Tag: electric
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Vinfast to build integrated electric vehicle facility in Tamil Nadu with total investment of $2 billion
Vietnamese electric vehicle (EV) manufacturer VinFast on Saturday said it will work towards building an integrated EV facility in the state with a total investment of up to $2 billion. The company, in a statement said that it has committed $500 million for the first phase of the project and that the total outlay will…
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Treasury: Nearly 9,000 auto dealers have registered for electric vehicle tax credit
More than 1,000 additional auto dealers have registered for the point-of-sale electric vehicle tax credit since it became available Jan. 1, the Treasury Department confirmed Friday morning. Treasury officials told reporters that as of Friday, more than 8,700 dealers had registered for the credit, up from the 7,400 announced in late December. Alterations to the…
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Battery-swapping startup Sun Mobility to power 30,000 electric scooters for Bounce Infinity
Electric vehicles energy infrastructure and services provider Sun Mobility on Thursday said it will power and deploy 30,000 scooters of Bengaluru-based startup Bounce Infinity across key markets.These markets – including Bengaluru and Hyderabad, Mumbai, Pune and Delhi – will see Sun Mobility generate business under both its battery-as-a-service and mobility-as-a-service models. Elevate Your Tech Prowess…