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Thailand’s cabinet on Tuesday approved a package of incentives including tax cuts and subsidies to promote a shift to electric vehicles (EVs) in Southeast Asia’s major auto production base, a government spokesperson said. The package for 2022-2025 is in line…
General Motors and Honda Motor Co said on Tuesday they will develop a series of lower-priced electric vehicles based on a new joint platform, producing potentially millions of cars from 2027 in a bid to beat Tesla in sales. The announcement expands on plans…
Thousands attended the Bangkok International Motor Show this week where electric vehicles (EVs) were in the spotlight due to rising petrol prices and a government subsidy taking 15% off the price of some EV cars. Thailand, along with most other countries in…
Chinese electric vehicle (EV) manufacturer Nio said on Monday that it had no intentions to raise prices in the short term, but that it would be flexible on its decision making given evolving circumstances. Nio said in a statement that raw material prices and…
Chinese automaker Great Wall Motor has signed an agreement with Thailand’s government to slash retail prices of its electric vehicles, an executive said on Tuesday, a move aimed at boosting domestic EV sales and production. The agreement, which involves a…
Tesla raised its prices in China and the United States for the second time in less than a week, after CEO Elon Musk said the U.S. electric carmaker was facing significant inflationary pressure in raw materials and logistics. The increases come as costs of raw…
Japan’s Panasonic Corp is looking to purchase land in the United States for a mega-factory to make a new type of electric vehicle (EV) battery for Tesla Inc, public broadcaster NHK reported on Friday. Panasonic is looking at building the factory, to cost…
Toyota Motor Corp, a late-comer to the battery electric vehicle (BEV) market, is weaving in all efforts to make sure its first mass-market model is safer and lasts longer than rivals’ products when it goes on sale later this year. BEVs have grown in…
Thailand’s cabinet on Tuesday approved a package of incentives including tax cuts and subsidies to promote a shift to electric vehicles (EVs) in Southeast Asia’s major auto production base, a government spokesperson said. The package for 2022-2025 is in line…
Battery maker LG Energy Solution Ltd (LGES) said on Tuesday it aims to boost sales by about 8% in 2022, forecasting a pick-up in demand for electric vehicle (EV) batteries as a global chip shortage eases later this year. The newly listed South Korean firm,…
Vietnam’s VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing complex, its global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year. VinFast,…
Volkswagen will show a production version of its long-awaited ID.Buzz, an electric reincarnation of its beloved Microbus or Kombi, on March 9 and plans to launch it in the United States in late 2023, the company said on Friday. The ID.Buzz is one of “the most…
Simple Energy, an electric vehicle start-up based in Bengaluru, has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government for an investment of ₹ 2,500 crore for constructing the largest electric two-wheeler plant in Dharmapuri. In Phase 1…
Infiniti has joined the pantheon of US-based automakers which have pledged to transition mostly to electric powertrains by 2030. In its video, Infiniti also hinted that it will be also be leveraging hybrid powertrains, “we will not let the size of our battery…
In an about-face from its anti-EV stance, Toyota has now pledged to have 100 percent zero-emissions sales in Europe by 2035 something which is revealed in a recent media event in Brussels, Belgium. This goal is a follow-up to a commitment of at least 50…
The Automotive Research Association of India (ARAI) is developing fast chargers for electric vehicles to address the issue of charging infrastructure, Union Minister of Heavy Industries Mahendra Nath Pandey said on Saturday. As reported by PTI, the Minister…
