EV Industry Overview & Market Sentiments

EV Industry Overview
EV Industry Overview

by Tanushree Jaiswal Last Updated: Sep 08, 2023 - 10:34 am 112 Views

Go for EV stocks India if you are interested in stocks and want to research new businesses to invest in. Some businesses exhibit cutting-edge research and innovation that will alter global dynamics in the years to come.

What are EV Stocks?

The stocks you buy for businesses that manufacture and produce electric vehicles are known as electric vehicle stocks in India. There are around ten enterprises that deal in two-wheelers, three or four in the bus industry, and very few that manufacture cars. For your next significant investment, you might purchase stocks in the firms that produce electric vehicles.

Why Invest in EV Stocks?

Since our government is making a strong effort to encourage everyone to switch to EVs, more players will start to appear in this market. Electric cars are here to stay for a very long time. Thus, the EV sector is seeing tremendous growth and opportunity. 

The stock prices will undoubtedly rise when you observe the government placing emphasis on this industry, providing you with excellent profits.

Additionally, the government encourages the purchase of electric cars by providing incentives. The Maharashtra government has provided rebates for EV buyers of up to ₹ 1 lakh. As of 2017, the state has the greatest rate of EV sales since that time. Therefore, it is evident from examples like these that the EV industry exists to provide you with the required revenue returns.

New EV Product Launched As of Aug-23

1. Virtus Motor Alpha A and Alpha I (E-bicycle):
Battery: 8 Ah
Range Options: 30 km and 60 km (with pedal assist)
Top Speed: 25 km/h

2. TVS X EV (E-Scooter):
Battery: 4.4 kWh
Range: 140 km
Top Speed: 105 km/
Charging Time: 4.5 hours (with 950W Charger)

3. Godawari eblu Feo (E-Scooter):
Battery: 2.52 kWh
Range: 110 km
Top Speed: 60 km/h
Charging Time: 5.25 hours

4. Ola S1 X E-Scooter:
Battery: 2 kWh
Range: 91 km
Top Speed: 85 km/h
Charging Time: 7.4 hours

5. Ola S1 X E-Scooter:
Battery: 3 kWh
Range: 151 km
Top Speed: 90 km/h
Charging Time: 7.4 hours

6. Ola S1 X+ E-Scooter:
Battery: 3 kWh
Range: 151 km
Top Speed: 90 km/h
Charging Time: 7.4 hours

7. Ola S1 Pro Gen 2 E-Scooter:
Battery: 4 kWh
Range: 195 km
Top Speed: 120 km/h
Charging Time: 6.5 hours

8. Ather 450S E-Scooter:
Battery: 2.9 kWh Li-ion
Range: 90 km (True), 115 km (certified)
Top Speed: 90 km/h

The global electric vehicle (EV) market is the significant developments and trends shaping the industry worldwide. 

Key highlights include:

• US Department of Energy Investment: The US government is committing substantial funding and loans, primarily aimed at retooling existing factories for EV production. This initiative focuses on supporting job growth and a just transition to EVs. It includes grants and loans to retain high-quality jobs in communities with automotive manufacturing facilities.

• Bosch's Acquisition in the US: Germany's Bosch Group is acquiring TSI Semiconductors, a California-based chip manufacturer, to establish a manufacturing foothold for silicon carbide chips used in electric vehicles. This move reflects the growing importance of EV technology and the global supply chain.

• Mercedes-Benz's Charging Infrastructure Expansion: Mercedes-Benz plans to open high-power charging stations in several locations worldwide, aiming to expand its global charging network significantly by 2024. This demonstrates a concerted effort by automakers to address the charging infrastructure challenge for EV adoption.

• Indonesia's EV Subsidy Widening: The Indonesian government is expanding access to EV subsidies to boost the adoption of electric motorcycles. A lack of eligibility was hindering the program's success, but this expansion aims to support the sales of both new electric motorcycles and the conversion of combustion engine motorcycles.

• Hyundai Mobis' Contract with Volkswagen: Hyundai Mobis, a global auto parts vendor, secured an order for Battery System Assembly from Volkswagen AG. This partnership reflects the growing collaboration between traditional automakers and suppliers to meet the demand for EV components.

• Jaguar I-Pace Battery Recycling: Jaguar Land Rover plans to repurpose used I-Pace batteries for a large energy storage system in the UK. This innovation aims to alleviate pressure on the national grid during peak charging times, aligning with the UK's push toward electric vehicles.

• One Electric's Expansion in Africa: Indian electric two-wheeler manufacturer One Electric has initiated production in Kenya, marking its overseas expansion. This move highlights the potential for EV growth in emerging markets and the importance of local manufacturing.

• Tata's Battery Plant Partnerships: Tata is seeking partnerships with startups for its UK battery plant, with a focus on supplying Jaguar Land Rover EVs. This collaborative approach reflects the need for technical expertise and collaboration in the EV industry.

• Xiaomi's EV Venture: Xiaomi has gained approval from China's state planner to manufacture electric vehicles. This signals the entry of tech giants into the EV sector, emphasizing the industry's rapid transformation.

• Global Shift Towards Affordable Battery Technology: General Motors' investment in Mitra Chem, Japan's tax breaks for domestic EV battery production, and Ford's cathode manufacturing facility underscore the global push to develop affordable and sustainable battery technologies to support the EV market.

• Charging Infrastructure Expansion in Europe: The European Union's new rules mandate the installation of fast-charging stations every 60 km along major transportation routes by 2025, aiming to enhance EV accessibility and adoption.

In summary, this article provides insights into the global EV market's dynamic landscape, emphasizing investment, technology development, charging infrastructure expansion, and regulatory changes that collectively drive the transition to electric mobility.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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