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BEV in India: The Decisive Moment

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“ The inflection point of EV is now here! Venkat Rajaraman, CEO of Cygni Energy, said in a presentation at the 2nd Annual E-Mobility India Forum at Messe Frankfurt late last month. The Indian battery electric vehicle (BEV) market is clearly developing from the bottom up, with rapid adoption by two-wheeler buyers (despite various fire incidents linked to electric two-wheelers). Changes in consumer attitudes towards electric two-wheelers are greatly influenced by the incentives offered under the FAME II scheme. However, the FAME II scheme is scheduled to expire on 31 March 2024. Also, the government is unlikely to extend this scheme twice his. It has been extended for two years in June 2021. Therefore, without incentives for buyers, electric two-wheeler sales are expected to slow somewhat. Still, the electric two-wheeler market serves as a starting point for the electrified passenger vehicle (PV) segment. The rationale is that as an electric two-wheeler buyer moves up the economic la

Affordable Electric Vehicles Don’t Get Cheaper Than This $200 Dodge Challenger EV

iRerts offers 3 colors black, white and blue plus police livery. Ride-on toys are surprisingly realistic for the price. Equipped with headlights, wheels, driver’s seat, steering wheel, etc. reminiscent of the full-scale Challenger. Power is supplied by two He 25 Watt electric motors (0.03 hp each) powered by a 12 Volt rechargeable battery. It takes about 5-8 hours to charge and about 1-2 hours play time. Older children can use the pedals and steering wheel to drive the Challenger. Alternatively, the parent can take over via remote control. Just like the real Challenger, the one-touch start/stop button turns the vehicle on and off. https://ift.tt/FqPRLs8 Affordable Electric Vehicles Don’t Get Cheaper Than This $200 Dodge Challenger EV The post Affordable Electric Vehicles Don’t Get Cheaper Than This $200 Dodge Challenger EV appeared first on Autobala.com . Auto Updates

2023 Kia Niro EV starts at $40,000 and loses $7,500 federal tax credit

Second generation 2023 Kia Niro EV The base price is $40,745, which is only $360 more. its predecessor . Unlike the first generation, the new electric Niro is not eligible for the $7,500 federal EV tax credit due to new government legislation. Joining the base-level wind trim is the $45,745 Wave model. Both launch this month and will be available in all 50 states. With a starting price of $40,745, the redesigned 2023 Kia Niro EV is only $360 more than its predecessor. That’s good news. The bad news is that the electric Niro is no longer eligible for the $7,500 EV tax credit from the US government. Niro EV lost kickbacks as a result of the Biden administration. Inflation control law This makes EVs manufactured outside of North America exempt from the federal tax credit. This means other electric vehicles that Kia assembles overseas. New EV6 , are also excluded. So do other automakers. In addition to the entry-level Wind, the Niro EV lineup includes a more sophisticated Wave mod

Ouster’s new lidar doubles the range of previous sensors

Ouster Inc. has announced a series of digital lidar sensors that use a new chip and offer twice the range of the previous generation. The San Francisco company says its REV7 sensor has a maximum range of over 400 yards and can detect objects up to 400 meters away. This distance is achieved using the company’s new proprietary L3 chip, which can compute about 10 trillion photons per second. Ouster CEO Angus Pacala said: car news . This puts the REV7 sensor on par with self-driving car developers’ lidar sensors. Algo AI , also has a range of about 400 yards. However, he is below the range of AEye’s lidar, detecting vehicles more than half a mile away. in independent testing . backward compatibility Howard Abbey, senior analyst at technology research firm SBD Automotive, said that in addition to the improved range, the Ouster lidar sensor’s backward compatibility makes it unique and competitive. Ouster customers can upgrade their sensors with the REV5 lidar, which is available in t

Kia’s Niro EV gets a price cut on top-end trim.

The entry trim called Wind is priced at $40,745. This sits between the previous-generation base Niro EV S ($40,385) and his mid-level Niro EV EX ($41,285). Given that many automakers are raising the suggested retail prices of their EVs, the lack of price increases will help keep the Niro EV competitive against domestically-made EVs that currently qualify for $7,500. . federal tax credit The Niro EV is imported from South Korea. The latest Niro EV package is much more balanced than its predecessor. Range is an additional 14 miles, bringing the total to 253 miles, and it rides on a new platform with larger dimensions, including a 107.1-inch wheelbase that pushes the overall length to 174 inches. Cargo capacity behind the rear seats is now 22.8 cubic feet. Kia’s full suite of advanced driver safety technologies comes standard on all Niro variants. This package includes Lane Keeping and Following Assist, Blind Spot Warning, Rear Traffic Collision Avoidance, Driver Attention Warning, an

Foxconn reportedly has plans to build a Tesla EV in the future

San Francisco: Liu Young-way, chairman of Apple supplier Foxconn, said the company is looking at making electric vehicles (EVs) as a new frontier and hopes to eventually build EVs for Tesla. I was. Youngway said he wants to replicate the level of success the company has had in making consumer gadgets in building EVs for automakers, TechCrunch reports. Tesla will deliver the semi truck to Pepsi by December 1, 2022.Elon Musk says . He even said he hopes Foxconn will one day build a car for Tesla, the report said. In the US, the company is already working with Lordstown Motors and Fisker to produce EVs on their behalf. It’s also partnering with Taiwanese automaker Yulon Group to build the electric SUV Model C, which was first unveiled at Foxconn’s Tech Day last year. Tesla now has 160,000 customers running FSD beta software, says Elon Musk . The company also unveiled two electric vehicle concepts at the 3rd annual Hon Hai Tech Day, aiming to diversify its business and enter the autom

Evaluating Lending Software Fundamentals in a Challenging Market

In recent years, the auto loan industry has adapted and weathered serious challenges to overcome issues such as stay-at-home orders and inventory shortages. The market is currently facing labor shortages, rising fuel costs, inflation and soaring interest rates, all of which have a constant impact on sales. This is an industry that has proven to be resilient, in large part due to the increased adoption of automation. The sustainability of the industry is even more remarkable given the pace of change. Many lenders adopted new technology and business practices as quickly as possible. Few had the luxury of introspection or long-term study. As we continue to grapple with talent shortages, tight budgets and a possible economic slowdown, lenders are going back to basics and really providing the features that keep their software competitive and efficient as the market continues to evolve. It is important to check whether State-of-the-art lending solutions increase efficiency, enable lenders