India is one of the fastest growing electric vehicle markets in the world, and more than 90% of India's 2.3 million EVs are the cheaper and more popular two- or three-wheelers. Policies to encourage sales, like a $1.3 billion federal government scheme, rising fuel costs over the past decade and consumers awareness of the long-term cost benefits are driving up sales.
BING NEWS:
- Average Age of Vehicles in the US Continues to Rise
The average age of cars and light-duty trucks in the U.S. has risen again to a new record of 12.6 years in 2024, up by two months over 2023. The average age increase shows signs of slowing as new ...
05/24/2024 - 6:10 am | View Link - How Xpeng’s Bet On Premium Vehicles And Services Is Paying Off
While Q1 results were better than expected, Xpeng’s stock has been a weak performer. Returns for the stock were 18% in 2021, -80% in 2022, and 47% in 2023. In comparison, returns for the S&P 500 have ...
05/24/2024 - 1:59 am | View Link - Average Age of Vehicles in U.S. Continues to Rise
A new report from S&P Global Mobility shows that the average age of vehicles on the road in the United States is up by two months compared to last year, bringing the average age to 12.6 years.
05/23/2024 - 5:20 am | View Link - US auto sales set to modestly rise in May, report shows
New vehicle sales in the United States are projected to rise in May from a year earlier, helped by demand for crossover SUVs and pickup trucks, according to a joint report by industry consultants J.D.
05/23/2024 - 1:04 am | View Link - The Rise of the Disposable Car
Salvage auction firms like Copart are benefiting from more vehicles being totaled, but auto owners risk a less pleasant outcome.
05/22/2024 - 7:03 pm | View Link - More
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