Auto Industry News

Oil prices climbed more than $2 a barrel after producer group OPEC+ said it could review its policy to hike output at short notice if a rising number of pandemic lockdowns chokes off demand.

Union Minister of Heavy Industries Mahendra Nath Pandey said that the Automotive research and development body is developing fast chargers for EVs to address the issue of charging infrastructure, and will boost demand for battery-driven vehicles.

The proposed $12,500 electric vehicle tax credit would include $4,500 for EVs built in the United States by union workers, effective after 2027.

Papers filed in August with India's markets regulator seeking approval for its listing show the dealer plans to raise $20 million by issuing new shares.

Ford's optimism stems from increasing demand for its next new EV, the Ford F-150 Lightning pickup, with retail reservations approaching 200,000, said Lisa Drake, chief operating officer of Ford North America.

The Centre will shortly take a final decision on Tesla's proposal to lower import duties on electric vehicles, said Niti Aayog CEO Amitabh Kant.

The primary objective of the Goa Electric Mobility Promotion Policy 2021 is to promote the usage of electric vehicles (EVs) and job employment in the state of Goa, said Goa CM Pramod Sawant.

Plug-in Hybrid electric cars are still a dream for many of us Indians. An affordable alternative for the same is mild-hybrid technology. Let us have a look at the options we have.