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Weekly Drive Vol. 5

June 6, 2024
JUNE 06, 2024 VOL.05
WEEKLY DRIVE
	   Your one-stop destination for all the top news stories and developments from the EV space and the go-to source for deep dives and insightful pieces
	   SCROLL DOWN AND READ ON
New policy brings India one step closer to becoming a hub for manufacturing EVs
Under this duty concessions will be provided to companies that establish manufacturing units in the country, with a minimum investment of USD 500 million. This initiative is designed to attract major global players.
EVs continue to succeed in India amidst a global slowdown in EV sales
India's passenger vehicle sales increased by 10 percent year over year in 2023, while EV sales more than doubled, accounting for 2 percent of total passenger vehicle sales. Read more about it in this report.
Here s a fascinating fact about EV's-
		Electric vehicles are NOT a modern invention. The first electric vehicle was built in the 1830s by Robert Anderson, a Scottish inventor. Though it took close to 40 years to find a practical use for EVs, By the late 19th and early 20th centuries, electric cars were quite popular before the internal combustion engine (ICE) became dominant.
Here is everything you might want to know about the history of EVs
 

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