Electricity Price Cut

Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs.

Ola Electric, India's largest electric scooter maker, reduced the price of its cheapest variant by 12.5%, it said on Monday, as the loss-making company tries to boost sales after the government reduced subsidies.

Tata Motors has announced a price cut of up to 120,000 rupees (~$1,450). The price cuts of up to 8 percent are the first such by an electric carmaker in the country. Currently electric vehicles form just 2 percent of car sales in India, as buyers are wary about the higher upfront costs despite lower running costs and as range anxiety persists.

Volkswagen-owned Audi's India unit said on Friday that any potential cut down on electric vehicle (EV) import taxes would help the German carmaker experiment better with models and pricing in the world's third-largest car market.

Renault on Monday outlined its plans to overhaul its software architecture for future vehicles to bring them on par with industry leader Tesla by 2026. The French carmaker is looking to include just 20 processors on board to operate its vehicles, down from the currently required 100 processors. It will also allow Renault to make updates remotely, w...

Bernard Arnault, the world's richest person, is solidifying his lead over second-ranked Elon Musk. The luxury tycoon is selling more expensive goods, while the Tesla Inc. founder cuts prices on electric vehicles.

Used electric vehicle sales in the United States rose 32 percent in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday. The group said the average retail listing prices for used EVs was around $43,400 (nearly Rs. 35 lakh), down 4 percent from the same quarter last year and significantly below the average new...

Tesla is said to run a reduced production schedule at its Shanghai plant in January, extending the reduced output it began this month into next year, according to a report. Tesla will reportedly run production for 17 days in January between January 3 to 19 and will stop electric vehicle output from January 20 to 31 for an extended break for Chinese...

A greenhouse near Amsterdam is using solar energy to mine Bitcoin, while using the heat generated from the miners to grow tulips. The system helps cut the reliance on gas, as prices increased after Russia's invasion of Ukraine. The greenhouse is also selling tulips online for bitcoin via a business called Bitcoinbloem.

Tech giant Apple has cut back on its plans for a fully autonomous self-driving vehicle without a steering wheel and pedals and will now stick to a more traditional vehicle design that only supports self-driving on highways. The Apple car’s launch has also said to have been delayed by a year to 2026.

Tesla is said to have planned to start mass production of its much-awaited Tesla Cybertruck by the end of 2023. A gradual ramp in the second half of 2024 to full output for the sharp-angled electric truck would mean that Tesla would not be recording revenue until early 2024 for a full-quarter of production on the highly-anticipated pickup truck, wh...

The French government urged citizens on Wednesday to make the effort to save energy in the face of record high oil and gas prices, including by cutting wifi routers when heading off on holiday.

Hero Lectro, the electric cycles brand of Hero Cycles Ltd, on Monday said the prices of its five products will be reduced by up to Rs 15,000 in Delhi, following the inclusion of e-cycles to be eligible for subsidy and tax exemption under the EV policy.

Kosovo introduced a ban on cryptocurrency mining in an attempt to curb electricity consumption as the country faces the worst energy crisis in a decade due to production outages.

Toyota disclosed the driving range and other specifications of its bZ4X sport utility vehicle (SUV), the first in a series of EV-only models it plans to launch globally to catch up in the zero-emissions market.

Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs.

Ola Electric, India's largest electric scooter maker, reduced the price of its cheapest variant by 12.5%, it said on Monday, as the loss-making company tries to boost sales after the government reduced subsidies.

Tata Motors has announced a price cut of up to 120,000 rupees (~$1,450). The price cuts of up to 8 percent are the first such by an electric carmaker in the country. Currently electric vehicles form just 2 percent of car sales in India, as buyers are wary about the higher upfront costs despite lower running costs and as range anxiety persists.

Volkswagen-owned Audi's India unit said on Friday that any potential cut down on electric vehicle (EV) import taxes would help the German carmaker experiment better with models and pricing in the world's third-largest car market.

Renault on Monday outlined its plans to overhaul its software architecture for future vehicles to bring them on par with industry leader Tesla by 2026. The French carmaker is looking to include just 20 processors on board to operate its vehicles, down from the currently required 100 processors. It will also allow Renault to make updates remotely, w...

Bernard Arnault, the world's richest person, is solidifying his lead over second-ranked Elon Musk. The luxury tycoon is selling more expensive goods, while the Tesla Inc. founder cuts prices on electric vehicles.

Used electric vehicle sales in the United States rose 32 percent in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday. The group said the average retail listing prices for used EVs was around $43,400 (nearly Rs. 35 lakh), down 4 percent from the same quarter last year and significantly below the average new...

Tesla is said to run a reduced production schedule at its Shanghai plant in January, extending the reduced output it began this month into next year, according to a report. Tesla will reportedly run production for 17 days in January between January 3 to 19 and will stop electric vehicle output from January 20 to 31 for an extended break for Chinese...

A greenhouse near Amsterdam is using solar energy to mine Bitcoin, while using the heat generated from the miners to grow tulips. The system helps cut the reliance on gas, as prices increased after Russia's invasion of Ukraine. The greenhouse is also selling tulips online for bitcoin via a business called Bitcoinbloem.

Tech giant Apple has cut back on its plans for a fully autonomous self-driving vehicle without a steering wheel and pedals and will now stick to a more traditional vehicle design that only supports self-driving on highways. The Apple car’s launch has also said to have been delayed by a year to 2026.

Tesla is said to have planned to start mass production of its much-awaited Tesla Cybertruck by the end of 2023. A gradual ramp in the second half of 2024 to full output for the sharp-angled electric truck would mean that Tesla would not be recording revenue until early 2024 for a full-quarter of production on the highly-anticipated pickup truck, wh...

The French government urged citizens on Wednesday to make the effort to save energy in the face of record high oil and gas prices, including by cutting wifi routers when heading off on holiday.

Hero Lectro, the electric cycles brand of Hero Cycles Ltd, on Monday said the prices of its five products will be reduced by up to Rs 15,000 in Delhi, following the inclusion of e-cycles to be eligible for subsidy and tax exemption under the EV policy.

Kosovo introduced a ban on cryptocurrency mining in an attempt to curb electricity consumption as the country faces the worst energy crisis in a decade due to production outages.

Toyota disclosed the driving range and other specifications of its bZ4X sport utility vehicle (SUV), the first in a series of EV-only models it plans to launch globally to catch up in the zero-emissions market.