Globally, electric vehicle finance is growing rapidly. In 2022, the market size was USD 28bn and is expected to reach USD 100bn by 2030. The main factors driving the growth of the market are government incentives, increasing environmental awareness, and declining battery prices.
CHINA, 22 June 2023: NIO Inc, a leading Chinese electric vehicle (EV) maker, announced that it has entered into a share subscription agreement with CYVN Holdings LLC, an investment vehicle….
INDIA, 21 June 2023: The Small Industries Development Bank of India (SIDBI) has launched Mission EVOLVE (Electric Vehicle Operations and Lending for Vibrant Ecosystem) to promote affordable commercial EV financing in….
INDIA, 21 June 2023: The United States International Development Finance Corporation (DFC) has invested USD 5m in Revfin, an electric vehicle (EV) financing platform for individuals in India. The investment….
TAIWAN, 20 June 2023: Delta Electronics, a global leader in power and thermal management solutions, has announced that it has signed a definitive agreement to acquire TB&C, a leading provider….
CHINA, 17 June 2023: NaaS Technology Inc, a leading third-party electric vehicle (EV) charging services provider in China, announced its unaudited financial results for the first quarter of 2023. The….
DUBLIN, 16 June 2023: The Saudi Arabia EV Charging Equipment Market is expected to grow at a compound annual growth rate (CAGR) of 88% from 2022 to 2027. This growth….
CHINA, 13 June 2023: NaaS Technology Inc, a leading EV charging service company in China, has acquired 89.99% of Sinopower Holdings International Co. Limited, a leading rooftop solar PV developer….
QATAR, 11 June 2023: Qatar’s electric vehicle (EV) market is expected to reach 10% sales by 2030, according to a report by Fitch Solutions. The report states that the market….
SHANGHAI, 11 June 2023: NIO Inc (NYSE: NIO; HKEX: 9866; SGX: NIO), a pioneer and a leading company in the premium smart electric vehicle market, announced its unaudited financial results….
MONTREAL, 7 June 2023: Taiga Motors Corporation (TSX: TAIG), a leading electric off-road vehicle manufacturer, last month announced its financial and operating results for the first quarter ended March 31,….
