ELECTRIC VEHICLES

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• PHF Leasing widens EV loan portfolio

  Offers loans for electric cargo vehicles in L5 category, E2Ws and used e-rickshaws.

  

• Consumers bend the road: No straight drive from ICE to electric

  The transition from internal combustion engine (ICE) vehicles to electric vehicles (EVs) faces challenges as consumers show a preference for hybrids and CNG vehicles over pure EVs. Maruti Suzuki expects significant growth in CNG car sales, signaling a shift towards alternative fuel technologies alongside traditional options.

  

• How do sodium-ion batteries charge within seconds

  Scientists at KAIST have developed a groundbreaking sodium-ion battery that charges within seconds, revolutionizing energy storage. By combining anode and cathode materials, they created a hybrid system with high energy density and rapid charging. This innovation addresses limitations of current batteries and opens possibilities for EVs and other applications. With its environmental benefits and broad potential, this technology promises to drive innovation and sustainability in energy storage for the future.

  

• Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry

  The Seagull, a low-priced electric car by BYD, poses a threat to American automakers. Chinese EVs face tariffs in the U.S., prompting concerns about the impact on the auto industry and the need for adaptation and competition.

  

• New Biden tariffs on China's EVs, solar, medical supplies due Tuesday - sources

  The full announcement, expected Tuesday, will maintain existing tariffs on many Chinese goods set by former President Donald Trump, according to one of the people. But it will also add new tariffs to semiconductors and solar equipment, according to one of the people, as well as hiking EV tariffs. Chinese-made medical supplies like syringes and personal protective equipment also face additional tariffs, sources told Reuters.

  

• Sterling Tools changes leadership roles to drive innovations, focus on new verticals

  According to the company, Anil Aggarwal is Chairman and Whole Time Director; Atul Aggarwal is Managing Director, and Akhill Aggarwal is Whole Time Director.

  

• Biofuels- paving the way for low carbon future in mobility

  As part of our series, ‘The Alternatives in Propulsion Technology’, wherein we delve deeper into the spectrum of alternatives, namely Hydrogen-ICE, FCEV, CNG, Ethanol-Methanol, Hybrid systems, and BEVs, this article will focus on biofuels, one of the more easily accessible pathway for emission reduction and understand how they can play a key role in the country’s sustainable mobility transition.

  

• US set to impose tariffs on China EVs and other strategic sectors, Bloomberg reports

  The full announcement, scheduled for Tuesday, is also expected to largely maintaining existing levies, the report said, citing people familiar with the matter.

  

• TVS Motor Co expects 25-30% of 2-wheeler sales to come from EVs: MD Sudarshan Venu

  TVS Motor Company is expecting electric vehicles (EVs) to account for 25-30% of its total two-wheeler sales in the next two to three years, according to Managing Director Sudarshan Venu. The company plans to invest INR 5,000 crore in the design, development, and deployment of future technologies, products, and digital capabilities. In FY24, EV sales grew by 101%, reaching 1.94 lakh units. TVS plans to introduce another electric scooter this year, and its EV presence will be across both scooters and motorcycle segments.

  

• South Korea welcomes US decision to extend use of Chinese graphite in EVs

  The US is trying to wean the electric vehicle battery chain away from China through its Inflation Reduction Act which is being closely monitored by automakers as they make investment decisions.

  

• Mercedes retreats to gas guzzlers as EVs fail to boost profit

  Mercedes-Benz Group AG is adjusting its electric-vehicle goals due to weakening sales, opting for combustion engines longer. CEO Ola Källenius cites slower transformation, pledging to make combustion and hybrid vehicles into the 2030s if demand persists. Disappointing electric model orders and lower margins prompt the shift, reflecting wider industry challenges.