA, Germany and China.

    The factories in USA are currently serving the markets of North America and have a combined capacity of producing 900,000 vehicles every year as per Tesla. They are going to produce all models of these vehicles sold by the company including its Model Y, Model 3, Model S and Model X.

    The rumors have been rife about the company entering the space in Mexico among other countries. As of now, In Shanghai, Tesla is producing the vehicles it is selling in Asia and also in Europe. However, ever since, Tesla has opened its plant in Germany in the month of March, Europe could be served by the German site. Shanghai has a capacity of over 750,000 and Germany is also going to have a high capacity

  • Polestar to tie up with Cake for an electric Moped.

    A Swedish company, Polestar makes many premium electric vehicles all over the world and in North America where it has partnered with CAKE for unveiling its Polestar edition electric Moped. This is going to be the first of its kind electric Moped which is going to be available in the United States.

    CAKE is another company from Sweden which is into the manufacturing of lightweight electric mopeds and motorcycles. This was founded in the year 2016 for creating the electric motorcycles to combine responsibility with excitement as it supports a society which is free from emission.

    The vehicle which is going to be launched is their urban commuter model called Makka. It has two more models which are called Kalk and Osa.

    The first CAKE Makka edition of Polestar was launched in the year 2021 and was available only in the Snow Matte color. It was an instant success as it sold out immediately. This new Makka is going to boast a sky color which will be a nod to the exterior color for the first electric roadster concept. It also features a slimmer headlight and dampers from another Swedish company by the name of Ohlins which develops the suspension systems.

    There is a rear carrier which is detachable and is going to allow many configurations such as racks, boxes and passenger seats.

    Riders get to enjoy a top speed of 28 miles per hour along with two ride modes of which one is for the balanced performance and one is for the extended range. The mixed city riding is going to see a range of close to 34 miles and moped is also street-legal. While it is being sold and delivered by CAKE, the edition of Polestar is now available in the select markets of Polestar using the Additional webshop. It is going to have a price for $5,300 and is going to be available in Canada, United States and a few others.

    Also read : Rental Industry to boost electric vehicles in United States (evworldnews.com)

  • Toyota Electric vehicles ties up with Oncore electric delivery from  Texas

    It has been reported recently in the United States that V2G is among the latest go-to word in the Electric Vehicle market and that is proving very accurate as the automakers continue to make the vehicle-to-grid announcements. Toyota Motor’s North American branch said on 15th of December that it is going to collaborate with Oncore electric delivery which is based in Texas on what is going to be a V2G pilot project which is going to capture energy from the Toyota Electric vehicles and will redirect it to power grid.

    As per the Toyota Electric vehicles and its Charging Solutions team, they said that they are going to envision a future where the battery electric cars are going to provide a mobility experience which best in its class but also can be utilized by the customers to power the homes and communities and also power back the grid when the need will be there.

    The ability is going to include the keeping of lights on and refrigerator humming in the blackouts. This capability is available as an extra on Ford F-150 Lightning and the Chevrolet Silverado electric vehicles.

    For Oncor, it will be a first collaboration as it operates in the research and testing of microgrids in the South of Dallas which isn’t too far from the national headquarters of Toyota.

    Toyota is going to continue experimenting with the Electric vehicles connected to the homes and businesses in service territory of Oncor. Toyota will have its first electric vehicle come in the form of bZ4X and it is going to be followed up with the Lexus RZ 450e in 2023.

    Oncor has been in operation for a century and has been in Texas. This is a company which is very bullish on electric vehicles and how it will be a game changer for the electric vehicles.

  • Ramakrishna Forging and Tsuyo Manufacturing to join hands in electric vehicle market

    Ramakrishna Forging which is among the leading suppliers of forged, rolled and machined products has announced the intention it has for acquiring 51% rights of voting for the Delhi-Based Tsuyo Manufacturing which is a startup that is working on the powertrain solutions for the electric vehicles. This will grow the electric vehicle market

    This is a proposed investment which is going to help Tsuyo for using their technical expertise and skills of manufacturing of both the organizations for enhancing their portfolio and expanding their facilities for the manufacturing of the controllers, differentials and e-axles.

    Also Read : Rwanda electric Vehicles not going as planned by the government. – EV World News

    Ramakrishna Forging has an aim to invest close to Rs 100 crores in the coming five years that is going to generate a turnover of close to Rs 500 crore by the time the fifth year ends.

    Ramkrishna Forging said that they believe that the strategic investment is going to enable them to further the commitment for supporting the electric vehicle growth in India and in the world. They said that they are excited for the journey and to partner with TSUYO and the acquisition is going to significantly improve the capabilities and expand the share of the market in the evolution of Electric vehicle segment. The transaction also brings many synergies that solidify the position as one of the biggest providers of the forging solutions.

    The headquarters of the company are in Kolkata wher ethe company has been since 1989 and has manufacturing facilities in Jamshedpur, US and other countries.  

    In the years, it has been working, it has increased the forging and die making capacities and also added machining and facilities of heat treatment including the isothermal annealing which has enabled it for undertaking the manufacturing of components for the OEMs and the Tier 1 companies.

    The union is going to be good for both the companies and is going to grow the overall electric vehicle market.

  • Pentagon adds hurdles on non-tactical US electric vehicle

    Pentagon now has to face another major barrier for the purchase of non-tactical electric vehicles or hydrogen powered vehicles. The house has passed the law called NDAA 350-80 last week and Senate voting is expected for end of this month. This is a major blow to the US Electric vehicle industry

    Ernst has told the Defense News that this is an expensive investment for a product which is unreliable and has been constrained by the Communist Party controlled China which involved a slave and child labor powered chain of supply. The NDAA according to him should never put climate politics a priority over the national security and Democrats had no choice but to concede this as a point in the defense bill of the year.

    Also Read : Rwanda electric Vehicles not going as planned by the government. – EV World News

    Senate Democrats also included their own provision of NDAA which is going to require the fleet of 170,000 of Pentagon that is non-tactical vehicles which run completely on the alternative fuels or electricity by 2035. The deadline in the bill is five years extended over the 2030 date for transition to the alternatively fueled vehicles which the initial bill stipulated when the Armed services committee provided its draft in the month of June.

    Ernst used the position she is in the Armed Services Committee for placing more hurdles on the efforts of creating a green and non-technical vehicle fleet for defense department. She also drafted the provision which is going to require Pentagon for first supplying Congress with the report on cost estimates per every unit for the infrastructure of supporting them as well as a comparison for their lifestyle costs in comparison to the vehicle cost with combustion engine.

    This is a report which would also need to provide the assessment of any of the shortfalls of supply chain and security risks which is fire-related while there is an identification of any component with the vehicles that are sourced from Chinese.

  • Rwanda electric Vehicles not going as planned by the government.

    Rwanda electric vehicles market may not be going as planned because of the rugged and rural terrain. Rwanda is called the land of thousand hills and is not the ideal place for electric vehicles as it is tough on any car but is particularly tough for the heavy batteries.

    The president of the country however has plans of transforming economy of the country. A major plan of the country is to cut the greenhouse emission of gas and reduce the dependence on the imported fossil fuels that currently accounts for more than 40% of the foreign exchange spending of the country.

    The government right now has been launching a huge range of incentives for encouraging the electric vehicles. The electric vehicles and their spare parts, charging station and batteries are exempted now from import duties, excise and VAT.

    Also read : Battery electric vehicles vs hybrid electric vehicles debate. – (evworldnews.com)

    While the electric vehicles may be charged at the subsidized electricity tariff, the government is also handing out the rent-free land for charging bays. Volkswagen from Germany was among the first beneficiaries of the strategies of the government. It launched Rwanda’s e-golf model in the year 2019. The pilot project started with four of the cars and two stations in Kigali

    The plan originally for VW was for the expansion of the service to 15 charging stations and 50 cars as a part of the cab-related app which is known as Move.

    Though, in actuality, three years later just 20 of the cars that they committed are on the road and they have been removed from Move completely. Instead, these are used for carrying customers from many high-end hotels, international airports or the convention center.

    VW however has been optimistic still and it is going to be a factor in how the country’s growth in the coming years in terms of electric vehicles.

  • Battery electric vehicles vs hybrid electric vehicles debate.

    The debate between Battery electric vehicles vs hybrid electric vehicles is going to rage on. European Union has made a decision that 2035 is going to be the final year when the ICE or internal combustion engines will be banned for sale and al the new vehicles will then be electric vehicles as automotive industry is going to play its part in the battle of being carbon neutral by 2050.

    Read More : Cheap Chinese imports dent India focused electric vehicle policy – EV World News

    This is among the big upheavals. It makes an assumption of over 100 years of development and investment which may be replaced with technology that is yet to be proven in the actual world. There is one aspect of this plan which is guaranteed. The politicians who have been pushing this plan will not be in power by 2035. If it is a plan which does not work out, there will be no one to answer any critics. The other aspects are a little less certain because, the politicians have made an agreement of the fact that battery electric vehicles will be victorious at the end of the day.

    A few of the leaders are saying that selecting the technology which is not proven so far is like wasting 100 years of the development and assumes the battery-electric will be as capable. They say that there is still a lot of improvement which is gained from the refining of cleaner power with the help of the hybrids and with that the CO2 emissions may be also slashed.

    Others are of the opinion that in order to go for the net zero carbon emissions, the BEV are completely carbon neutral and that isn’t the case. A few estimates reckon that it is going to take 16,000 miles of use of the battery electric vehicles for matching the CO2 emissions of the ICE vehicles.

  • Mahindra and Mahindra looking at an investment of 10,000 crore

    Mahindra and Mahindra which is an automaker from India has said today that it is going to invest Rs. 10,000 crore for setting up a manufacturing plant for electric vehicles in Pune as a part of its push for the EV space in the country. The investment plant has been approved under the Maharashtra Government and its industrial promotion scheme for the electric vehicles.

    Mahindra is known for the sports utility vehicles it makes along with jeeps has now said that it is going to now manufacture its Born Electric Vehicles range which includes the Electric Vehicle variant of the popular XUV 700 in its new plant.

    Through its subsidiary, Mahindra is going to make investments of close to Rs 10,000 crore in the period of 7-8 years for setting the manufacturing facility up, development and production of the BEVs of Mahindra and a few others which had been showcased in UK in the month of August in the year.

    Rajesh Jejurikar who is the executive director of the company said that they are delighted with the approval which has come from the Maharashtra Government for setting the EV manufacturing plant up in Pune and investing in what they call their home state for over 7 decades.

    Also read : Lack of awareness about Electric Vehicle battery hurting market – (evworldnews.com)

    As of now, India does not have a huge sale of electric vehicles with Electric vehicles only making about 1% of the total sales of cars of close to 3 million however government wants to help in the growth of this by 30% by the year 2030.

    Currently Pune is home to a few of the top manufacturers of the country which includes Hero MotoCorp , Bajaj Auto Ltd and the Indian Mercedes- Benz and Volkswagen unit.

    The company is currently in talks with many investors who they think will invest in the companies going forward.