EV Startup: Vidyut, a full-stack EV ecosystem startup, has raised $10 million in a Series A round. The startup aims at facilitating easier EV ownership for small and large businesses by offering solutions such as EV insurance, lifecycle management and EV resale.
Easier rules around power and land usage, as well as specific subsidies for fast-charging infrastructure, could encourage setting up of these facilities and adoption of EVs, senior executives in the EV industry said.
US Auto Retailers: Higher vehicle production, which has eased supply, has also trimmed dealer margins, auto retail chain executives said this week. This is in contrast to high prices that auto dealers commanded over the past few years, taking advantage of strong demand for new vehicles and short supplies of popular models due to supply chain bottlenecks.
EV Adoption: Kerala s surprising surge in demand for electric vehicles has left automakers puzzled. Despite representing only about 4% of India s total passenger vehicle sales, Kerala ranks second in electric car adoption, closely behind Maharashtra. Factors such as heightened consumer awareness, reduced operational costs, and improved charging infrastructure have propelled sales in states like Kerala, Karnataka, and Gujarat.