The NH48 highway in India. The country’s electric car sector is small compared to other major economies like China and the U.S.
Sw Photography | Digitalvision | Getty Images
With a huge population, military and economy, India is viewed by many as country whose influence could grow significantly as the 21st century progresses.
When it comes to electric cars, however, the country is playing a game of catch up.
That’s because while China, Europe and the U.S. have become hubs for the purchase of electric cars — over 50% of those on the road can now be found in China, according to the International Energy Agency — India currently lags pretty far behind.
Change could be around the corner, however, with the IEA’s Global EV Outlook for 2023 noting that battery electric vehicle sales in India hit almost 50,000 in 2022, four times more than the previous year but still small fry compared to the 4.4 million sold in China.
Alongside the increase in sales, the IEA said India was also seeing a “ramping up” of both EV and component manufacturing.
This had been backed by a $3.2 billion incentive program from the Indian government, which had in turn led to $8.3 billion of investment.
Read more about electric vehicles from CNBC Pro
With all of the above in mind, executives at some of the world’s biggest automotive firms are making the case for establishing a foothold in India.
These include the CEO of Stellantis’ Citroën Brand, who believes India’s electric vehicle sector, while in its early stages of development, could be “absolutely perfect” due to the way people there use cars.
During a recent interview with CNBC’s Charlotte Reed, Thierry Koskas accepted that the market in India was “just starting.”
“But we have great hope for this market because a lot of car usage in India is urban or suburban, and that can be absolutely perfect for electric vehicles,” he added.
Citroën India, which launched the fully electric ë-C3 in Feb. 2023, is not alone when it comes to making a move in India’s nascent electric car sector.
Other firms doing the same include Volvo Cars, with its fully electric XC40 Recharge, and Audi, with its e-tron.
Speaking to Autocar India back in 2021, the head of Audi India expressed confidence that the EV sector in the country would go from strength to strength.
“I think [the] four-wheeler industry is one [area], but you also will have two-wheeler industry, even buses on the electric side that will come, and also three-wheelers,” Balbir Singh Dhillon said.
“So I think the whole ecosystem is going to develop at a much faster pace than we can imagine,” he added.
A packed field
Companies like Audi, Volvo Cars and Stellantis are focusing on a market already home to some big India-based players.
These include Tata Motors, which counts Jaguar Land Rover among its subsidiaries. According to the IEA, Tata was responsible for more than 85% of battery electric vehicle sales within India last year.
Other Indian firms jostling for position in the sector include Mahindra and Mahindra and Ola Electric.
In Aug. 2022 the latter’s CEO, Bhavish Aggarwal, said his company would launch an all-electric vehicle that can go from zero to 100 kilometers per hour (just over 62 mph) in four seconds. At the time, the company said it planned to launch the car in 2024.
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While there is a huge amount of chatter about the potential for electric cars in India, a lot of work needs to be done if they’re to become a key part of its transportation system.
“In India and across all regions outside the three major EV markets, electric car sales are expected to represent 2-3% of car sales in 2023, a relatively small yet growing share,” as the IEA notes.
Citroën’s Koskas remains bullish, however. “We launched the electric version of the C3, six months after launching the ICE [internal combustion engine] vehicle — nobody else did it,” he told CNBC.
Despite the speed at which a company like Citroën can move, the fact vehicles running on fossil fuels are still being launched shows just how much the automotive industry will need to change if EVs are to become dominant in India and around the world.
It’s a massive task, but Koskas seemed optimistic about the road ahead in India. “We are one of the few manufacturers today that are present in this electric vehicle market,” he said.
“It’s today, marginal — we think that it will grow a lot in the future, and we are very happy to be present as one of the first newcomers in this market.”
But it looks like the design refresh is still a transitional in Tesla’s production as the automaker is still taking orders for the previous version:
For the launch in North America and Europe, Tesla has only added a new “trim” on the Model Y online configurator for a ‘Launch Series New Model Y’, which is the version unveiled in China earlier this month.
But in China, only this new version has been available for sale since the last two weeks.
Tesla estimates that the new version will have 320 miles of EPA range. Compared to 311 miles for the previous Model Y Long Range AWD, the only version of the new Model Y Launch Series available.
Here are all the other changes with the new Model Y compared to the previous version:
Feature
Model Y
New Model Y
Starting Price After Est. Savings
$31,490 Available Now
$46,490 Available Starting March
Trims
Long Range RWD Long Range AWD Performance AWD
Launch Series Long Range AWD
Range
277-337 miles (EPA est.)
303-320 miles (est.)
Seating
First row: power recline and heated Second row: manual fold and heated
First row: power recline, heated and ventilated Second row: power two-way folding and heated
8 exterior cameras (includes a new front-facing camera)
Audio
Long Range RWD: 7 speakers Long Range AWD: 13 speakers, 1 subwoofer Performance AWD: 13 speakers, 1 subwoofer
Launch Series Long Range AWD: 15 speakers, 1 subwoofer
Connectivity
First-generation hardware
Second-generation hardware
Trunk
Power open
Hands-free power open on approach
Interior
Footwell and door pocket ambient lighting Wooden detailing with black interior
Footwell and door pocket ambient lighting Wrap-around ambient lighting Aluminum detailing and premium textiles
Climate
Tinted and laminated safety glass Power-actuated first-row air vents Manual second-row air vents
Tinted and laminated safety glass with metallic infrared reflective coating Power-actuated first- and second-row air vents
For the Launch Series, Tesla is pricing the new Model Y Long Range AWD at $59,999 USD. That’s $12,000 more than the previous Model Y Long Range AWD, which is still available to order.
Specifically for the Launch Series, buyers get a bunch of special badging around the car:
But they also get things called “Premium Textil Trim” and “Vegan Suede for Black Interior”:
Currently, Tesla is only offering the new Model Y in Stealth Grey, Pearl White Multi-Coat, Ultra Red, and Quicksilver, but they are all included in the Launch Series price.
Tesla is talking about the first deliveries of this new version of the Model Y coming in March in North America.
Electrek’s Take
This came sooner than expected, as most expected the launch to be closer to March based on how Tesla launched the Model 3 refresh last year.
But this is also different since Tesla continues to take orders for the previous version.
Tesla was likely worried about the Osborne effect and this strategy of starting with this more expensive version of the Model Y, the Launch Series, is going to help sales of the much cheaper previous version.
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Rivian (RIVN) plans to launch a new Advanced Driver Assistance System (ADAS) this year to enable hands-free driving. The new feature is expected to be similar to Tesla’s Full-Self Driving (FSD). In 2026, Rivian will up the ante with an “eyes-free” system.
Rivian plans hands-free driving in 2025, eyes-free in 2026
At the new Rivian Space opening in San Francisco on Thursday, CEO RJ Scaringe revealed a few exciting developments to look forward to.
According to the folks at RivianForums, Scaringe said during the event that the company plans to launch a hands-free ADAS feature in 2025. Next year, Rivian will follow it up with an “eyes-free” system.
The big question is, will current Rivian R1S and R1T owners gain access? It could depend on whether you drive a Gen 1 or Gen 2 model. All Rivian models built through 2024 are considered Gen 1, while models 2025 and newer are Gen 2.
Rivian introduced the second-generation R1S and R1T last summer. They were “completely reengineered” with hundreds of hardware improvements, fully redesigned software, and more.
The upgrades include its new in-house autonomy system, Rivian Autonomy Platform. It’s powered by 11 cameras, five radars, and predictive AI.
Rivian R1T (left) and R1S (right) electric vehicles (Source: Rivian)
Rivian said the new platform is “10 times more powerful” than the old system. It also features 360-degree visibility with 8X the number of camera pixels than the previous models. Gen 2 models already include features like Blind Spot Monitoring and Highway Assist.
With the premium version, drivers gain access to Lane Change, while Rivian said Enhanced Highway Assist and other features were coming soon.
Rivian R2 electric SUV (Source: Rivian)
Although all Rivian R1S and R1T EVs include OTA updates, some features may require additional hardware or software not included on Gen 1 models.
Rivian hands-free and attention-free autonomous highway driving will be available on the upcoming R2 model. The smaller electric SUV is due out in the first half of 2026, starting at around $45,000.
Electrek’s Take
As a Tesla Model 3 driver, I can tell you that Full-Self Driving (FSD) is fun and can be helpful at times. I’ve used it on longer trips, like through the Blue Ridge Mountains, and it makes driving or sitting in the car a little more enjoyable.
Although the system still requires you to pay attention, it enables the vehicle to drive itself almost anywhere with “minimal driver intervention.”
The new Actually Smart Summon feature is one of my favorites. Through the Tesla app, you can summon your vehicle to come to you in a parking lot. The vehicle will then move around other cars, people, and objects to find you.
Other functions, like Navigate on Autopilot, will take over while the vehicle is on the highway, changing lanes (with turn signals) and braking or accelerating as needed.
For Rivian owners, it would be like an upgraded system from Highway and Lane Change Assist. The “eyes-free” system coming next year will likely have a few regulatory hurdles to pass before it rolls out, so it should be interesting to see what that will consist of. Check back for more info soon. We’ll keep you updated with the latest.
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The United Arab Emirates is building the world’s largest solar and battery storage project that will dispatch clean energy 24/7.
Emirati Renewable energy company Masdar (Abu Dhabi Future Energy Company) and Emirates Water and Electricity Company (EWEC) are developing the trailblazing solar and battery storage project. Once it’s online, will become the largest combined solar and battery energy storage system (BESS) in the world.
Located in Abu Dhabi, the project will feature a 5.2 GW solar PV plant coupled with a 19 gigawatt-hour (GWh) BESS.
His Excellency Dr. Sultan Al Jaber, minister of industry and advanced technology and chairman of Masdar, said:
For decades, the biggest barrier facing renewable energy has been intermittency – to be able to source uninterrupted clean power day and night.
In collaboration with EWEC and our partners, we will develop a renewable energy facility capable of providing clean energy round the clock.
For the first time ever, this will transform renewable energy into a world-leading 1 GW of reliable baseload energy every day on an unprecedented scale – a first step that could become a giant leap for the world.
Masdar announced China’s JA Solar and Jinko Solar, two of the world’s largest solar panel suppliers, and Chinese battery and BESS giant CATL as preferred suppliers. JA Solar and Jinko Solar will supply 2.6 GW of solar panels each. India’s Larsen & Toubro and POWERCHINA have been selected as preferred engineering, procurement, and construction contractors.
Masdar says the project will create 10,000 jobs and doesn’t yet indicate a projected completion date.
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