The Optima CX2.0 and Optima CX5.0 are the pinnacle examples of speed and style combined. They feature svelte designs and strong engines that provide an unmatched riding experience. These two <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric scooters</a> can operate in inclement weather and on complex topography. Thereby satisfying all adventure seekers' needs to enjoy a luxurious outdoor experience. The most recent models in <a href="https://evindia.online/company/hero-electric" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Hero Electric</a>'s cutting-edge and electrifying range are the Optima CX2.0 and CX5.0. These two-wheelers stand out from the competition thanks to their advanced features and technology. The 1.9kW motor in the Optima CX2.0 is propelled by a 2kWh battery pack, giving it a range of 89km and a maximum speed of 48kmph. It's a good idea to have a backup plan, especially if you're going to be traveling a lot. It has a 1.9kW motor and a 3kWh battery pack, which together produce an impressive 113km of range and a maximum speed of 48kmph. For those who value efficiency, ingenuity, and sustainability in a sleek and fashionable package, these electric scooters are the ideal option. The Optima CX2.0 and NYX CX5.0 are paving the way toward a brighter and more sustainable future, with <a href="https://heroelectric.in/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Hero Electric</a> at the forefront of the electric vehicle business. The latest model's price range The three new electric scooter models have affordable starting costs between Rs. 85,000 and Rs. 1.3 lakh. However, there's still more. This business is currently preparing to build a new greenfield plant in Rajasthan to increase its production capacity and satisfy the rising demand for environmentally friendly transportation. Deliveries of Hero Electric in February 2023 With impressive sales, Hero Electric continues to rule the Indian electric vehicle industry. Deliveries of Hero Electric in February 2023 Hero Electric has maintained its leadership in the Indian electric car market, as evidenced by its impressive sale of nearly 5,000 units in the previous month. Their outstanding achievement places them in third place, just behind Ather and Ola, two industry veterans. Hero Electric's sales are anticipated to soar to new heights with the launch of the Optima CX2.0 and NYX CX5.0, solidifying the company's place as a significant force in the electric vehicle market. Future ideas for Hero Electric to maintain the pace of surpassing sales of more than 1 lakh units, setting a new industry standard. They might be moving quickly towards the enormous milestone of 1 million crore units for the following two to three years by the following fiscal year of 2023–24. It's evident that this business is stepping up its game and has unrestricted desire.&nbsp;

The most recent models in Hero Electric's cutting-edge and electrifying range are the Optima CX2.0 and CX5.0

 Hero Electric launches all-new E-scooters-Optima CX5.0, Optima CX2.0 and NYX

Shubham

The fossil fuel sector is also beginning to embrace an electric future. It's evident that oil corporations like Shell, BP, and Exxon Mobil want to make money from people's transportation needs regardless of the fuel source as electric vehicles transition from niche to mainstream. Some corporations that currently run hundreds of petrol stations are naturally investing heavily in charging infrastructure. Other people are also betting on new developments in battery technology, lithium mining, and potentially electric vehicle production. According to Bruce On, an EY partner who specialises in the energy sector, European companies are spearheading the charging movement. According to him, they view their extensive current footprints and knowledge of the retail environment as a competitive advantage. Recently, BP declared that it will buy $100 million worth of Tesla Superchargers, becoming the first business to run Elon Musk's well-known charging outlets on its own. The company's charging division, BP Pulse, has placed over 27,000 charging outlets so far and plans to reach 100,000 by 2030. The oil company's charging division, Shell Recharge, is further advanced. It manages 140,000 outlets worldwide and paid $169 million earlier this year to acquire US charging company Volta. It unveiled a large 258-stall charging facility in China in September. As a point of comparison, US charging stations normally have four to twelve outlets. Leading Chinese <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EV</a> manufacturers <a href="https://evindia.online/electric-vehicle-companies/byd-india-" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">BYD</a> and Shell collaborated on the project. Big Oil is also entering the battery business, which is essential to the electric transition of the <a href="https://evindia.online/electric-cars" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">car sector</a>. For instance, according to The Wall Street Journal, Koch Industries has funded businesses along the whole battery supply chain with hundreds of millions of dollars. According to On, US companies are less concerned about pricing and more focused on doing what they do best, which is extracting raw minerals from the ground. According to The Journal, Exxon Mobil purchased 120,000 acres of property in Arkansas early this year to extract and process lithium, a crucial component of lithium-ion EV batteries. Chevron is thinking of mining lithium as well. Lithium-rich brine is a byproduct of oil production that has long gone unnoticed.&nbsp; It seems natural that oil companies see new prospects as electric vehicle sales soar and the US government works to establish a local battery supply chain. The largest oil exporter in the world, Saudi Arabia, has made billion-dollar investments in EV production. It has a majority position in the California-based EV company Lucid Motors. It has teamed up with Foxconn, the iPhone manufacturer with aspirations towards electric vehicles, to introduce Ceer Motors, a domestic EV brand. Are we going to see an EV world dominated by the same corporations who spearheaded the combustion era? All we can do is wait and see.

Recently, BP declared that it will buy $100 million worth of Tesla Superchargers, becoming the first business to run Elon Musk's well-known charging outlets on its own.

Conventional fossil fuel sector is all in electric cars

Prashant

Relief may be on the way for foreign <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicle (EV)</a> manufacturers looking to establish themselves in India, Livemint reported, citing its sources. The government is contemplating lowering import levies for EVs up to a particular price point. The update also includes Tesla Inc. According to sources who spoke on the condition of anonymity, all fully built-up (CBU) vehicles under $40,000 now have an import charge of 70%; but, under a new national EV strategy, that duty may be reduced to 15–30% for EVs costing up to $25,000–35,000. These CBUs will have an import tariff of 15%, which is the same as that of fully knocked down (CKD) autos. Along with the need that they start local production within the next two to three years, this will also include a condition allowing them to recoup the duties if they fail to do so. As it searches for new markets in the midst of a recession in the West and increasing competition from regional competitors in China, Elon Musk's Tesla has launched a second campaign to lower EV taxes in India. According to the sources, the American automaker is aiming to attract buyers in the upper echelons of India's expanding mass-premium EV market rather than competing with luxury brands for a select group of affluent consumers. India's market for electric automobiles is almost double the size it was last year, with sales jumping from about 33,000 units.

All fully built-up (CBU) vehicles under $40,000 now have an import charge of 70%; but, under a new national EV strategy, that duty may be reduced to 15–30% for EVs costing up to $25,000–35,000. 

India may reduce its import duties

India may reduce its import duties to attract abroad-based OEMs including Tesla

In Euro NCAP crash tests, the BYD Seal <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicle</a> received a 5-star rating. In terms of adult occupant safety, the car scored 89%, and in terms of kid occupant protection, 87%. In the frontal crash test, the BYD Seal provided the driver with acceptable protection, the passenger with adequate protection for their legs and chest, and the passenger with good protection for their head. Tests for lateral impacts were also performed on the vehicle. In the side pole and side movable barrier tests, it demonstrated good protection. In the frontal offset and side barrier tests, the Seal electric vehicle provided good protection to all important body parts of both child dummies. The Auto Expo 2023 featured the BYD Seal. According to the most recent sources, the car is probably going to be released in India early in the following year. There are two battery options available for the Seal: an 82.5 kWh battery that can reportedly travel 700 km on a single charge, and a 61.4 kWh battery with a range of 550 km.

There are two battery options available for the Seal: an 82.5 kWh battery that can reportedly travel 700 km on a single charge, and a 61.4 kWh battery with a range of 550 km.

 BYD seal soon in India

Indian market soon to experience launch of BYD seal 

The producer of auto parts Minda Corporation Ltd announced that a top automaker has awarded it a Rs 750 crore contract to develop battery chargers for <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicles</a>. According to a regulatory filing by Minda Corporation, the product would be produced in the Pune site of Spark Minda Green Mobility Systems, a wholly-owned subsidiary. The business did not, however, reveal the identity of the automaker from which it received the order. "The total worth of the order is Rs. 750 crore," it continued. The order is "a testament to Spark Minda's robust EV product portfolio and our focus on customer centricity," according to Minda Corporation Executive Director Aakash Minda. He continued, "This milestone underlines our commitment towards promoting sustainable mobility and our ability to adapt to the evolving demands of the global automotive industry." According to the business, approximately 20% of all orders secured during the previous fiscal year were for electric vehicles, and this initiative will further demonstrate Spark Minda's commitment to sustainable and interconnected transportation.

The product would be produced in the Pune site of Spark Minda Green Mobility Systems, a wholly-owned subsidiary

Minda Corporation sign EV charger deal

Minda Corporation receives EV battery charger order worth Rs 750cr

Mumbai-based EV startup BGauss, promoted by RR Global, has raised $7 Mn led by Darshan Patel, founder, Vini Cosmetics.

EV Startup BGauss Bags $7 Mn A Series Funding To Chart Retail Expansion

Bhavik

The remaining 45 per cent electric vehicles registered in Delhi so far this year include e-rickshaws, e-cars, e-buses, electric light goods carrier, and e-carts.

Electric two-wheelers contribute 55% to EV sales in Delhi in 2022, so far

WardWizard Mobility registered 702 per cent YoY sales growth in FY22 and 328 YoY growth in March 2022.

WardWizard Mobility sells 5,020 units in March, records 30,761 units in FY22

The recently announced EV incentives by India along with high fuel prices will be supporting factors for stronger adoption over 2020-2023, leading to an average annual growth rate of 26%, Fitch said

India's electric vehicle sales to grow at 26% in FY21-23: Fitch Solutions

The most recent models in Hero Electric's cutting-edge and electrifying range are the Optima CX2.0 and CX5.0  | EV Marketplace

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Hero Electric launches all-new E-scooters-Optima CX5.0, Optima CX2.0 and NYX

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