Maskot | Maskot | Getty Images The bulk of Americans buying qualifying new electric vehicles are opting to receive an associated tax credit upfront from the car dealer instead of waiting until tax season, according to new Treasury Department data. About 90% of consumers who qualify for a “new clean vehicle” tax credit — … Read more
Creating a sustainable future demands the collective effort and collaboration of various stakeholders across sectors. While commercial commuter and passenger vehicles always face the eye of the storm from environmentalists who constantly call for cleaner energy, many industries need to align their practices and operations to the clean energy movement for sustainability and better outcomes; … Read more
The electric two-wheeler vehicle sales are nearing the one million mark with FY2023-2024 recording 8.51 lakh electric two-wheeler registrations in India. Also read: Two-wheeler inventory level drops in CY24 According to Vahan data, which tracks vehicle registrations in the country, in FY2022-2023, 7,25,297 electric two-wheelers were registered as compared to only 2,50,219 electric two-wheelers registered … Read more
Lead prices will likely rise in the long-term as the market has begun to tighten with China slowing exports of refined lead. In addition, a drop in supply of lead concentrates and a cut in battery scrap have affected the metal’s availability, say analysts. “We have maintained our lead price forecast for 2024 at $2,200/tonne, … Read more
New Delhi, Feb 9 The government reduced the electric vehicle (EV) subsidy for electric two-wheelers (e-2Ws) to 15 per cent of the ex-factory price from 40 per cent under the Faster Adoption & Manufacturing of Electric Vehicles (FAME) India scheme phase-II, keeping in mind the increasing penetration of the EV market. “This was implemented after … Read more