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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

In addition, the tax rate for pure electric vehicles in Thailand was reduced from 8% to 2% in June this year. With regular government subsidy practices, solid tax adjustments, and transparent plans, this series of actions gives Chinese car companies a familiar smell. That is an unexplored continent that needs to be tapped.

Asia 97
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Flash Drive: 2023 VinFast VF 8

Clean Fleet Report

Flash Drive: 2023 VinFast VF 8 The First Car Vietnamese Car Comes To North America When Vietnam’s largest company, the VinGroup, announced in 2017 they were entering the automobile manufacturing business, it probably didn’t get too much notice. seconds: 0-60 mph 191 mile driving range. ( VinFast offers charging options.

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EVs market share continues to grow in Norway

Push EVs

That low came as a hangover effect of new tax policies active from January 1st, which had pulled-forward a large number of auto sales into November and December. With the new tax policies further disincentivising combustion-only sales, their combined share in February fell to 4.4%, almost a new record low.

Norway 59
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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Battery electric cars accounted for 70% of the electric car stock in 2023, states the IEA annual report of the EV global parc. 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.