Volkswagen is ramping up its electric vehicle (EV) ambitions in the United States with a massive $24 billion investment over the next decade. The German automaker announced plans to build a new EV assembly plant in Chattanooga, Tennessee, and expand production at its existing plant in Puebla, Mexico.

BYD India, the Indian subsidiary of Chinese automaker BYD, is aiming to retain its position as the top brand in the luxury electric car market in the country. The company has recently launched a new flagship model, the BYD Han EV, which is priced at Rs. 45.20 lakh (ex-showroom).

The automotive industry is undergoing a rapid transformation, with electric vehicles (EVs) taking center stage. As the demand for eco-friendly transportation solutions surges, manufacturers are racing to introduce new models that meet the evolving needs of consumers. Among the latest entrants in the EV segment is the MG2, an all-electric compact car that has the potential to redefine the market for affordable and sustainable mobility.

In the face of escalating climate concerns and the urgent need for sustainable transportation, electric vehicles (EVs) have emerged as a transformative force in the automotive industry. Their popularity has surged globally, with sales reaching unprecedented heights. According to the latest report from Electrek, a leading authority on electric cars and clean energy, the global EV market is poised for continued robust growth, with more than one in five cars sold in 2024 projected to be electric.

The automotive industry continues to witness a transformative shift towards electrification, with battery-electric vehicles (BEVs) playing an increasingly pivotal role in the global transportation landscape. According to the latest data released by the European Automobile Manufacturers' Association (ACEA), new car registrations in the European Union (EU), the United Kingdom (UK), and the European Free Trade Association (EFTA) experienced a moderate increase of 5.2% in March 2024 compared to the same month in 2023. Notably, BEVs continued to gain market share, accounting for a significant 13% of new car registrations in March 2024.