As demand for environmentally sustainable transport grows, a number of emerging markets are ramping up their efforts to incentivize the sale and production of electric vehicles (EVs). One of the latest attempts to stimulate growth in the sector in Thailand, which last month approved a package of incentives designed to establish itself as a regional leader in the field.
As part of a plan to encourage the purchase of EVs, the measures include a 40% reduction in import duty on completely built EVs costing up to BT2m ($60,500) and a 20% reduction on…These Emerging Markets Are Looking To Bolster Electric Vehicle Production
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