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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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Gevo contracts with Mustang Engineering for the conversion of Gevos renewable isobutanol to biojet fuel

Green Car Congress

Once completed successfully, the company will initiate jet engine testing with engine manufacturers. The advent of the jet fuel carbon tax on international flights landing in the European Union is motivating the airline industry and fuel suppliers to seek cost-effective, renewable alternatives to petroleum jet fuel.

Renewable 278
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The Global Outlook of Electric Vehicles

Blink Charging

In total, the International Energy Association reports , 6.6 Despite a strong vehicle manufacturing presence in the United States, and solid support from the current federal government, Ernst & Young has categorized the country as being “stuck in low gear” when it comes to EV adoption.

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

Baua Electric

Increasing electric car sales were the main reason for growth in the overall car market, which contracted by 8% for conventional (internal combustion engine) cars but grew by 5% in total, indicating that EV sales are continuing to perform as the market matures. China exported over 1.2 million in 2023, increasing by 35% relative to 2022.