Electric Vehicles (EVs) are automobiles that are powered entirely or partially by electricity, rather than traditional gasoline or diesel fuel. They use electric motors and rechargeable battery packs to drive the vehicle. EVs can be classified into several types, including fully electric vehicles (BEVs), which operate solely on electric power, and plug-in hybrid electric vehicles (PHEVs), which combine an electric motor with an internal combustion engine and can operate on either electricity or fuel.
Electric vehicles are known for their potential to reduce greenhouse gas emissions, decrease air pollution, and provide a more sustainable alternative to conventional vehicles. They can be recharged using a standard electrical outlet or specialized charging stations, which may offer faster charging options. The growing popularity of EVs is driven by advances in battery technology, government incentives, and increasing environmental awareness among consumers.
Epsilon Group announces a $1 billion investment over the next decade in India's electric vehicle (EV) ecosystem. The investment aims to create thousands of new jobs in the EV sector,…