Valuations of charging companies, much like electric-vehicle makers, crashed from lofty heights as broader electrification failed to take off in the past couple of years. Electric-vehicle charger operator EVCS is looking to raise USD 125 million, according to a document seen by Reuters, as it races to expand its network of fast chargers eightfold by…
The government successfully hosted Odisha4Silicon-2023, a pioneering initiative to build a robust semiconductor ecosystem in the region. The Odisha government has signed MoUs with three entities to build an ecosystem for the manufacturing of semiconductors, officials said on Thursday. The government inked the three memoranda of understanding with India Electronic and Semiconductor Association (IESA), global…
Godinho said, “We are gearing up to introduce electric buses in Panaji and the periphery areas under KTC shortly after the National Games conclude.” The state government is planning to introduce electric buses in Panaji and surrounding areas. Minister for transport, Mauvin Godinho announced the initiative on Tuesday during the 43rd anniversary celebrations of the…
Toyota has showed a whole bunch of EV concepts over the past two years, but the reality is its showrooms desperately need more electric cars. The automaker only sells a handful of battery-electric vehicles globally at the moment: the bZ4X SUV, the China-exclusive bZ3 sedan, and the Lexus RZ and UX 300e. But a fourth one…
Tesla has updated its Model 3’s ordering website for the United States, pointing out a potential change in the federal tax credit. As of today, all versions of the Tesla Model 3 and Tesla Model Y qualify for the $7,500 federal tax credit under the Inflation Reduction Act of 2022 (IRA). The Model S and Model…
Despite remarkable growth in recent years, electric vehicles remain an unknown quantity for most car buyers in the United States. The explanation for that is that battery-electric cars make up a small portion of the U.S. new car market – 5.6 percent in 2022 (and that was the best year ever for EVs). But as…
Tesla has uploaded a new video demonstration of the newest Full Self-Driving Beta software recorded on the streets of Austin, Texas. The five-minute long video posted on Tesla’s official X (formerly Twitter) account aims to show how FSD uses “vision neural networks to perceive & understand the world, just like humans do.” You may recall…
Volvo believes an electric minivan could be the future of luxury vehicles—in some markets at least. The automaker on Saturday fully revealed the all-electric EM90 and confirmed the opening of pre-orders in China. Volvo confirmed Chinese sales when it first announced the EM90 in August, and didn’t discuss other markets in this latest announcement. While…
Skoda is introducing a significant package of engineering, design and specification enhancements for the 2024 model year Enyaq. Thanks to the updates, Skoda’s all-electric SUV is set to deliver more performance, faster charging, higher equipment levels and a longer range – further reinforcing its reputation as one of the best all-rounders in its sector. To reflect the…
Kia Corporation has today unveiled three new small- to medium-sized electric models at the brand’s first annual Kia EV Day in Korea, reaffirming its ambitious global strategy to lead and accelerate the ‘EV revolution’. During the event, the brand presented its vision of ‘EVs for all’ and strategy to significantly and rapidly expand its EV…
