Electric Cars News

The lease program will require customers to opt in for a service expected to bring monthly lease payments down by 10%, Toyota's leasing affiliate said.

VinFast, which began operations in 2019, is gearing up to expand in the U.S. market, where it hopes to compete with legacy automakers and startups with its two all-electric SUVs, the VF8 and VF9, including battery leasing to reduce the purchase price.

The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received.

The Indian auto industry sold 48,179 EVs in Financial Year 2020-21, which increased 5-folds in FY 2021-22 to 2,37,811 units. In comparison, just the year-to-date (YTD) sale of electric vehicles in FY 2022-23 stands at 4,42,901 units, witnessing over 9x growth as against FY2021.

Speaking with car&bike on the sidelines of the media drive for Tiago EV, Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Limited said that the company is well on track to launch 10 electric vehicles over the next 5 years.

For 2023, Hyundai Motor Company has completely revamped the design of the car and added new features to its exhaustive equipment list.

Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck.

Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.