Indonesia mulls reducing tax on EVs sales to 1% ASEAN

Indonesia mulls reducing tax on EVs sales to 1%

Coordinating Ministry of Maritime Affairs of Indonesia said it is considering reducing the value-added tax on electric car sales from 11% to 1% to drive up demand and attract investment.
Philippines reduces tariffs on imported EVs ASEAN

Philippines reduces tariffs on imported EVs

The President office of the Philippines recently announced that the country will reduce tariff rates on imported electric vehicles (EV), parts and components, to boost the EV market in the country.
German-French joint venture to build nickel plant in Indonesia  World

German-French joint venture to build nickel plant in Indonesia

Germany's BASF and French miner Eramet are finalising a 2.6 billion USD partnership deal to invest in a facility in Indonesia to process nickel for use in batteries for electric vehicles, reported the Indonesian Ministry of Investment on January 18.
VinFast delivers over 4,000 electric cars in December Business

VinFast delivers over 4,000 electric cars in December

The VinFast Trading and Service Limited Liability Company, a subsidiary automaker of Vietnamese conglomerate Vingroup, handed over 4,278 electric vehicles (EVs) to its customers last December, seven times higher than that of the previous month.
VinFast to showcase electric vehicle ecosystem at CES 2023 Sci-Tech

VinFast to showcase electric vehicle ecosystem at CES 2023

VinFast, a member of private conglomerate Vingroup, has announced its participation in the Consumer Electronics Show (CES) 2023 from January 5 – 8 next year with a showcase of its electric vehicle ecosystem, including four electric SUV models, four electric bikes, VF 8 test drives, and an immersive experience in their booth.
Malaysia’s demand for EVs to soar in 2023 World

Malaysia’s demand for EVs to soar in 2023

Demand for electric vehicles (EVs) in Malaysia will grow significantly in 2023, driven by current incentives provided by the government as well as upcoming launches of more affordably priced EVs, according to Malaysian Automotive Association (MAA) President Aishah Ahmad.
Philippines lifts tariffs on electric vehicles World

Philippines lifts tariffs on electric vehicles

A Philippine inter-agency panel chaired by President Ferdinand Marcos Jr has approved removing tariffs on electric vehicles (EVs) to spur demand amid high fuel costs, according to foreign media.
Vinfast commits to accelerating global electrified mobility Business

Vinfast commits to accelerating global electrified mobility

VinFast, the automotive arm of Vietnam's largest conglomerate Vingroup, announced recently that it has joined the COP26 zero emission vehicles (ZEV) declaration to affirm its commitment to reaching 100% zero emission new vehicle sales in leading markets by 2035 or earlier.
Thai gov’t eyes 2026 full opening of Automotive and Tyre Centre World

Thai gov’t eyes 2026 full opening of Automotive and Tyre Centre

The construction of an automotive and tyre centre in the Eastern Economic Corridor is now more than halfway complete, with the center expected to be fully operational in 2026. The Thai government hopes this facility will promote Thailand as a global manufacturing base for electric vehicles.