article thumbnail

VinFast Announces New U.S. Dealers Across Several States

The Truth About Cars

Though the automaker has a range of vehicle offerings in Vietnam, its only model on sale in the U.S. If the automaker meets other requirements for federal tax incentives, the domestic output would qualify its vehicles for up to $7,500 in credits at the time of sale. is the VF 8 SUV. Image: VinFast] Become a& TTAC& insider.

Dealers 98
article thumbnail

Thailand’s EV industry growing rapidly

Green Car Congress

The ASEAN member states are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. We offer a range of tax incentives for automotive companies focused on electric vehicle parts production, as well as fuel efficient vehicle assembly. million units in 2018.

article thumbnail

VinFast Went Public and Quickly Exceeded Legacy Automakers' Valuations

The Truth About Cars

The company invited journalists to Vietnam to drive its new electric SUV, the VF8, only to be met with reviews ranging from “send it back” to “not ready for sale.” VinFast recently broke ground on the facility, which will give it the domestic manufacturing footprint it needs to take advantage of federal tax incentives.&

article thumbnail

ASML’s threat to leave uncovers deeper concerns in Netherlands Inc – ET Auto

Baua Electric

After corporate tax increases and protests and court cases against Shell and others in recent years, populist parties booked big gains in 2023’s national elections. That has prompted companies to speak out against policies that would discourage immigration and force them and their investors to shoulder more taxes.

article thumbnail

New EV policy to aid premium-quality SUV launches in India, says VinFast India CEO | Autocar Professional

Baua Electric

The Nasdaq company’s popular electric car models include VF e34, VF 8, VF 5, VF 9, and it has a presence in the US, Canada, Germany, France, and the Netherlands, apart from its home market Vietnam. This higher import tax has been one of the major reasons that restricted some global car makers such as Tesla from launching in India.

India 52
article thumbnail

Nissan, Frost & Sullivan study finds 37% of Southeast Asian consumers open to buying EV

Green Car Congress

Three in four respondents said they were ready to switch to electric vehicles if taxes were waived. Singapore, Indonesia and Vietnam are most evolved in their understanding with BEVs. The study was conducted by Frost & Sullivan in January 2018 in six countries: Singapore, Indonesia, Thailand, Malaysia, Vietnam and the Philippines.

Nissan 210
article thumbnail

Rivian’s EV registrations get up as startups Lucid, VinFast stall

Baua Electric

Early this day, VinFast stated it had imported about 2,000 devices of the crossover to California ports from Vietnam. Vietnamese automaker VinFast added 19 brandnew registrations in July for its imported VF 8 two-row crossover, bringing the January to July overall to 170. The primary cargo arrived in December 2022.

Fisker 52