Electric mobility has got further boost as the government sanctioned 670 Electric buses in the states of Maharashtra, Goa, Gujarat and Chandigarh and 241 Charging Stations in Madhya Pradesh, Tamil Nadu, Kerala, Gujarat and Port Blair under Phase-II of FAME India Scheme.
Tesla finally decided to do a capital raise, and it should bring in about $400 million more than the company originally planned.The Tesla capital raise — a combination of equity and debt — will intensify CEO Elon Musk's pivoting of Tesla from an electric car company to a robotaxi service.Last week, Tesla finally faced up to the realities of its business and decided to raise some more money by selling stock and issuing debt.Tesla stock shot above $250, the level at which the company has raised money in the past.Maybe Musk should have stuck with a mission to Mars and taken a pass on the electric-vehicle revolution.But that was never going to happen, and while Musk likely knew that, I'd bet he earnestly wanted Tesla to prove that it could be sustainably profitable after two straight quarters in the black to end 2018.
NIO is a Chinese carmaker headquartered in Shanghai, having some expertise in structuring and creating electric self-ruling vehicles.NIO was founded in 2014 by William Li (Li Bin).They have also released a concept of their next project, which is NIO EVE.The body and body will be totally aluminum, and the drivetrain will be all-wheel drive standard, and furthermore including dynamic air suspension.The NIO ES8 is a High-Performance Electric Flagship SUV.The vehicle’s skeleton development is all carbon fiber and depends on the FIA Le Mans Prototype guidelines.
Queensland’s State Government has announced that it will be constructing a $3 million network of vehicle charging stations along the East Coast, hoping to incentivise the use of electric cars in the region.Steven Miles, the state’s aptly named Minister for Roads, has said that while “the project is ambitious, we want as many people as possible on board the electric vehicle revolution”.Currently, the state has a relatively low uptake for electric vehicles, with only around 700 on the roads at present.A total of 18 charging stations will span a distance of 2,000km, making it one of the longest electric highways in the world alongside the likes of the West Coast Electric Highway in the US, although still falling a considerable distance short of the 8,000km stretch in Canada.The stations themselves will have the ability to recharge a vehicle in 30 minutes and give electric vehicles the ability to travel from Cairns to the Gold Coast.Most impressively, the stations will be completely free to use for at least a year after they’re constructed.
When he’s not waxing poetic about floors and digging giant holes in the ground, Elon Musk runs an electric car company.Late Sunday night, he tweeted the biggest news yet in Tesla’s short history.Last week, Musk teased that he would have news on Sunday, and just before midnight, he tweeted, “Model 3 passed all regulatory requirements for production two weeks ahead of schedule.Expecting to complete SN1 on Friday.”The Model 3 will retail for $35,000 (£27,055) and is Tesla’s bid to expand the company beyond the luxury market.Investors are hoping that the relatively low price will kick off the electric vehicle revolution that Tesla has been spearheading for years.