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Tag: Electric

SBI offers 20 bps discount on electric vehicle loans

SBI offers 20 bps discount on electric vehicle loans

Finance
MUMBAI: In a bid to boost volumes for the struggling electric vehicles segment, State Bank of India Monday launched a discounted loan for buyers of such vehicles pricing 20 basis points lower than its existing auto loans. Of the 3.6 million (FY19) car industry, EVs constitute around 1,000 units per annum, according to industry data, and together with two-wheelers the industry notches up over 54,000 units annually despite the many policy pushes to promote this segment of transport. But the two-wheeler segment in a 20 million business annually now. Many in the industry blame the lack of policy clarity for the poor-show by this segment as the government has only been setting deadlines without thinking about the basic infrastructure and the billions of dollars of investments needed for that. T...
Can you save money and the planet by owning a Tesla or another electric car?

Can you save money and the planet by owning a Tesla or another electric car?

Finance
You've probably heard of the Nissan Leaf, Chevrolet Bolt and Tesla Model 3. And most car companies, if they are not selling an electric vehicle, are working on bringing one to market. But consumers in the market for new cars have a right to ask "are we there yet?" when it comes to whether it makes sense to own an electric vehicle — both for financial and environmental reasons. Electric vehicles nearly doubled their market share from 2017 to 2018, according to car research company Edmunds. Still, they represent a small portion of the market.
Start-up Bird backs down in electric scooter legal row

Start-up Bird backs down in electric scooter legal row

Technology
A scooter firm has apologised after issuing a journalist with legal threats over a blogpost about its scooters.Start-up Bird offers electric scooters in around 40 US cities, which are hired via an app.Bird accused Cory Doctorow of copyright infringement for linking to a forum about a device which enables abandoned scooters, bought at auction, to be fitted with a new motherboard.This means they can then be used without the Bird app.Mr Doctorow's blogpost, published on the website Boing Boing, was about the number of Bird scooters that are being abandoned or badly parked, then removed by local authorities and legitimately sold.It described a $ 30 (£23) motherboard which replaces the scooters' existing hardware but does not alter either the hardware or...
Electric vehicles send real-time data to Chinese government

Electric vehicles send real-time data to Chinese government

Technology
When Shan Junhua bought his white Tesla Model X, he knew it was a fast, beautiful car. What he didn't know is that Tesla constantly sends information about the precise location of his car to the Chinese government. Tesla is not alone. China has called upon all electric vehicle manufacturers in China to make the same kind of reports — potentially adding to the rich kit of surveillance tools available to the Chinese government as President Xi Jinping steps up the use of technology to track Chinese citizens. "I didn't know this," said Shan. "Tesla could have it, but why do they transmit it to the government? Because this is about privacy." More than 200 manufacturers, including Tesla, Volkswagen, BMW, Daimler, Ford, General Motors, Nissan, Mitsubishi and U.S.-listed electric vehicle s...