The growth rate of new electric car registrations in Germany has slowed to 11.4% in 2023 from 30% the year before.
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French government halts subsidised electric vehicle lease program due to overwhelming demand, plans expansion amidst surge in interest
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Electric vehicles in North America accounted for 8.5% of Volkswagen’s total vehicle sales in January, up from just under 8% last year.
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Tesla reported almost USD 97 billion in revenue last year, equivalent to just under USD 690,000 for each of its over 140,000 employees.
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Euler Motors will manufacture the units at its production hub at Palwal, Haryana and deliver them within the next 18 months.
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Both the parties had signed a cooperative agreement last year on November 30 with an aim to establish a 50:50 joint venture in China.
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With more EVs being added to the global network of roads, newer long-term benefits and community trends are being uncovered.
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INDUSTRY NEWSLatest News
Biden vetoes legislation blocking “Buy America” waiver for EV charging stations
Owing to concerns about impeding domestic manufacturing and delaying progress in establishing the EV charging network President Biden vetoes legislation blocking the waiver.
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Tesla’s shares were down 6% in after-hours trading as Elon Musk noted that ramping up production of the new vehicle would be challenging.
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Tesla has already sent requests for quotes or invitation for bids for the new affordable model to its suppliers last year.