EV
Growth of Thailand’s EV industry to power commercial real estate: JLL
Ambitious goals, supportive subsidies and foreign investment will create a minimum $6.5 billion addressable market for EV real estate in Thailand by 2030.
South Korea’s Hyundai & LG Energy open Indonesia’s first battery cell plant – report
Hyundai Motor Group and LG Energy Solution opened a $1.1 billion battery cell plant in Indonesia.
Malaysia government mulling one-off subsidy to boost EV ownership – report
"This suggestion is being fine-tuned by the Finance Ministry," deputy minister said.
Thailand approves incentives for companies transitioning to electric trucks & buses – report
By 2030, Thailand aims to convert 30 percent of its annual production of 2.5 million vehicles into EVs, according to a government plan.
Indonesia issues more tax incentives for EV sales – report
The Indonesian government aims for 600,000 EVs to be domestically produced by 2030. That would be more than 100 times the number sold in Indonesia in the first half of 2023.
Four Chinese EV makers ready to start production in Indonesia – report
The four EV producers have also expressed their readiness to follow the regulations in Indonesia, including complying with the 40 percent domestic component level rule.
Indonesia cuts VAT on electric vehicles drastically to 1% – report
The incentive came into effect this month and will remain in place until the end of the year, the Coordinating Ministry of Maritime and Investment Affairs said in a statement.
Saving the planet one ride at a time: The rise of green energy transportation
The rise of green energy transportation is an encouraging step in our transition toward a more sustainable future. Companies and governments around the world taking proactive measures to reduce their carbon footprint and invest in renewable sources. These initiatives reduce emissions while safeguarding our planet for future generations.
Malaysia government in talks with Proton, Perodua to expedite production of national EVs – report
Fitch Solutions has anticipated that passenger electric vehicle (EV) sales in Malaysia will expand in 2023, albeit from a low base, as a result of the implementation of incentives to encourage adoption. The research house said in a recent report that according to its projections, sales of passenger EVs will rise by 82 percent in 2023, reaching a volume of…
Malaysian Government drafting strategic framework to develop EV charging infrastructure – report
The EV industry has become one of the hottest sectors among Southeast Asian countries. Often seen as the future of automobile, neighboring countries Indonesia and Thailand has hoped to become EV regional hubs, luring car makers from Japan, South Korea and the US to invest and build factories here. Countries including Malaysia and Vietnam have started to…
