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Exclusive: Investment in India's EV sector can boost both climate and wealth

In response to the looming crisis of global warming, the Automotive industry across the globe is driving a paradigm shift towards electric mobility. ....

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Matter bets on Indian EV market, targets $1 bn turnover by 2025

Matter bets on Indian EV market, targets $1 bn turnover by 2025
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Last Updated: Feb 21, 2021, 11:13 AM IST
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Bullish on the growth of electric vehicles (EV) market in India, EV and energy storage technology startup, Matter expects to clock a turnover of USD 1 billion (over Rs 7,250 crore) by 2025, according to a top company official.
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Bullish on the growth of electric vehicles (EV) market in India, EV and energy storage technology startup, Matter expects to clock a turnover of USD 1 billion (over Rs 7,250 crore) by 2025, according to a top company official.
The Ahmedabad-based company, which has so far invested USD 3 million (over Rs 20 crore), will be launching its lithium-ion batteries for solar and renewable management by April, which will be followed by its first electric motorcycle closer to Diwali this year. ....

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Electric vehicles' global sales jump 39% in 2020, 3.1 million units sold

Electric vehicles global sales jump 39% in 2020, 3.1 million units sold
Approximately 1.3 million EVs were sold in both China and Europe in 2020, four times the EV sales in the US
Nidhi Singal | February 9, 2021 | Updated 12:31 IST
Research firm Canalys forecasts the number to climb in the coming years with 30 million EVs to be sold in 2028.
Amidst a decline in the sales of the passenger car market in 2020, electric vehicles (EVs) have shown signs of growth. The global sales of EVs in 2020 increased by 39 per cent year on year to 3.1 million units, where the total passenger car market declined 14 per cent. Research firm Canalys forecasts the number to climb in the coming years with 30 million EVs to be sold in 2028. EVs are also expected to represent nearly half of all passenger cars sold globally by 2030. ....

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