Electric Vehicles (EVs) salary sacrifice. Electric vehicles (EVs) could provide a cost-effective and attractive way to your reduce your carbon footprint, improve your ESG credentials, facilitate recruitment and retention of talent as well as saving your business money. EVs are no longer prototypes that deliver more range anxiety than performance.
READ MOREIn aggregate, global private equity and venture capital investments in electric vehicles and components stood at $9.45 billion through the first 10 months of 2022, compared to a record-high total annual investment of $12.64 billion in 2021, according to S&P Global Market Intelligence data. The next-highest annual total was in 2020, when
READ MOREA joint report titled ''Electrifying Indian Mobility '' by IVCA-EY-Induslaw said that the Indian electric vehicle (EV) industry saw an 8x year-on-year growth in VC/PE investments, to $1.7 billion in 2021, from $181 million in 2020. According to the report, Fame-II approvals by the government will enable the space towards strong economic growth.
READ MOREThe Indian electric vehicle (EV) market is expected to see 40%–45% EV adoption for two-wheel (2W) vehicles and 15%–20% for four-wheel (4W) passenger vehicles (PVs) by 2030, with 12 million to 13
READ MORETop investors in EV tech. The top four investors in the EV tech space are GGV Capital, IDG Capital, Daimler, and GM Ventures — and they''ve held this position since 2015. GGV Capital is the most active
READ MOREAlmost 14 million new electric cars 1 were registered globally in 2023, bringing their total number on the roads to 40 million, closely tracking the sales forecast from the 2023
READ MOREThis briefing identifies the top 25 leading EV markets by 2020 new registrations, termed EV capitals, and provides data on electric passenger vehicle
READ MOREParis, 20th of September 2021. The next stop in our World Mobility Tour is Oslo, often referred to as the EV capital of the world. Our discussion with Sture Portvik, the Manager for Electro mobility of the City of Oslo,
READ MOREThat was the warning this week of Monte Shaw, executive director of the Iowa Renewable Fuels Association, which held its annual summit on Thursday. "EVs are coming. We can argue about how fast, but they''re coming," Shaw said of electric vehicles. "Brazil is ramping up past us as a foreign exporter.
READ MOREItem 1 of 2 An electric car is charged at a roadside EV charge point, London, October 19, 2021. REUTERS/Toby Melville [1/2] An electric car is charged at a roadside EV charge point, London
READ MORECompanies renting non-commercial motor vehicles, including Electric Vehicles (EV), are given tax deductions under Section 39 (1) (k), Income Tax Act 1967, as follows: cost of the vehicle exceeding RM150,000, the maximum rental amount allowed for tax deduction is limited to RM50,000. The tax treatment is effective from the year of assessment 2002.
READ MOREGlobal automakers are planning to spend more than half a trillion dollars on electric vehicles and batteries through 2030, according to a Reuters analysis, amping
READ MOREMeantime, however, venture-backed startups in the industry have been a hit in the private market. Global VC investment in electric vehicle startups has topped $17.8 billion this year, blowing past last year''s total of $10.6 billion, according to PitchBook data. "The mobility SPAC boom shepherded a lot of private capital towards early-stage
READ MORETesla ( TSLA) is the undisputed leader among the biggest electric car companies by market capitalisation. The EV giant produced over 439,000 and delivered over 405,000 vehicles in the fourth quarter of 2022. In 2022, its deliveries were 1.31 million while production increased to 1.37 million, according to the firm''s latest full-year results.
READ MOREThe results have been remarkable: 20% of cars on the road are EVs, and Norway was the first country in the world to see electric car sales begin to outpace fossil fuel car sales. Today, 80% of new
READ MOREAnnounced investment includes a) investments dedicated to EV-specific manufacturing facilities, b) capital dedicated towards electrification from automakers, and
READ MORESture Portvik: I would say the reason why we like to call ourselves the electric vehicle (EV) capital of the world is because no other region on the planet has a higher density of EVs than Oslo. This is
READ MOREFor instance, Capital A, a venture fund for seed to early-stage startups, announced the launch of ''Evolve'', a $10 million cleantech fund to further India''s electric vehicles (EV) ecosystem. The fund will back early-stage startups developing electric vehicles (EV), EV batteries, battery management systems, battery-as-a-service, and
READ MOREIn mid-2021, US President Joe Biden''s administration announced a target of a 50% electric vehicle (EV) sales share by 2030. "Specifically, the president will sign an executive order that sets an ambitious new target to make half of all new vehicles sold in 2030 zero-emissions vehicles, including battery electric, plug-in hybrid electric, or fuel
READ MOREThe exponential growth of EV sales in Oslo is continuing, with a 53% sales share for electric vehicles so far in 2018. Today, electric cars make up 16% of total cars in Oslo, with 9% fully electric cars and 7% plug-in hybrids. It takes time to change the game completely and convert all cars from diesel and gasoline to electric.
READ MOREOne example of a microvehicle is a low-speed electric vehicle (LSEV): these three- or four-wheel vehicles outsell mainstream EVs two to one, with approximately two million in sales per year in China.
READ MOREThe 2022 EV sales report states that during the first half of the year, 4.3m brand-new battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) were supplied. Between used and new, over 10.6 million EVs were sold in 2022, which represents a 57% increase from 2021. However, sales growth is declining in Europe as a
READ MOREThere are promising signs for emerging electric vehicle (EV) markets, albeit from a small base. Electric car sales are generally low outside the major markets, but 2022 was a
READ MOREThe World''s Largest EV Markets. In 2020, global EV and plug-in hybrid sales crossed the 3 million mark for the first time, and data from the first half of 2021 suggests that we may be in for another year of record-high sales. Europe and China have been the leading EV markets in both years, with over 80% of plug-in hybrid and battery
READ MOREGlobal VC investment in electric vehicle startups has topped $17.8 billion this year, blowing past last year''s total of $10.6 billion, according to PitchBook data.
READ MOREiMHZEV Program for medium- and heavy-duty vehicles. Up to $200,000 is available at the point-of-sale to Canadian businesses and to organizations for the purchase or lease of medium- and heavy-duty ZEVs. Trucks, cargo vans, shuttles, and other commercial vehicles fall into the medium- and heavy-duty vehicle category. Vehicles eligible for
READ MOREClaim capital allowances so your business pays less tax when you buy assets - equipment, fixtures, business cars, plant and machinery, annual investment allowance, first year allowances.
READ MOREEV purchases that cost less than $89,332 (GST inclusive, but excluding state and territory stamp duty and registration charges) are exempt from the luxury car tax. Building on the higher luxury car tax threshold for fuel efficient vehicles, the Australian Government has introduced the Electric Car Discount. As part of the discount, zero and low
READ MOREEnjoy! Posted on EVANNEX October 29, 2021 by Charles Morris. We all know Norway is the most charged country on the planet—in September, electric vehicles accounted for 78% of the total auto
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