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EV Sales in India Jump 53% in July to 179,000 Units, EMPS revs up 2- and 3-wheeler Demand India Industry Forecast Despite poor infra, electric vehicle sales on the rise India Industry Forecast EV Sales at 842,000 Units in H1 2024 grow 16% but June Numbers Lowest in 12 Months Chin...
Approximately 14 million electric car vehicles were sold across the world in 2023, in which it made up 18% of total car sales, up from 14% in 2022.
According to data from VAHAN, India’s electric two-wheeler market experienced a notable surge in sales in the third quarter of FY 2023-24 (Q3 FY 24) compared to the previous quarter (Q2 FY 24), with a 34.42 percent increase. This uptick is also reflected by the robust sa...
value-added tax and luxury sales tax will continue until the end of 2024, while import tariff exemption will last until the end of 2025. Purchase subsidies for electric motorcycles with the Domestic Component Level (TKDN) of over 40% will also be provided in 2024 until the budget is used ...
A fifth of Hyundai’s global sales comes from India,Bloombergsaid in a recent report. The emerging nation falls among the South Korean automaker’s top three revenue markets. At present, thepre-facelift Hyundai Ioniq 5is the brand’s only EV on sale in India. Thefacelifted Hyundai Ioniq 5...
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FDI in Transport, EV sales and Governance in India: Probing Co-integration Through VECM Modeldoi:10.1007/s40890-024-00215-zFDITransport InfrastructureGovernment policiesElectric vehicles (EVs)Mobility FrameworkVECM modelIndia's transport sector is constantly evolving, owing to rapid urbanization, increased...
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However, due in part to vehicle launch delays caused by battery supply shortages and some recalls, the expansion of EV production and sales has been slow, and the ratio of BEVs to total sales has reached a plateau.From the second half of 2023, there have been a number of announcements ...