Global EV market

The Government of India has set an ambitious target of 30% of all vehicles to be EV by 2030. Additionally, Indian government's vision of Viksit Bharat by 2047 requires the creation of a robust R&D landscape that can enable the creation of a self-sufficient domestic EV ecosystem. Let's see how realistic is this goal when China already dominates more than 60% of global EV market.

As someone closely observing India’s automotive landscape, I feel we are at the beginning of a major transition. For decades, our roads have been dominated by petrol and diesel vehicles, but now, the conversation has shifted toward electric vehicles (EVs). Whether it’s government policy, rising fuel costs, or the pressure of climate change, one thing is clear - India is finally waking up to electric mobility.

BMW’s 2026 iX3 marks a turning point in the automaker’s drive towards real sustainability, delivering a lower carbon footprint at every stage—from raw materials to end-of-life recycling.

Tesla reported a notable decline in profits and revenue for the second quarter of 2025, facing several significant challenges that contributed to a tough financial performance. The company’s total revenue dropped 12% year-over-year to $22.5 billion, down from $25.5 billion in the same period last year, marking Tesla’s biggest quarterly revenue decline in over a decade.

Chinese tech giant Xiaomi has announced plans to expand its electric vehicle (EV) business globally “within the next few years,” marking a significant step in its ambition to compete with established players like Tesla. The announcement was made by Xiaomi President William Lu during the Mobile World Congress (MWC) in Barcelona, where the company showcased its latest products, including its premium EV, the SU7 Ultra.