Ford’s EV unit, which lost $3 billion should be seen as a startup says Ford.

Ford Motor Company ‘s electric vehicle unit has lost nearly $3 Billion is past two years and is due to lose some what same amount this year thanks to new technology investment. Although the company is confident that their EV Unit – “Model E” will turn profitable soon. Ford released their figures earlier and announced … Read more

Mahindra’s new EV unit to receive 600 crore investment from IFC group.

The World Bank Group arm IFC has invested Rs.600 crore in last-mile mobility(LMM) company, a subsidiary of of Mahindra & Mahindra, which will be newly incorporated (NewCo.). The NewCo will house three wheelers which are Alfa, Treo, Zor and four-wheeler like SCV (Jeeto). According to press release, “IFC’s first investment in an EV manufacturer in … Read more

Ford unveils Explorer EV exclusively for European markets.

Ford Motor Company has unveiled its Explorer EV for European markets. The move has been seen as part of Ford’s ambitious plan for electric vehicles. By introducing Explorer EV Ford is leveraging on the well known brand “Explorer”. The new Ford Electric SUV will be manufactured in Germany. Thanks to Volkswagen and Ford’s partnership, the … Read more

7Charge, charging network by 7-Eleven, introduced in the US.

7Charge has been introduced by 7-Eleven in four states. More states to follow. In fact 7-Eleven will also introduced its charging network in Canada. The convenience store giant says that it intends to build one of the largest EV fast charging networks through its app. 7Charge is available in Florida, Texas, Colorado and California. The … Read more

Volkswagen to introduce its most affordable Electric car called ID 1.

Volkswagen ID 1 could be electric version of Polo(though we are not sure whether it will carry the name). Volkswagen had recently unveiled ID .2 all. ID 1 will be positioned below ID 2 making it the cheapest electric car from VW. New sketch images show ID.1 will have futuristic looks and timeless design(something that … Read more

Will EV sales hit a brake ?

A new study of EV owners conducted by J.D. Power has found that EV owners’ satisfaction with home charging has declined. The decline in satisfaction is for both BEV(Battery Electric Vehicles) and PHEV(Plug-In Hybrid Electric Vehicles). The study includes satisfaction levels for both Level 1 and Level 2 type of chargers. This year more homes … Read more

Audi tests Q6 e-tron prototype, launch likely in 2024

Audi Q6 e-tron prototype was recently spotted in camouflage testing in extreme winter conditions. The model is close to production with a launch likely happening in the year 2025. As the name suggest the Q6 e-tron would be positioned between Q4 e-tron and Q8 e-tron. The model would be the first car based on PPE … Read more

Volkswagen ID. 2all, ‘Future Polo EV’ Revealed.

Volkswagen ID. 2all, electric replacement of Golf, which could go into production in 2025 for European markets has been revealed. The vehicle introduces us to the new design language of Volkswagen. “The ID. 2all gives a preview of the new design language of Volkswagen, which is based on the three pillars stability, likeability and enthusiasm.” … Read more

Volkswagen to build gigafactory in Canada

The automotive giant has announced that a new factory will be built in Ontario, Canada. The new gigafactory plant would be Volkswagen’s first North American plant. The new battery plant will be a joint venture between VW and Power Co. Production from new gigafactory is all set to kick off from 2027. The move is … Read more