Pandemic lockdowns are encouraging more consumers to buy EVsAuto industry analysts are predicting that sales of electric vehicles will suffer badly due to the pandemic. But it’s not the first time that legacy industry sources have written off EVs. However, a new UK survey suggests that the coronavirus is making consumers more aware of the environment — and therefore more inclined to buy an electric car.
Government proposes to hike customs duty on imported electric vehicles
To push local manufacturing in the EV segment, the government has increased customs duty on imported completely built units (CBUs) of commercial EVs to 40 percent with effect from April 1, 2020, from 25 percent currently.
Warren Buffett-backed BYD to supply EV parts to rivals
BYD Co, the Chinese electric-vehicle maker backed by Warren Buffett, will start offering a full suite of EV components to rivals and aspiring auto manufacturers to diversify its revenue sources amid sputtering car demand.
15 ways the Indian Auto Industry will change post Covid 19
Autocar has put together a good timeline of the global auto industry after the Corona virus outbreak
The outbreak of the Novel Coronavirus (COVID-19), which originated in Wuhan, China in end-December 2019, is fast spreading its tentacles across the world and is having a major impact on all aspects of society, including the automotive industry. All through January and February, automakers and their suppliers have been scrambling to keep vehicle assembly lines humming but March has seen the industry take concerted action, in sync with government advisories, to keep its personnel safe.