Tag Archives: Electric Vehicles

Billionaire tech mogul Elon Musk, known for his ambitious ventures ranging from electric vehicles to space exploration, has responded to TIME magazine’s December edition, which featured a headline asking, “What’s next on his to-do list?” The magazine’s cover photo of Musk displayed a checklist of major accomplishments and future aspirations, including goals like “Become richest man,” “Buy Twitter,” “Launch rocket,” “Fly to Mars,” and “Implant human brain chip.” However, the list also included unchecked items like “Slash $2 trillion” and “Fly to Mars.”

Ola Electric, the electric vehicle (EV) company led by Bhavish Aggarwal, has announced plans to lay off at least 500 employees as part of a significant restructuring initiative aimed at improving operational efficiency and addressing mounting losses. The company, which has faced controversies, including a government probe and consumer complaints, is making the move to cut redundancies and streamline its workforce in an effort to drive profitability.

Tata Motors Ltd is preparing to break ground on a significant new manufacturing facility for Jaguar Land Rover (JLR) in Tamil Nadu. The ₹9,000 crore project, spanning over 400 acres of land near Panapakkam in Ranipet district, is slated to commence construction in September. The site, strategically located near the Chennai and Ennore ports, is set to become operational by late 2025 or early 2026.

India's Chief Scientist, Professor Ajay Kumar Sood, has unveiled a comprehensive roadmap aimed at propelling India to the forefront of the global electric vehicle (EV) revolution. Highlighting the urgent need for investment in research and development (R&D), Professor Sood asserted that a ₹1,200 crore infusion could pave the way for significant advancements in e-mobility within the next five years.

In a significant development for Maharashtra's automotive sector, Ather Energy, a prominent electric scooter manufacturer, has announced plans to establish its third manufacturing facility in the state. Deputy Chief Minister Devendra Fadnavis revealed the decision, emphasizing the strategic choice of Aurangabad Industrial City (AURIC) for this substantial investment.

The Dubai Police General Command has recently announced the addition of the all-electric Tesla Cybertruck to its tourist police luxury patrol fleet. The Cybertruck, known for its futuristic design and cutting-edge technology, will now patrol the streets of Dubai alongside the department's impressive collection of high-performance vehicles.

In a significant move aimed at ensuring fair competition and protecting American workers, President Joe Biden has imposed heavy tariffs on various Chinese imports, including electric vehicles (EVs), semiconductors, electric vehicle batteries, steel, solar cells, and aluminum. The tariffs range from 25% to 100% and are part of a broader strategy to address what the administration views as unfair trade practices by China.

The Biden administration is set to announce significant tariffs on a range of Chinese imports, encompassing electric vehicles (EVs), semiconductors, solar equipment, and medical supplies. According to sources familiar with the plan, these tariffs are part of a broader strategy aimed at addressing concerns over China's manufacturing practices, particularly in areas of overcapacity and potential threats to U.S. jobs and national security.

Tesla, led by tech mogul Elon Musk, is reportedly gearing up to lay off over 10% of its worldwide workforce, a move that could affect more than 14,000 employees. The decision, aimed at streamlining operations and reducing duplication of roles, comes amidst a period of rapid growth for the electric vehicle maker.

Elon Musk, the CEO of Tesla, has emphasized the significance of India's transition to electric vehicles (EVs) by stating that it's a "natural progression" for Tesla to provide electric cars in India, just like in other countries. This statement comes amid Tesla's strategic plans to establish a manufacturing presence in India and contribute to the country's burgeoning electric mobility landscape.