EVWorldNews

Tag: Electric Vehicles Market

  • Electric Vehicle market in India to be a huge part of Electric vehicle change.

    Electric Vehicles in India are going to be a major boon for the electric vehicles market as a whole as the country is dealing with some severe issues of pollution and traffic and electric vehicles have been touted to be a big solution. As a mode of transport, this isn’t just efficient but also eco-friendly. For addressing the pollution and traffic issues, authorities are now pushing the electric vehicles hard as an effort for curbing the air pollution and limiting its dependence on the crude oil. The industry of automobile has been expected to now make a major switch to the electric vehicles in the years to come.

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

    Population growth is the major reason for the hike of fuel as there is excess in demand and India is exploding as a population. This rapid growth in population is going to put a major strain on the resources of the country including the infrastructure related to transport.

    Air pollution is a huge problem all over the world. India has of now has 14 of the most polluted cities in the top 20 as per the World Health organization. Electric Vehicle is responsible for zero emission and they can play a major role in improvement of air quality.

    Also, India is the third largest importer of oil and the cost of the oil that it imports is a huge draining factor for the economy of the country. The electric vehicles are a lot more efficient than the diesel and petrol vehicles and may also help in the reduction of India on the imported oil.

    Also Read : Emerging countries to lead the Electric Vehicle charge (evworldnews.com)

    Though, alternate transport may be the need of the hour but being a huge economy with people with different class and strata, the switch to the electric vehicles will not be easy and is going to require a major investment in the infrastructure such as charging facilities.

  • BasiGo and Metro Africa lead Africa’s electric vehicle charge

    BasiGo which is a firm from Kenya and is into e-mobility has secured a $6.6 million funding for fast-tracking the commercial delivery of the locally -assembled electric busses in the country which is the most recent of the announcement that has come which suggests that change is imminent in the African Mobility sector. With 25 electric busses currently operating in the pilot phase, the company has an intention of delivering a further 15 busses in the month of January which will be used by the existing bus operators in Nairobi. This latest round is going to bring the total of funding in the year 2022 to the tune of $10.9 million.

    Read More : https://twitter.com/evworldnews/status/1599407183497777152

    This announcement comes barely after weeks of the Nigerian Startup Metro Africa announcing that it has a crowdfunding target plan of $100 million for facilitating the electric vehicle part availability in 10 markets in Africa by the end of the year 2023.

    KenGen which is a leading producer in hydro electric power has also unveiled recently that it has come up with four electric vehicles. Furthermore, BasiGo has unveiled already that the charging infrastructure is going to be available soon.

     This market is a ripe one for the public e-mobility as per Jit Bhattacharya who is the CEO of e-mobility. He says that more than 90% of the electricity of Kenya comes from the renewables already. Yet the transport sector is going to rely entirely on the imported petroleum fuels. By the electrification of the public transport of Kenya, they may be able to completely and immediately dent the climate emission and clean the cities up and also give the bus owners much needed relief from the rise in diesel costs.

    KenGen is going to responsible for the transition of the country into one which is reliant on the electric mobility.

    Also Read : Switzerland may limit electric vehicle usage due to electricity shortage. – EV World News

  • Tata Power to install 1000 charging points for electric vehicles in India

    Electric vehicles in India will get a huge boost as Tata power is going to install 1000 electric vehicle charging points and around a lakh solar pumps across the Indian state of Odisha in the coming five years.

    Already, it has set up 50 points for electric vehicle charging while 97 points are additionally under many stages of installation or commissioning as per a release from the company.

    The announcement of setting up solar pumps was made during the Make in Odisha conclave in Bhubaneshwar. Tata power said that this was a part of its efforts in solarization of the agriculture sector in this state.

    Tata power has already installed more than 700 solar pumps in further addition to the 1200 dual pumps for the applications of community drinking all over the state. Considering the huge potential that the state has in harnessing renewable energy, Tata power has said that it is going to participate in the growth of clean energy and renewable growth in this state.

    In Rooftop solar space, this company is also considering the installation of close to 1000 MW of the rooftop solar panels in this state. It has already installed more than 25 MW all over the state. This helps in reducing enough emissions comparable to the planting of as many as 11.31 lakh trees.

    Also Read : https://twitter.com/evworldnews/status/1598856508057468929

    The rooftop solar offering has been availed by many industries which include the cashew processing units, steel production, oil mills, handlooms as well as manufacturing units.

    Read : Toyota electric vehicle strategy gets big boost with Innova Crysta testing – EV World News

    Further, the floating capacity is going to be close to 5,000 MW all over the different water reservoirs of the state and Tata Power is going to look to utilize the expertise that they have in setting such plants up.

    This is going to help in meeting the peak demands of people in the state and also help the electric vehicle development in the state.

  • US electric vehicle shows negligible impact on carbon emissions

    Electric vehicles are seemingly the most important discussion point right now as there is a lot of effort being made for the electrification and it has been spurred on by the impending regulations of the government all over the world and they are aimed at reduction of dependency on the fossil fuels. However in what is a body blow to the movement, the data shows that the electric vehicle sales may not be impacting the gasoline consumption. The United States Electric vehicles sales is higher than ever despite the shortages of supply chain and a frequent markup of dealership. But according to a recent estimate, it has been reported that the consumption of gasoline only reduced by 0.54 % last year.

    Also Read : https://twitter.com/evworldnews/status/1599048198806335488

    The United States plug-in vehicles had driven close to 70 billion miles in total ever since the year 2010. This has displaced the use of 2.5 billion gallons of gasoline and close to 19 million tons of the greenhouse gasses. It was estimated that about 370 million gallons of gasoline were consumed in the year 2021. For the year, the plug-in vehicles saved only about 690 million gallons of gasoline which is only about a couple of days of consumption and the reduction of emission was very less.

    This raises questions on the electric vehicle environmental impact. The biggest growth was in the plug-in sales which has doubled from the last year to 634,000 from the 308,000 vehicles it was at earlier.

    Also Read : Mercedes Benz Electric Vehicle to launch EQB in India – EV World News

    It was assumed that plug-in drivers behave a lot like their gasoline-driven counterparts but applied the PHEV factor to it which adds a basis of battery size and mileage to it.

    The reduction due to the coronavirus pandemic were also added to it and they were consequently adjusted. The impact of coronavirus on electric vehicles was thus nullified by the estimates.

  • Toyota electric vehicle strategy gets big boost with Innova Crysta testing

    Toyota Innova Crysta is among India’s biggest and well-established MPVs. This car has been there for a longer time and is getting different regular updates from the automaker from Japan. In recent times, the manufacturer unveiled their latest Toyota Innova Hycross which is a version that is hybrid engine-powered of a car. Apart from the hybrid engine version, Toyota Innova Crysta electric was in discussion for a long time now and had been presented as the concept car earlier. Though, getting concept to function, the MPV has been spotted as a test vehicle on the public roads now. So Toyota Electric Vehicles may get a big shot in the arm with this move.

    Also read : https://twitter.com/evworldnews/status/1598678236673687553

    This testing indicates that the automaker may be testing a new chassis for the ladder-on-frame vehicles. If this is successful, this may well be a big breakthrough for the car manufacturer for electrifying the lineup of its models further.

    The practice to convert ICE models into electric is established already in the American auto manufacturers such as GM, Ford and others.  

    If it gets launched, the Toyota Innova Crysta electric might be the advancement of the company towards a future which will be dominated by electric and be sustainable towards the environment and will be a great addition to the electric vehicle companies in india.

    The exteriors of the Toyota Innova Crysta EV are based completely on its ICE version only with some changes. The biggest change in design is visible upfront as there is going to be an absence of the grille as in the ICE version. Further, the car has a blue highlight all over the body.

    Also Read : Mercedes Benz Electric Vehicle to launch EQB in India – EV World News

    The launch is still a while away but the electric vehicles forecast could be that the fans would not have to wait too long for an electric version here.

  • Mercedes Benz Electric Vehicle to launch EQB in India

    Mercedes Benz Electric Vehicle has now launched their all electric EQB in India for a price ex-showroom of Rs 74.5 lakh. This is a company that has made it clear that it is now ready to introduce the electric cars as they have recently launched three Mercedes electric vehicles in the last few years.

    The vehicle debuted in the Shanghai auto show last year. It is among the top luxury car manufacturers in the country and it is confident that the position is going to stay the way it is and they have adopted an inverted product approach for introducing their products in the country bringing the products up from a top self of their portfolio of products in India first and then following it up with the products from a lower shelf.

    Also Read https://twitter.com/evworldnews/status/1598678236673687553

    As per the Mercedes Benz nomenclature, the EQS is below the EQC and that is now the new EV at an entry level from the brand in Indian Market. Earlier the Mercedes-Benz had revealed the plan of going all electric by 2030 and also an introduction of the electric products at this stage is going to show the commitment towards India and the electric vehicles environmental impact

    EQS measures the 4.685 when it comes to length and 2020 mm when it comes to width and also stands 1,667 mm tall. It also has a wheelbase of 2,829mm. It is also equipped with the sliding panoramic sunroof. MBUX control center, smartphone connectivity, voice commands and the wireless charging. The vehicle also has an electronic tailgate operation, active lane keep assist, active brake assist, adaptive high beam assist, blind spot monitoring and TPMS along with new airbag.

    Also Read : Emerging countries to lead the Electric Vehicle charge (evworldnews.com)

    EQB is an electric SUV which houses a density and asynchronous motor. It also gets equipped with the battery pack and it produces. It can go from 0-100 in only 8 seconds.

  • Ford Electric Vehicle doubles down on its UK operation

    Ford electric vehicles has now doubled on the commitment it had to the United Kingdom as the hub of its Electric vehicle Europe operation for the electric vehicle powertrain production thanks to the backing of £600 million from the UK Export Finance which supports the high-skill jobs of manufacturing.

    This investment is a part of the plans of the government for putting the United Kingdom at the forefront of the development of electric car in Europe as the country is going to transition into a net zero.

    Ford has also received a support from the UKEF through the EDG scheme which is going to turbo charge the transition of Ford towards the electrification and expand the manufacturing capacity and the export capacity towards a continuous support in terms of investment in the United Kingdom.

    Also Read : https://twitter.com/evworldnews/status/1598565601043169281

    The sole coordinator on the loan was Citibank Europe PLC. There were six lenders who have an equal share in this facility. The international market is booming which keeps driving growth and creating job opportunities right across the United Kingdom. The auto industry is among the shining lights in the economy and there is a determination which is shown by the authorities to seize on the opportunity as the whole world is now working towards carbon emission free when it comes to driving.

    Ford Electric vehicle 2021 is among the largest exporters of the United Kingdom. Engines and the transmissions are transported from their facilities in Halewood and Degenham to twelve different countries across the world.

    Also Read : Emerging countries to lead the Electric Vehicle charge (evworldnews.com)

    The loan which is backed by the UKEF is going to initially support an investment of 125 million for funding phase two of the electric vehicle powertrain hub of manufacturing.

    It is estimated that Ford Electric Vehicle 2020 is going to help in the securing of 500 jobs at Halewood which is also going to be a huge part of the growth in the economy as well.

  • BYD electric vehicle coming to Mexico

    BYD, the motor electric vehicle maker from China, is going to launch its cars in Mexico in the coming years. This is in light of the executives putting up a sales target of close to 30,000 vehicles in the year 2024.

    In the coming year, BYD is going to start selling fully electric versions of the Tang SUV alongside the Han Sedan. It is planned to be done through 8 dealers all across Mexico and was announced by the country head Zhou Zhou.

    The automotive industry association of Mexico has sold less than 5% of the cars. In the first few months, of the year these were hybrid and around 31,000 of 693,000 sold in its entirety.

    BYD in Mexico

    In September, the company set itself a pre-sales price for the Han and Tanga models at €72,000 in the electric vehicle Europe market. There are only a handful of Mexicans who make over $10,000 per year according to the statistics of the country. Zou from BYD further said that the company aimed to sell the cars through as many as 15 licensed dealers in the Mexican region by end of the 2023 and then hit 30 by the end of 2024.

    The environmental problems electric vehicles can solve are immense. And hence Mexicans will look at this as an opportunity to solve this problem through the sales of BYD electric vehicles.

    This announcement comes in the wake of Mexico’s planning to make electric vehicles more affordable for their users. Mexico, a major car manufacturer, will now be looking to cut sales taxes and import tariffs.

    Recently, the officials in Mexico are positive about turning half of the automotive production into electric by the end of the decade. Though, skepticism surrounds the claim as experts believe that only 15% can be achieved.

    Also Read: Sun Mobility to increase motor electric vehicle charging infrastructure by three times. – EV World News