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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. According to Thailand’s electric vehicle plan, zero-emission vehicles will account for 30% of new vehicle production by 2030; by 2035, all cars produced in Thailand will be zero-emission.

Asia 97
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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

Green Car Congress

trillion is spent annually on transport globally, mostly in ways that exacerbate rather than solve the problems associated with traffic growth, including congestion, health-harming air pollution, accidents, energy insecurity, and climate change. The report, A Paradigm Shift Towards Sustainable Low Carbon Transport , finds that more than $1.5

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

Baua Electric

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. The electrification of 2/3Ws and public or shared mobility will be key to achieve emissions reductions in such cases.