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

Setec Powerr

And there is also a 150,000 baht (equal to more than 27,000 yuan) subsidy for each pure electric vehicle purchase. million electric vehicle users by 2025 to stimulate market demand and reduce air pollution. In addition, the tax rate for pure electric vehicles in Thailand was reduced from 8% to 2% in June this year.

Asia 97
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Canoo Pickup, Kia EV6, Honda and Mini EV Plans: EV Week in Review – Mar 9-15

EV Adoption

And EV straggler Honda shed a bit more light on its upcoming EVs built on GM’s Ultium battery and powertrain platform. Honda of America sales chief Dave Gardner told reporters one of the electric SUVs will be from the Honda brand, while the other will be an Acura. Honda will offer more details later this year, he said.

Kia 52