BluSmart operates close to 6,000 EVs and has completed over 12 million all-electric trips, having covered 400 million all-electric kilometres.

The incentives package is designed to support companies in their transition towards net-zero emissions by offering special tax deductions to eligible entities.

About USD 30 billion worth of Nvidia shares were traded every day over the past 30 sessions, putting it ahead of Elon Musk’s EV maker.

Despite the lack of an immediate agreement, Toyota affirmed its commitment to further negotiations in the coming days.

The move underscores Indonesia’s commitment to transitioning towards cleaner and more sustainable modes of transportation while attracting investment in the EV sector.

While the vote is not binding, it poses an obstacle for the US EV maker’s plans to double the capacity of its German site.

This decision comes in response to concerns regarding the reliability and performance of the vehicles’ software systems.

CEO Carlos Tavares revealed this strategic move, aimed at competing with the rapidly growing Chinese EV market while offering competitively priced models to consumers.

Under the partnership, Renault will pass on a margin of INR 4,000 to BLS E-Services on every sale made to walk-in customers.

High cost of EVs has become a barrier to broader mass adoption, thus carmakers like Stellantis and Renault are trying to develop more affordable models.