EVWorldNews

Tag: Electric Vehicles Market

  • Lack of awareness about Electric Vehicle battery hurting market

    Electric vehicle battery recycling is an industry which has been booming off late and is a key factor about lowering the carbon footprint of the electric vehicles but close to half of the Americans are currently of the belief that the EV batteries are meant to be discarded after use. A study which has been carried out has revealed that close to 47% of the Americans think that the EV batteries are not recyclable. Over one-third of the people think that the Americans do not understand that the recycled batteries for the making newer electric vehicle batteries. Only a few of the Americans have an understanding that the critical materials in this can be recycled over without the loss of the performance. This is a major blow to the market which prides itself on the recyclability of the product.

    There are many myths which are prevailing for the electric vehicles which are stopping the growth of the market. The market experts are of the opinion that the myths and misconceptions about the electric vehicles and in particular about the recycling of electric vehicles has been hampering the industry. They feel that while the industry has been making great progress in terms of efficiency and the cost-effectiveness of the recycling of lithium-ion battery but these are only false narratives about the Electric vehicles which continue to go on. They are changing this by creation of an infrastructure which is going to make it unthinkable for letting the battery to go to dust as they are way too valuable.

    Also Read : Tesla is coming to Thailand to compete with BYD – EV World News

    There are studies which prove that the attitude of the Americans is a lot more positive than what it was earlier but the misconceptions still remain with regard to the Electric vehicle batteries. Overcoming this challenge is going to be critical for the growth of the electric vehicle battery market.

  • EV Nepal Expo showcases BREV Microvan

    EV Nepal Expo was held in the last week and there were many brands from all over the world who had exhibited their Electric Vehicles at the event which was held in the capital city of Kathmandu. Along with the electric vehicle models which were manufactured in India and China, there were a few home-grown brands too who got a lot of attention from the visitors to the expo.

    The Brij Motors Group which is a name that is pioneering in the country in the auto spare parts has showcased its vehicle in the expo. It is a BREV Microvan during the expo.

    Also read : Volvo to keep its commitment on the electric vehicle manufacturing. – EV World News

    The capacity of the microvan is close to a ton and also can transport 13 passengers which includes the driver of the vehicle. The dimension of the vehicle in length is 4460 mm, in breadth is 1900 mm and in height is 2150 mm. The ground clearance of the vehicle is 300 mm and the wheel track is 1420 mm as per the company.

    The BREV microvan has been designed by Sushil Agrawal who is the chairperson of the Brij Motors Group. Agrawal is also credited with the introduction of Safa Tempo in Nepal. These were electric vehicles which were introduced much before the revolution of EV. They date back to as far as 1996.

    The vehicle is equipped with the Manual transmission with a system that has five gears and gives a maximum speed of 50 km per hour. The vehicle can provide a range of close to 150 kilometers per hour. This also helps as that the vehicle comes with a warranty of three years on its battery and a year of warranty on the other components. This is a vehicle priced at 3.1 million rupees and is expected to hit the market very soon.

  • Volvo to keep its commitment on the electric vehicle manufacturing.

    Volvo has been a brand which has been known for its safety over the years. Now, car manufacturer from Sweden is going to be known as an electric vehicle company as well. Volvo has been facing many obstacles such as the shortage of semiconductors and the price variations however all the car manufacturers have been encountering these issues. The commitment of the company is going to be higher for the for the electric vehicles now as it is going to get into the hybrid powertrain or the all-electric vehicles for all of its models. The company which was known all over the world for the cutting edge features of safety and its crash ratings is going to be leading innovation for the automotive industry in the coming years.

    Also Read : https://evworldnews.com

    The decision was announced in the last two years and the company has been trying to get its production to become fully electric by the year 2025. Volvo has also made a commitment by 2025 that it is going to have a million vehicles on the road by then.

    The other manufacturers have been following suit since then and it is going to impact the world in the most positive manner as the electric vehicles which is going to see a growth in the coming years with Volvo leading the charge for the market.

    Volvo is also going to offer a couple of fully charged plug-in models. The new Volvo is going to reach the floors of the showroom in the year 2023 in the form of a 2024 model.

    There has been no entry level price suggested yet but there are speculations rife about the electric vehicle price which has created a buzz in the world of electric vehicles. This is going to be a revolutionary growth graph for the company.

  • General Motors optimistic about the electric vehicle future

    Issues and concerns with regard to affordability and charging have held consumers back from converting to the battery electric vehicles. Making this switch between the ICE cars and the tracks to the ones which are battery powered electric vehicles is a huge choice for the customers who are willing to cling on to the convenience and familiarity of going to a fuel station for refueling. General Motors doesn’t think this is a phenomenon which will last for too long.

    However in a session with the reporters this Thursday during a meeting, the Chairperson of General Motors Mary Barra said that she is not going to agree with the concept that the drivers are going to resist giving up the fueling for a recharge of the battery. She said that maybe a small fraction may be doing so but there will be a lot of forces which are going to encourage people to take up the electric vehicles.

    The reasons according to her are the fact that the cars are a great fun to drive and says out of her personal experience that not going to a gas station can become really addictive very quickly. The challenge is going to not be mainstream for very long.

    As of now, there are not many who are holding out. The sales of the electric vehicles thus far are not great but she does expect it to pick up soon. The third quarter however showed that the sale numbers of the electric vehicle were just 5% of what the total vehicle sales were in the United States.

    The trend is however picking up as the number of dealerships have considerably increased in the last few years. That is a great sign for the company and the overall economy of electric vehicles as the world gradually adopts to it.

  • ZS EV’s smaller version from MG motors to debut in India soon

    The upcoming ZS EV from MG motors is going to probably debut in India. Before, the launch, the automaker as of now is testing the electric vehicle it has. This is a much smaller version of the ZS electric which is an SUV. This has been recently seen on the roads of Gujrat where they were testing. This is an upcoming electric car which is aimed at the customers who are looking for an affordable and small EV in India.

    The test vehicle of the ZS EV is going to be a three door model. The EV will expectedly be coming with a light bar that is going to stretch to the entire width of a rear section which connects with its tail lights. There is also speculation that it is going to come with the rectangular fog lamps as well as the bumpers that are body-coloured.

    As per a leaked image, this car may be a rebadged version of the Wuling Air electric vehicle. This is going to be the smallest car on the roads in India.

    Also Read: GM to install 40000 EV chargers (evworldnews.com)

    The ZS EV in all likelihood is going to have a range of 200 to 300 kilometers on one charge.

    At the same time, the MG Motor India has also initiated a huge overhaul in the top leadership as it signals an intent for this market to have a long term commitment as there is a huge scrutiny of the FDI which comes from China. MG is among the only Chinese manufacturers which have set a facility up in India after the debut with the SUV MG Hector in the year 2019.

    The affordable segment could be one which the market needs the most as it would then go on to grow its volumes and reach out to a huge middle class segment.

  • Chinese electric vehicles are offering a challenge to Europe

    The Chinese electric vehicles are now making their way into Europe and are aiming to win the sales volume from manufacturers such as Volkswagen which are looking to sell higher volumes of vehicle. But Mercedes, BMW and Audi cannot afford to get complacent as the companies will be coming for the upmarket manufacturers too.

    The premium markets however are going to be a lot more difficult to target as it is going to be difficult to compete with the status symbols which Audi, BMW, Mercedes and Porsche have become over the years and the nameplates BYD, Aiways, Xpeng or NIO may not have the same impact.

    It has been said that the share of the Chinese manufacturers of the battery electric vehicles in Europe may rise to about 15% by the year 2025 from 5% that it is right now. The big carmakers of Europe are currently hamstrung by the EU CO2 regulations which are in favor of the bigger, expansive and higher profit market electric cars and therefore seem unable to compete with the mid-price challenge and are even less inclined to contemplate a rise of the cheaper electric runabout.

    It is difficult to believe that the EU policy which is going to hollow the industry out and cause many job losses will be going unchallenged.

    Also read : GM to install 40000 EV chargers (evworldnews.com)

    The market is vulnerable and the brands have been notching up impressive sales which are based on the high-standard equipment levels and have prices which are below the competitive companies.

    Chinese electric vehicles are going to go unopposed from the European electric vehicles. The earlier hurdles such as quality which were being faced by the ICE versions of the Chinese electric vehicles will not be faced by the electric vehicles as they have a superior quality in the recent past due to better manufacturing.

  • EV chargers to be installed by General motors in Rural America.

    General Motors is going ahead with its plans which include the installation of 40,000 EV chargers. Most of which is going to take place in the rural parts in America. This is going to come as the plans of GM including selling exclusively for the zero-emission passenger vehicles by the year 2035. This is not going to be the Level 3 fast chargers but the slower ones but they are going to be powerful ones. These will be going in the locations where the EV drivers may be able to leave their vehicles parked for a couple of hours like the sport venues, parks or the downtown shopping districts. These are chargers which are going to have the industry-standard plugs which might be used by most of the electric vehicles and not only the likes of GM and Tesla.

    As of now there are 43,000 such charging stations in America. If all the units get installed, they would be able to double their number of stations.

    For now, 1,000 dealers of GM have come on board for the installation of 10 chargers per its dealership. Many of the GM dealership owners are the independent business owners and own over one dealership. The chargers are not going to be installed at the dealerships though but through the local area where the dealerships are based.

    As of now, most of the electric vehicles in the country are sold on the coastal areas such as California and New York. The EV chargers as of now are concentrated more in the suburban parts and urban parts of the nation around the major highways where they serve people who drive from one town to another.

    The dealers will get to select the location of the chargers in the communities where they are located or their dealership is located.

  • Electric Vehicle Tax credit statement issued by United States and European Union

    European Union and United States on Monday have said that that there has been progress addressing the concerns of the European Union about a climate law of United States which would cut the electric vehicles from the tax credits of United States of the European Union but also failed to resolve this matter. Electric vehicle tax credit has been a major talking point lately.

    They had issued a statement jointly after the third TTC between US and EU which had vowed for working constructively for resolving it.

    The joint statement said that they acknowledge the concerns of EU and underline the commitment for addressing them constructively and taking note of the progress which was made by the task force set up for addressing the dispute. The Trade commissioner Valdis Dombrovskis had called $430 billion United States inflation reduction act as discriminatory and had urged many steps which may be taken before the end of the year for modifying this law. It also offers consumers tax credits as much as $7,500 for the newer purchases of Ford, Tesla and Other EVs which were made by North America.

    Antony Blinken who has said that the council has enabled both the sides which account for a combined 40% of the output of global economy for making concrete, practical progress on many issues including the counter of Ukraine-Russia war and said that he was confident of tax credit issue may be resolved. He said that they all came out of the meetings convinced that this was a way of coming up with a solution and a way forward for both the organizations. They feel optimistic over this as they race against time to reach some conclusion before the new measures start coming in from the coming year. That would be critical for both the countries.

    Also Read : Tata Motors takes jibe at Mahindra in a social media post. – EV World News

  • Zooz power to enter into a joint venture with Blink Charging in US electric vehicle market.

    An Israel-based developer, Zooz Power which has developed an ultra-fast power booster to be used by Electric Vehicles has secured the distribution agreement for helping in establishing its footprint in the United States Market.

    Also Read : BasiGo and Metro Africa lead Africa’s electric vehicle charge – EV World News

    On this Sunday, Zooz announced that it has signed an agreement for five years with the company Blink Charging. As per this deal, the operator in United States is going to be serving as the distributor for sales and deployment of the systems of fast charging which it says has the ability to fully recharge a battery within 15 minutes. Tel-Aviv listed shares of Zooz saw a jump of 20% in the afternoon trade.

    The CEO of Zooz, Boaz Weizer described this agreement as a major milestone in the penetration of the company into the market of United States. The market is seeing great development and is going to offer great business potential in the years to come.

    KPB which is based on a patented flywheel technology of Zooz is now converting electrical energy into the kinetic energy and has been designed for the areas where the EV infrastructure is still behind or where the grid is not sufficient enough to give the company a quick boost. The boosters are modular and can take up only half the parking space. These are installed in many parking lots, hotels and airports.

    Blink Charging said that as the demand for convenient and accessible long-range EV charging is going to grow, it is important that the company provides the EV drivers with a dependable and sustainable solution.

    Read Also : https://twitter.com/evworldnews/status/1599634338559062017

    Zooz will be working on Blink Charging on what will be a joint R & D pilot program which is going to be funded by the BIRD foundation for testing the capability of the system to ensure extremely fast charging of the electric vehicles and the capability of the system to ensure the ultra fast charging.

  • Tata Motors takes jibe at Mahindra in a social media post.

    Tata Motors is one of the homegrown electric vehicle companies in India and the company has a history of being savage towards its rival automakers by making a mockery of them for many reasons. While Tata has been targeting its rivals such as Hyundai and Maruti Suzuki in the past for its safety ratings, the company has now directed its savagery towards Mahindra XUV 400 over its electric vehicle sales or the lack thereof. In a social media post, the company compared the sales of Nexon EV which is a Tata product to that of XUV by an image which reads 35000>0.

    Tata Nexon EV is among the first-ever high voltage Electric SUV which is made in India and with its capable nature and the absence of any rival directly, the Nexon EV is among the best electric vehicle cars in India. This has made Tata Nexon way too ahead of their rivals and an electric car which has achieved this milestone and prompted Tata Motors to promote this achievement on social media.

    However, when it has done so, the Nexon has mocked its rival which is yet to be launched. Mahindra has positioned this car to be a direct rival and is going to see a 2023 launch in January. This will offer a driving range of 400+ kilometer.

    Tweet here : https://twitter.com/Tatamotorsev/status/1599018208513921029

    The jibe has not gone too well with some of the social media users. The reason for this is the fact that the car is yet to be launched. The comparison has been done with humor in mind but there were many who have pointed at the intention of mocking zero sales when it is going to hit the market eventually. Nexon has two models currently running in the market and both are getting good sales without any competition so far.