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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. Tax exemption for EV purchases and non-financial support remain in place, after an extension, as the automotive industry is seen as one of the key drivers of economic growth. China exported over 1.2 million were EVs.

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As Detroit of Asia, Thailand goals battery makers to stick forward in EV race

Baua Electric

billion) from the EV trade, led via a slew of Chinese language investments from BYD Co., Changan Auto Co. are i’m ready to quickly finalize their funding plans, and Chery Automotive Co. Backup incentives for key EV portions manufacturing can get a 50% cut price on taxes for an extra 5 years. Superb Wall Motor Co.

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The electric year ahead: Every new EV coming to Australia in 2024

EV Central

At that price it just sneaks in under the government’s FBT exemption, which allows for electric cars below $89,332 to pay no fringe benefits tax when purchased via a novated lease. Chery Omoda 5 EV Chery Omoda 5 EV. The Chinese-owned British brand made a big EV impact in 2023 with the excellent MG4.

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Electric Car Watch #4: Toyota is the new Kodak

Plug In India

The entire auto industry has given up on investing in Hydrogen cars. The first car on the eTNGA platform was shown in this year’s Auto Shanghai motor show. The remaining 10 million cars were sold in countries that don’t matter in the global auto market, like Japan, India, Australia, Latin America etc.

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White House warns that Chinese EVs could collect your data and send it back to China

Baua Electric

The US has imposed extra tariffs on Chinese EVs since 2019, with US officials having long warned that China poses a threat in data security, and the new measure could have broad implications across a number of industries, the report said. Meanwhile, the Chinese military steers clear of Tesla vehicles for the same reasons.

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