Global EV adoption slows as subsidies end, charging network lags
Automakers that set the most ambitious electrification plans had to lower their targets, says Moody's.
Automakers that set the most ambitious electrification plans had to lower their targets, says Moody's.
Moody's says the global car industry will hit the past peak of 95 million vehicles by 2026.
Hybrid is not really the technology for the future that EV is, says Mahindra Group CEO Anish Shah
43.7 lakh EVs plus hybrid vehicles registered in India, just 1.22% of total vehicles in the country, which is far below the global average
The current trend of hybrid cars outselling electric vehicles in India is likely to continue in the short term, say experts
Despite over 30 lakh EVs plying on the roads, India hasn't yet decided the charging standards it must follow.
Amongst the total EV sales, electric two-wheelers sales stood the highest at 62%. The electric two-wheeler manufacturers sold 7,26,976 units in FY23.
Easing chip shortage globally has helped Indian companies like Maruti Suzuki and Tata Motors post record sales in 2022.
Around 16 million electric cars are on the road worldwide, consuming 30 TWh of electricity per year, equivalent to all the electricity generated in Ireland.
With this policy, Maharashtra aims to have 3 lakh electric vehicles a year by 2025, and has announced that starting April 2022, all new vehicles in the government fleet will be electric-only.