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Tax Exemptions & Free Parking May Drive More EVs in the Philippines

CleanTechnica EVs

Tax exemptions and free parking may drive more EVs in the Philippines after new electric car bill turns into a law. Just a month after the Electric Vehicle Industry Development Act (EVIDA) in the Philippines lapsed into law last April 15, several importers have ordered and a few have brought in small Chinese electric cars […].

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Thailand’s EV industry growing rapidly

Green Car Congress

According to the Electric Vehicle Association of Thailand, the number of companies that are part of Thailand’s electric vehicle industry has risen significantly since 2015, from 76 to 420 in 2019. The ASEAN member states are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

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Asian Development Bank providing $300M towards replacing 100K gasoline trikes with E-Trikes in the Philippines; $300M for major road upgrades in Chhattisgarh, India

Green Car Congress

The Asian Development Bank (ADB) is providing $300 million towards a project that will replace 100,000 gasoline-burning tricycles in the Philippines with electric tricycles, or E-Trikes. Without intervention, the Philippines is on a course to almost quadruple CO 2 emissions in less than 25 years, the ADB said.

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Global geothermal industry passes 12,000 MW operational

Green Car Congress

The global geothermal industry surpassed 12,000 MW of geothermal power operational, with about 600 MW of new geothermal power coming online globally, according to a year-end update by the Geothermal Energy Association (GEA). New project announcements have increased the resource under development to about 30,000 MW.

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AIDA servicing evolving needs of the auto industry | Autocar Professional

Baua Electric

Since 1917, AIDA has led the metal-forming industry as the well-known manufacturer of metal-forming systems, particularly servo and mechanical presses for various applications in the global automotive and component industries, including OEMs and Tier 1 to Tier 3 suppliers. AIDA specialises in metal forming equipment for the industry.

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Australia, Indonesia should team up for battery supply chains, ACEN CEO says – ET Auto

Baua Electric

New Delhi: Top lithium producer Australia and major nickel suppliers Indonesia and the Philippines could team up to develop regional battery storage systems, the head of Philippine energy firm ACEN said on Monday.

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Cobalt Institute: cobalt market weakened since 2022 peak, but in longer term, demand will outpace supply

Green Car Congress

The cobalt industry is optimistic the cobalt market will continue to grow in the coming years, driven by the success of cobalt’s use in superalloys and hard metals, and particularly in EVs. With 5% of 2022 supply, it remains a long way behind the DRC, despite supporting 20% of global annual growth, although long term growth potential is high.

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