Honda unveils EV pivot: $65 bn spend, seven new models using F1-developed technology by 2030

Honda announced it will double its investment in EVs to $65 billion and launch seven new electric models by 2030, as the Japanese company moves to catch up with industry biggies su...

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Stellantis JV to launch Leapmotor EVs in nine European countries from September

Stellantis announced a joint venture with the Chinese electric vehicle startup Leapmotor to retail EVs outside China. The venture, dubbed Leapmotor International, will be headquart...

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UK 'most suitable' market for EV transition in Europe: Geotab

Connected transportation and telematics solutions firm Geotab Inc. has claimed that two-thirds of cars and vans operated by private and public sector organizations&n...

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Has India's new EV policy piqued Tesla's interest? Musk is coming to meet Modi

Image: Tesla

India's new EV manufacturing policy is likely to pay a quick dividend. Elon Musk announced that he would be visiting the country to meet Prime Minister Narendra Modi. "Looking forw...

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IKEA Foundation supports EV transition in emerging markets with $100 million grant

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IKEA Foundation on Tuesday (March) announced a new initiative for backing zero-emission road transportation in emerging markets with an investment of $100 million over four ye...

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US unveils strictest car emission norms to boost EV offtake

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US President Joe Biden announced the country's strictest vehicle exhaust emissions regulations as part of attempts to accelerate the transition to electric vehicles. The new norms ...

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TVS Motor Company's Singapore arm increases stake in Germany’s Killwatt GmbH to 49 percent

Leading two-wheeler and three-wheeler manufacturer globally, TVS Motor Company's Singapore-based arm has acquired an additional 8,000 equity shares for €4 million in Killwatt GmbH,...

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US DoE announces $710 mn in loans to EV tech makers

Image: US Department of Energy

The US Department of Energy announced it has issued preliminary approval for nearly $710 million in loans to companies manufacturing electric vehicle (EV) components. The lion's sh...

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Stellantis to invest €103 mn to support new EV platform

Image: Stellantis

Stellantis announced it would invest €103 million to increase production capacity of electric drive modules (EDMs) at its Szentgotthard plant, Hungary. The new capacity is expected...

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GODI plans 12.5 Gwh cell factory in Telangana

Image: GODI

GODI India Private Ltd has signed an MoU with Telangana to set up a 12.5 GWh cell manufacturing facility with an investment of ₹8,000 crore, the parties announced. The agreement wa...

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China's revised NEV purchase tax policy comes into effect

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China's revised taxation policy for the purchase of new energy vehicles (NEVs) has come into effect from the start of this year. The current taxation scheme has replaced the t...

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BluSmart raises $24 million in equity round to expand EV ride-hailing services

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Indian EV ride-hailing and charging infra service provider BluSmart Mobility has announced a fresh round of funding worth $24 million in a fresh round of equity from exis...

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30x30 Initiative: Ford Pro, Xcel Energy bring EV charging solutions for business fleets

Ford Pro, the commercial division within Ford Motor Co. and American utility, Xcel Energy have launched a new 30x30 initiative that aims to install 30,000 electric v...

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Scania and sennder's new JV looks to drive electric truck adoption in Europe

Swedish heavy-duty transport solutions provider, Scania AB, along with digital road-freight forwarder, sennder, have joined forces to launch a new joint venture to drive large-scal...

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