A recent judicial intervention has further tightened controls over a significant number of electric vehicles (EVs) involved in financial disputes. The Delhi High Court's directive mandates the seizure and safeguarding of 76 Tata Tigor EVs, which were previously leased to Gensol Engineering Ltd and BluSmart under agreements with investment firm Vriksh Advisors. This move comes as part of ongoing legal proceedings aimed at preventing any unauthorized transactions concerning these assets. The court-appointed receiver will ensure that the vehicles remain secure until further resolution.
Legal actions against Gensol and its affiliates have intensified following multiple allegations of financial misconduct and non-compliance. Prior rulings already placed hundreds of EVs under judicial oversight, bringing the cumulative total to nearly 700 units. These measures reflect growing concerns about asset mismanagement within Gensol, particularly amidst investigations into suspected fraud involving its leadership. Reports indicate that Gensol's promoters face scrutiny not only from enforcement agencies but also from regulatory bodies like Sebi, which recently imposed restrictions on their roles in listed entities.
The unfolding saga underscores the importance of accountability and transparency in corporate dealings, especially when public funds are at stake. By taking decisive action, the judiciary aims to protect stakeholders' interests while ensuring that potential malpractices do not go unchecked. Such interventions serve as reminders of the critical need for robust governance frameworks in rapidly evolving sectors such as renewable energy and transportation. As the case progresses toward its next hearing date, it highlights how vigilance and timely legal steps can uphold justice and integrity in business operations.
The world is witnessing an unprecedented rise in the sale of electric vehicles (EVs), with projections indicating that over one in four cars sold globally this year will be electric. According to the International Energy Agency's (IEA) Global EV Outlook 2025, released on May 14, 2025, global sales of electric cars are set to exceed 20 million in 2025 after surpassing 17 million in 2024. The report predicts that by 2030, under current policy frameworks, EVs could account for more than 40% of all car sales worldwide. By the end of the decade, these vehicles may displace over 5 million barrels per day of diesel and gasoline consumption.
A Golden Era for Electric Mobility Emerges Across Continents
In the vibrant landscape of 2024, the global stock of electric cars reached nearly 58 million units, representing 4% of the total passenger car fleet. This milestone displaced over a million barrels of oil daily in the same year. Leading nations like China continue to dominate the electric car market, while emerging regions such as Asia and Latin America are quickly becoming new centers of growth. In 2024, electric cars accounted for almost half of all car sales in China, and sales in other emerging markets surged by over 60%, reaching nearly 600,000 units. Meanwhile, two- and three-wheelers remain the most electrified segment globally, with China, India, and Southeast Asia driving demand. Notably, India has overtaken China as the largest market for electric three-wheelers, thanks to robust policy support under initiatives like the PM E-DRIVE scheme.
By the end of this decade, the IEA anticipates that EVs will make up more than two-fifths of all cars sold globally, as affordability improves and adoption accelerates across diverse economies.
From a journalist’s perspective, this surge in electric vehicle adoption signals a pivotal moment in humanity's transition toward sustainable mobility. It underscores the critical role of government policies and technological innovation in shaping a cleaner future. As EVs become increasingly accessible, they offer hope for reducing greenhouse gas emissions and combating climate change on a global scale. This shift not only benefits the environment but also reshapes industries, creating opportunities for economic growth and job creation in emerging markets.
In a remarkable development for the Vietnamese automotive industry, VinFast, the country's leading electric vehicle (EV) manufacturer, has announced impressive sales figures. In April alone, the company delivered 9,588 EVs to customers within Vietnam, pushing its total domestic sales to 44,691 units since the start of the year. The VF 3 and VF 5 models have been particularly successful, with the VF 3 maintaining its status as the best-selling model. Meanwhile, other models such as the VF 6 and VF 7 continue to perform strongly, while new offerings like the Herio Green and Nerio Green cater specifically to transportation services. Additionally, the introduction of the EB 6 electric bus highlights VinFast's commitment to sustainable urban mobility solutions.
Details on VinFast's Impressive Sales Performance
In the vibrant month of April, VinFast made significant strides in the Vietnamese market by delivering nearly 10,000 electric vehicles to eager customers. This achievement contributes to an impressive cumulative total of over 44,000 units sold domestically this year. Among these, the VF 3 has proven to be exceptionally popular, accounting for more than 15,000 deliveries thus far. Not far behind is the VF 5, which has garnered close to 14,500 sales. The VF 6 also demonstrated robust demand, reaching almost 6,000 units sold so far in 2025.
Beyond individual model success, VinFast unveiled two specialized vehicles—the Herio Green and Nerio Green—designed for efficient transportation services. Furthermore, the company launched the EB 6 electric bus aimed at enhancing student transport safety and sustainability. These developments underscore VinFast’s dedication to expanding its product range while promoting eco-friendly options tailored to various consumer needs.
With its continued innovation and focus on customer satisfaction, VinFast remains at the forefront of Vietnam's rapidly evolving EV market.
From a journalist's perspective, VinFast's accomplishments highlight the growing acceptance and preference for electric vehicles among Vietnamese consumers. As environmental concerns become increasingly prominent worldwide, companies like VinFast play a crucial role in driving the transition toward cleaner energy solutions. Their ability to innovate and adapt quickly positions them favorably in both local and international markets. This trend not only benefits the environment but also strengthens Vietnam's position as a leader in sustainable technology.