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EV Resurgence: Is 2024 the Turning Point for Electric Cars?

The Truth About Cars

Factors such as political polarization and shifts in tax credits could influence this figure. Growth in Emerging Economies Countries like India, Thailand, and Indonesia are experiencing notable growth in EV sales, indicating that EVs are not limited to wealthier nations.

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The Global Outlook of Electric Vehicles

Blink Charging

This is partially due to the cost of EVs in these countries, but also with a relative lack of charging infrastructure. The federal US government has expanded its electric vehicle tax credits for new and used EVs. Many countries in Southeast Asia like Vietnam, Indonesia, Malaysia and Thailand are taking steps to promote sales of EVs.

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Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

The EPA’s target reduction reflects the technical challenges and high costs of commercializing so-called second-generation biofuels. Proposed legislation in the US Senate would cut current ethanol production subsidies while maintaining tax credits for related infrastructure such as refilling stations. —Sam Shrank.

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

Baua Electric

Corporations making an investment no less than 5 billion baht in EV production will also be excepted from the 20% company tax price for 3 to 8 years. Backup incentives for key EV portions manufacturing can get a 50% cut price on taxes for an extra 5 years. What makes Thailand a compelling playground for EVs?

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Using the PHEV (Plug-In Hybrid Electric Vehicle) to Transition Society Seamlessly and Profitably From Fossil Fuel to 100% Renewable Energy

Green Car Congress

Furthermore, the batteries in a PHEV are generally smaller than those in any other electric vehicle constructed today and the battery savings in the PHEV from a pure BEV can easily make up for the cost of the small liquid-fueled engine, resulting in a lower-cost production vehicle for mass distribution.

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