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The second phase of the FAME India scheme will be kicked off on September 7, 2018, by Prime Minister Narendra Modi, according to officials, as per a report by PTI. The scheme for Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) India was introduced in a bid to incentivise sales and manufacturing of electric vehicles in the country. Under Phase II of the initiative, the government has earmarked a budget of Rs. 5500 crore to be used over the next five years and will be used to provide subsidies to all types of electric vehicles.
FAME India II To Be Launched By PM Narendra Modi Next Month
Calender
Aug 26, 2018 09:53 PM
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The second phase of the FAME India scheme will be kicked off on September 7, 2018, by Prime Minister Narendra Modi, according to officials, as per a report by PTI. The scheme for Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) India was introduced in a bid to incentivise sales and manufacturing of electric vehicles in the country. Under Phase II of the initiative, the government has earmarked a budget of Rs. 5500 crore to be used over the next five years and will be used to provide subsidies to all types of electric vehicles.
Mercedes-Benz Reveals EQ Silver Arrow Concept At Pebble Beach
Mercedes-Benz Reveals EQ Silver Arrow Concept At Pebble Beach
calender
Aug 26, 2018 08:02 PM
Mercedes-Benz unveiled the EQ Silver Arrow show car at the Monterey Car Week. The one-seater EQ Silver Arrow pays homage to the successful record-breaking W 125 car from 1937. The streamlined silhouette of the 5.3-meter long and one-meter shallow one-seater vehicle looks absolutely gorgeous and futuristic.
Tesla CEO Elon Musk Confirms That The Company Will Remain Public
Tesla CEO Elon Musk Confirms That The Company Will Remain Public
calender
Aug 25, 2018 05:29 PM
Tesla CEO, Elon Musk has officially announced through his blog post that the company will continue to remain public. Elon Musk says that Tesla shareholders have convinced him to keep the company public.
Makers Of AK-47 Showcases New Electric Car 'CV-1', Plans To Take On Tesla
Makers Of AK-47 Showcases New Electric Car 'CV-1', Plans To Take On Tesla
calender
Aug 24, 2018 06:06 PM
Kalashnikov, the makers of the famous (or infamous) AK-47 Assault Rifle has just showcased a new electric car. Yes, you read that right. Called the CV-1, the 'supercar' as claimed by the machine gun maker was unveiled in Moscow yesterday. Based on the body of the IZh 21252 Kombi, a Soviet era station wagon from the 1970s, the new CV-1 plans to take on the gold standard in electric cars today - Tesla. But while the Model 3, the most affordable vehicle in Tesla range gets from 0-100 kmph in 3.5-seconds, the CV-1 takes a more relaxed 6-seconds to get the job done.
Ford Issues Recalls For Over 50,000 Electric Vehicles, Plug-In Hybrids In North America
Ford Issues Recalls For Over 50,000 Electric Vehicles, Plug-In Hybrids In North America
calender
Aug 24, 2018 01:21 AM
In two separate recalls issued at the same time, Ford has recalled over 50,000 electric and plug in hybrid vehicles over the risk of faulty components that may cause a fire. The first recall, affecting select 2012-15 Ford Focus Electric, 2013-15 Ford Fusion Energi and 2013-15 Ford C-MAX Energi vehicles is for 120-volt convenience charge cords. A total of 50,524 vehicles will be recalled due to a faulty 120-volt charge cable. The cable, when charging from a non-standard plug that has been installed specifically to charge an electric car can lead to overheating and can cause the plug area to go up in flames. The new cable will be equipped with a thermistor that can identify over-temperature conditions at the plug or outlet interface and will discontinue charging the car until the temperature stabilises again.
Volkswagen To Offer All-Electric Car-Sharing From 2019
Volkswagen To Offer All-Electric Car-Sharing From 2019
calender
Aug 23, 2018 11:30 PM
German auto giant Volkswagen said Thursday it would launch an all-electric car-sharing service in Berlin next year, hoping to show off new models and break into a fast-growing market.
FCA To Manufacture Key Components For Jeep Plug-In Hybrid At Ohio Plant
FCA To Manufacture Key Components For Jeep Plug-In Hybrid At Ohio Plant
calender
Aug 20, 2018 05:10 PM
The Jeep Wrangler PHEV is expected to launch in 2020 and will be one of more than 30 vehicle nameplates with electrified solutions by 2022.
Investors Query Funding Costs At A Private Tesla
Investors Query Funding Costs At A Private Tesla
calender
Aug 18, 2018 10:27 PM
Tesla Inc shareholders are concerned that the electric car maker will have to pay more to fund its growth if it becomes a private company and loses the ability to sell new shares to stock market investors.
Musk Confirms Saudi Sovereign Fund Wants To Pull Tesla Off Market
Musk Confirms Saudi Sovereign Fund Wants To Pull Tesla Off Market
calender
Aug 14, 2018 05:09 PM
Tesla Motors founder Elon Musk said on Monday that in late July he met with Saudi Arabia sovereign fund representatives to discuss the electric carmaker's possible exit from the stock market. Musk said in a statement posted on the Tesla Web site that the Saudi sovereign fund had first contacted him "at the beginning of 2017 to express (their) interest because of the important need to diversify away from oil.