Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022

Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022

Tesla recorded total revenues of $21.5 billion in the third quarter (Q3) of 2022, a 57% year-over-year increase compared to $13.7 billion in Q3 2021 and a quarter-over-quarter (QoQ) leap ...
Electric Two and Four-Wheeler Sales Increase 183% YoY in Q3 2022

Electric Two and Four-Wheeler Sales Increase 183% YoY in Q3 2022

Retail sales of electric vehicles (EVs) clocked 257,278 units in the third quarter (Q3) of the calendar year 2022. This represents a 183% year-over-year (YoY) growth compared to the 90,831 ...
Amazon to Invest €1 Billion to Decarbonize its Transport Network in Europe

Amazon to Invest €1 Billion to Decarbonize its Transport Network in Europe

E-commerce conglomerate Amazon plans to invest over €1 billion (~$973 million) until 2027 to further electrify and decarbonize its transportation network across Europe. The investment will involve delivering packages to ...
Machine Learning Algorithm Developed to Study EV Battery Charging Time, Performance

Machine Learning Algorithm Developed to Study EV Battery Charging Time, Performance

Researchers from the University of Cambridge in the United Kingdom claimed to have developed a machine learning (ML) algorithm that can help reduce the charging times of batteries used in ...
EoI Issued to Empanel Lending Institutions for Financing EVs Across India

EoI Issued to Empanel Lending Institutions for Financing EVs Across India

Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), has issued an expression of interest (EoI) to empanel financial institutions to finance electric vehicles ...
/ / Electric Vehicles, Grid
Implementation of Revisions to EV Battery Testing Standards Postponed

Implementation of Revisions to EV Battery Testing Standards Postponed

The Ministry of Road Transport and Highways (MoRTH) has extended the implementation of amendments to Electric Vehicle (EV) battery testing standards from October 1, 2022, to December 2022 and March ...
Hertz and bp to Develop Network of EV Charging Stations in North America

Hertz and bp to Develop Network of EV Charging Stations in North America

The Hertz Corporation, a subsidiary of American car rental company Hertz Global Holdings, and global energy business conglomerate bp, inked a memorandum of understanding to develop a national network of ...
Empanelment Tender Floated to Set Up 738 EV Charging Stations Across India

Empanelment Tender Floated to Set Up 738 EV Charging Stations Across India

Rajasthan Electronics and Instruments (REIL), a joint venture between the center and the Rajasthan government, has issued a tender to empanel agencies to identify locations, install, operate & maintain 738 ...
/ / Electric Vehicles, Grid
Bids Invited to Set Up 47 Solar EV Charging Stations in Indore

Bids Invited to Set Up 47 Solar EV Charging Stations in Indore

Atal Indore City Transport Service (AICTSL), a special purpose vehicle operating the city’s public transport, has invited bids to select an agency for establishing, operating, and maintaining (O&M) 47 solar ...
Kinetic Engineering to Form ₹250 Million Electric Vehicle Subsidiary

Kinetic Engineering to Form ₹250 Million Electric Vehicle Subsidiary

Kinetic Engineering (KEL), the flagship company of the Kinetic Group, announced the formation of a subsidiary company focusing on the electric vehicle (EV) segment. The company will own more than ...
/ / Electric Vehicles, Grid
Daily News Wrap-Up: Electricity Amendment Bill to be Reviewed by Standing Committee

Daily News Wrap-Up: Electricity Amendment Bill to be Reviewed by Standing Committee

Here are some noteworthy cleantech announcements of the day from around the world: Union Minister of Power and New & Renewable Energy R. K. Singh has referred the Electricity (Amendment) ...
/ / Other, Renewable Energy
iVOOMi to Invest ₹2 Billion in Electric Two-Wheeler Manufacturing

iVOOMi to Invest ₹2 Billion in Electric Two-Wheeler Manufacturing

Electric two-wheeler maker iVOOMi Energy has announced an investment of  ₹2 billion (~$25 million) in electric two-wheeler manufacturing and related research and development. The manufacturing facility will come up in ...
US Announces $96 Million Funding to Expand EV Charging Access

US Announces $96 Million Funding to Expand EV Charging Access

To help the decarbonization of the domestic transportation sector, the U.S. Department of Energy (DOE) has announced a funding of $96 million to expand electric vehicle (EV) charging accessibility and ...
Tesla Financial results

Tesla’s Revenue Up by 42% YoY to $16.93 Billion in Q2 2022

Tesla registered a revenue of $16.93 billion in the first quarter of 2022, an increase of 42% year-over-year (YoY) compared to $11.96 billion during the same period last year. In ...
Electric Vehicle Sales Up by 333% YoY In the First Half of 2022

Electric Vehicle Sales Up by 333% YoY In the First Half of 2022

Retail sales of electric vehicles (EVs) clocked 390,399 units in the first half (1H) of the calendar year 2022. This represents a 333% year-over-year (YoY) growth compared to the 90,102 ...
Tamil Nadu Secretariat to Install a 100 kW Solar-Powered EV Charging Station

Tamil Nadu Secretariat to Install a 100 kW Solar-Powered EV Charging Station

The Tamil Nadu Energy Development Agency (TEDA), the state agency for augmenting renewable energy, is setting up a 100 kW solar-powered electric vehicle (EV) charging station at the Tamil Nadu ...
Solar Cold Storage Company Ecozen Secures ₹540 Million Funding

Solar Cold Storage Company Ecozen Secures ₹540 Million Funding

Pune-based solar cold storage solutions provider Ecozen announced that it had raised ₹540 million (~$6.93 million) as part of a planned ₹2 billion (~$25.67 million) Series C funding round. The ...
Zinc Batteries an Economical Replacement for Li-Ion in Electric Vehicles IIT Madras

Zinc Batteries an Economical Replacement for Li-Ion in Electric Vehicles: IIT Madras

A team of researchers from the Indian Institute of Technology, Madras (IIT-M) are developing a futuristic model for zinc-air batteries to power electric vehicles (EV). The technology under development is ...
EV Battery Supply Chains Stressed as Lithium, Cobalt and Nickel Prices Soar IEA

EV Battery Supply Chains Stressed as Lithium, Cobalt and Nickel Prices Soar: IEA

Lithium rates have surged by over seven times since May last year, creating challenges for the global electric vehicle (EV) battery supply chain. The International Energy Agency (IEA) said cobalt ...
Omega Seiki to Invest $250 Million for an Electric Three-Wheeler Plant in Karnataka

Omega Seiki to Invest $250 Million for an Electric Three-Wheeler Plant in Karnataka

The electric vehicle manufacturing wing of Anglian Omega Group, Omega Seiki Mobility (OSM), announced that it would set up the world's largest electric three-wheeler manufacturing unit in Karnataka with an ...
/ / Electric Vehicles, Grid
Tesla Records an 81% YoY Surge in Revenue with $18.7 Billion in Q1 2022

Tesla Records an 81% YoY Surge in Revenue with $18.7 Billion in Q1 2022

Tesla registered a record revenue of $18.7 billion in the first quarter of 2022, a year-over-year (YoY) increase of 81% compared to $10.3 billion in Q1 of last year. Growth ...
/ / Other, Press Releases
Honda to Invest $39 Billion Investment With Focus on EVs, Batteries

Honda to Invest $39 Billion With Focus on EVs, Batteries

Honda Motors has announced that it will invest approximately 5 trillion yen (~$39.84 billion) in electrification and software technologies to accelerate its business globally in the next ten years. The motor ...
/ / Electric Vehicles, Grid
India's Annual Battery Market Could Surpass $15 billion by 2030 NITI Aayog Report

India’s Annual Battery Market Could Surpass $15 Billion by 2030: NITI Aayog Report

NITI Aayog, in collaboration with the Rocky Mountain Institute (RMI), recently published a report, which estimates India's future demand for batteries under an 'accelerated scenario' and a 'conservative scenario,’ to ...
EVs Gear Up for a Breakthrough Year in 2022

EVs Gear Up for a Breakthrough Year in 2022

The increasing number of green number plates on Indian roads is the best testament to the new vehicle buyers’ growing inclination towards electric vehicles (EVs). Though the number of vehicles ...
/ / Mercom Research Focus, Other
Bengaluru-based EV Startup Ultraviolette Automotive Raises Series C Funding

Bengaluru-based EV Startup Ultraviolette Automotive Raises Series C Funding

Ultraviolette Automotive, a Bengaluru-based electric vehicle (EV) startup, has raised an undisclosed amount in a Series C funding round led by TVS Motor Company.   Zoho Corporation also participated in the ...
/ / Finance and M&A, Other