EVWorldNews

Category: Electric Vehicles

  • MG Motors Launches ZS EV In India

    ZS EV to bring affordable version to Indian markets

    MG Motor unveiled a second product. This product is the ZS EV in India. This has happened after in July they unveiled Hector that became instantly popular. The electric SUV has the same specs as that of MG GS model sold globally in multiple markets. The iconic brand from Britain now owned by the SAIC Motor Corp showed its model of ZS off in New Delhi on Thursday.

    This vehicle has the capability of going to a distance of 340 km in one charge as per the claims of the company. This vehicle is going to compete directly against the Kona by Hyundai Motor and other brands that have electric SUVs in the country.

    The vehicle comes with sky roof and also an air purifier which is inbuilt. The company is going to begin selling in just five cities. The cities are Delhi, Mumbai, Ahmedabad, Bangalore and Hyderabad. 

    This model is going to be produced at the manufacturing facility of the company based in Halol Gujrat. The price that is being expected for MG ZS is going to be close to Rupees 25 lakh.

    MG is going to go up against Hyundai and Maruti Suzuki, both of which control the market share of passenger vehicle as 2/3rd of all the vehicles had been sold till March were made by the two of them. However, only a fraction over 8,000 EVs had been sold in the past few years as per data.

    MG has been working towards creation of an ecosystem for EV before they launched the ZS EV including the infrastructure for charging and other utilities.

  • Bajaj Auto Invests In Micro-Mobility Yulu

    E-rickshaws to lead the electric vehicle revolution in India.

    Bajaj Auto Ltd is going to now invest in the cycle sharing platform based out of Bengaluru named Yulu. Bajaj is the 2nd biggest manufacturer of motorcycles in India. This platform offers bicycles and electric cycles for connectivity to the last mile.

    This is coming in the wake of mobility landscape changing in India. The interest from Bajaj Auto has coincided with the interest of Uber in this sector. Also, Bajaj Auto has Rajiv Bajaj at the top in this firm.

    The companies have together issued a statement. Further the statement says that Bajaj is going to invest about $8 million in the bike sharing company Yulu. The reason, complimenting the relationship between both the companies.

    Additionally, Yulu is going to source from the electric two wheelers of Bajaj. These EVs have been manufactured and co-designed for micro mobility sharing. Also, Bajaj is considering facilitation of vehicle financing requirements that Yulu has for the deployment of large scale electric vehicles.

    Bajaj and Yulu

    The start-up is engaged in urban mobility. It has Amit Gupta and RK Misra as their co-founders. Furthermore, it has gained traction from investors and capitalists.

    A lot of Indian cities like Bengaluru, Mumbai, Bhuvneshwar, Delhi and Pune launched this service. For congestion reduction and control of pollution, the shared micro-mobility can come in handy in future, says Bajaj; and this is what will drive this segment.

    This along with the rapid transport like Metro will help larger cities boost the demand for Yulu. This is because it provides last mile connectivity in a flexible manner.

    This was the primary reason why they took this decision of partnering with Yulu. Rajiv Bajaj mentioned this in his statement.

  • Electric Vehicles’ Demand Not Up To Expectations

    Debate between Battery electric vehicles and hybrid electric vehicles still going on.

    In the previous decade the mismatch in the expectations of electric vehicles and the realities of the market has never been more if the experts are to be believed.

    In the year 2010, the CEO of Nissan, Carlos Ghosn had proclaimed that by the year 2020, 10 % of the vehicles in the world are going to be electric. This was the time when the automobile giant had introduced their electric vehicle Nissan Leaf EV. The car is still on sale till the date even after the career of Ghosn is in the ruins as he is awaiting a trial in Japan on financial malfeasance charges.

    In reality, the market globally for the plug-in vehicles which includes the electric vehicles which are run on battery and the gas-electric hybrids is at about 2% as 2020 is less than two months away.

    Image Credits: Forbes

    A decade is a time which can be termed as being more than enough for the development of a market for a new kind of vehicle. This is been the case many a times whether it was the transformation from muscle cars to the sedans to even minivans. The growth in the sales of Electric Vehicles has been so weak as compared to the expectations that it is being seen as a clear indication of people not wanting these cars fundamentally.

    USA which is considered to be the most competitive market has also seen that people do not want the hybrid cars. There is demand for SUVs as well as pickups. This is a trend which is good for the carmakers as they have high profitability, the very purpose of creation of electric vehicles which is climate change is being defeated currently with people not embracing electric cars.

  • Volkswagen Begins Production Of Its Electric Car ID.3

    Volkswagen fails to meet its commitments in Rwanda

    The production of the electric car ID.3 has officially been started by the Volkswagen on Monday as the auto giant from Germany is looking to become a leader when it comes to the ever growing field which is e-mobility.

    A ceremony which had taken place at the Zwickau plant of Volkswagen had been attended by a host of important people including Angela Merkel, German Chancellor and the CEO of the company Herbert Diess.

    In his speech Diess has said that the vehicle is going to make a substantial contribution in the breaking through of the e-mobility sector. He added that this vehicle is making e-mobility accessible to loads of people and is an important milestone for their company as it is aiming to become climate-neutral by the year 2050.

    Volkswagen ID.3
    Volkswagen ID.3 (Image Credits: wikimedia.org)

    The website also had an announcement where Volkswagen had described that their electric offensive is now picking up speed. The vehicle is on track for its launch at the same time in the markets in Europe in the next summer which the basic version of the vehicle which is being marketed in Germany at an amount which is lower than $33,487.

    The facility in Zwickau is going through a conversion currently from being a factory which is a 100 % internal combustion engine one to becoming one that is solely going to produce electric vehicles. The redevelopment of the site is costing Volkswagen close to 1.2 billion euros and the company has said that from 2021 onwards the plant is going to have the capacity for producing as many as 330,000 electric vehicles every year.

    The company is planning for the launch of close to 70 models of electric cars by the year 2028.