With VF6 and VF7, Vietnam’s VinFast to be a serious player in India’s EV market

Vietnamese electric vehicle (EV) manufacturer VinFast is ready to begin production at its Thoothukudi plant in Tamil Nadu from Monday (August 4) and is set to become a serious player in India’s EV market.

This will be India’s first dedicated EV manufacturing facility set up by a foreign company.

Tesla launches Model Y in India at Rs 60 lakh, much higher than global prices

Tesla has officially entered the Indian market with the launch of its electric SUV, the Model Y, at a starting price of Rs 59.89 lakh (ex-showroom) (Rs 5.98 million), a price tag significantly higher than the global markets.

This is owing to the heavy import duties and logistical costs.

Kia Carens Clavis EV | India’s first midsize electric MPV set for launch tomorrow

Kia India is gearing up to launch the Kia Carens Clavis electric vehicle (EV), its first all-electric midsize multipurpose vehicle (MPV), with official pricing to be announced tomorrow.

 

This model is based on the recently-updated Carens internal combustion engine (ICE) version but brings several electric-specific upgrades and a bold new design.

Tesla faces declining sales amid strategic shift towards autonomous vehicles

Tesla’s vehicle sales have continued to decline for the second straight quarter, sparking concerns about the company’s ability to maintain growth in an increasingly competitive electric vehicle (EV) market, even though its shift towards autonomous vehicles is being seen as a positive move.

Despite the drop in deliveries, Tesla’s share price has seen a rise. This signals that investors are banking on the company’s future in autonomous driving technology.

Global oil market prices on brink of major fall by 2030 because of inroads by EVs, renewable energy

Global oil market prices are on the brink of major fall by 2030, because of the inroads made by electric vehicles (EV) and growing renewable energy use.

 

As EVs, renewable energy, and shifting global trade patterns influence demand, oil supply is expected to outpace consumption in five years.