Increasing electric vehicle sales in recent years have prompted forecasters to revise their estimates for the global peak in oil consumption. Public subsidies and advancements in technology are aiding consumers in overcoming the occasionally high upfront costs associated with battery-powered cars, as noted by industry experts.
Tesla cars worth 25,000 euros (about $26,838) are planned to be built at a factory in Berlin, Germany, as per a source close to the international EV maker Tesla. According to autos research firm JATO Dynamics, the average retail price of an EV in Europe in the first half of 2023 was over 65,000 euros, compared to just over 31,000 euros in China.
Central to the recent rise of EVs is an ongoing competition between two battery technologies: solid-state batteries, which promise enhanced performance and safety, and traditional lithium-ion batteries, which have served as the workhorse of the EV industry.
India has recently launched the country's first indigenous fully-electric tractor, named CSIR-PRIMA ET11. The tractor was developed by India's state-owned Council for Scientific and Industrial Research and Central Mechanical Research Engineering Institute (CSIR-CMERI).
India has recently unveiled a prototype of the BS-6 (Stage-II) electrified flex-fuel vehicle, which is said to run on 100% ethanol. The vehicle, a made-in-India Toyota Innova Hycross, is developed by Toyota Kirloskar Motor, and contains both a fuel flexible engine and an electric powertrain.
Tesla Inc., the multinational electric vehicle company, is set to appear in court to defend against claims that the malfunction of their autopilot driver feature resulted in accidents that led to death.
Lamborghini has unveiled the Lanzador, an electric vehicle described as an 'Ultra-GT' at Monterey Car Week.
One of the most compelling reasons why electric vehicles are better for the environment is their significantly reduced greenhouse gas emissions compared to internal combustion engine (ICE) vehicles.