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On April 26, seven Chinese ministries, including the Ministry of Commerce (MOFCOM) and the Ministry of Finance (MOF) jointly issued detailed rules for the implementation of automobile trade-in subsidies, which specifies the automobile trade-in fund subsidy policy.
With regard to subsidy scope and standards, from the
On April 12, the Ministry of Business and Made in Italy (MIMIT) announced that it has outlined terms for accessing funds to support the semiconductor supply chain's growth and technological advancement through Development Contracts. The initiative aims to enhance semiconductor manufacturing and key component producti
Reported on April 3, 2024, the Indonesian Coordinating Ministry of Maritime and Investment Affairs revealed that the value-add tax (VAT) on battery-based electric vehicle sales has been reduced from 11% to 1%, effective in April until the end of 2024.
Stated in the Finance Ministerial Regulation No. 8/2024, this is s
Announced on April 5, 2024, Thailand’s Board of Investment (BoI) will hold a roadshow in Fujian and Guangdong, China from April 7-10, aiming to attract more battery manufacturing investors to invest in Thailand.
The Thai officials plan to meet 10 of the largest battery cell manufacturers in China, including Contempor
On March 25, the Basic Production Process (PPB) for the manufacture of batteries for buses in the Manaus Free Zone was published in the Official Gazette of Brazil.
Companies that comply with this basic production process will be able to access tax incentives in the region.
According to the federal government, the app
On March 14, the Industrial Development Fund (IDF) announced that it is planning to approve projects worth at least RUB 55 billion in 2024 for the production of auto components. Since 2015, the Fund has issued RUB 105 billion in the form of preferential loans to automobile industry enterprises, 90 billion of which we
On March 13, the U.S. Department of Energy (DOE) announced USD 750 million for 52 projects across 24 states to dramatically reduce the cost of clean hydrogen and improve infrastructure.
Funded by the President’s Bipartisan Infrastructure Law, these projects will help advance electrolysis technologies and improve man
On February 21, Cadillac announced that the electric Lyriq EVs now being produced at its Spring Hill plant in Tennessee are eligible for the USD 7,500 federal government clean-vehicle tax incentive after having temporarily lost eligibility following changed requirements at the start of 2024.
"It's an example of how w
On February 21, the UK Government announced that the Plug-in Taxi Grant is now extended until April 5, 2025 at a rate of GBP 6,000 per vehicle.
Since its introduction in 2017, the Plug-in Taxi Grant has been met with enthusiasm, providing more than GBP 50 million to support the purchase of over 9,000 zero-emission ca
Announced on February 21, 2024, Thailand’s EV board meeting has approved incentives that aim to encourage companies to change their commercial fleets of large trucks and buses to BEVs.
The support (for eligible companies) will be granted as a special tax deduction, effective until December 2025. Companies purchasing
On February 8, Rivian introduced two new entry-level battery and range options for its R1T truck and the R1S SUV, built in Normal, Illinois, referred to as Standard and Standard+.
The new Standard range option, available only with the dual-motor variants, will deliver a Rivian-estimated 270-mile range from a 106 kWh
On February 6, 2024, the Thailand Board of Investment (BOI) announced that applications for investment promotion in 2023 hit a 5-year high of THB 848.3 billion in combined value (around USD 24 billion), up 43% from the 2022’s adjusted number.
According to the BOI, automotive and parts industry recorded THB 82.28 bill
On January 31, the Minister for Transport, Infrastructure and Public Works of Malta, announced a EUR 15 million financial grant for the purchase of new electric vehicles (EVs), to promote the purchase of EVs and motorcycles. The program also aims to support Maltese voluntary organizations and associations looking to
On February 5, the Government of India during the Budget 2024-25 announced the outlay of major schemes and budget estimates for 2024-25. It mentioned that the scheme for faster adoption and manufacturing of (hybrid and) electric vehicles in India - (FAME - India) estimated budget is kept at INR 26.71 billion from the
On January 29, Mullen Automotive announced that its all-electric Class 3 low cab forward chassis truck received certification for meeting all emissions standards in compliance with the California Air Resources Board (CARB).
CARB-compliant states and locations include: California, Connecticut, Colorado, Delaware, Mai
On January 30, GM CEO Mary Barra announced that buyers of newly produced Chevrolet Blazer EVs and Cadillac Lyriq crossovers that are powered by North American batteries will now be able to take advantage of the full USD 7,500 in U.S. tax credits.
The Clean Vehicle Credit from the U.S. Treasury, which became active on
Reported on January 23, 2024, Changan Auto Sales Thailand believed that the Thai government’s goal to see 30% of all vehicles produced in Thailand to be EVs by 2030 might be achieved by 2027, considering the momentum in EV development and growing awareness among the buyers.
Changan, which has already launched its EVs
On January 8, the U.S. Environmental Protection Agency (EPA) announced the selection of 67 applicants to receive nearly USD 985 million through EPA’s first Clean School Bus Program Grants Competition.
The awards will help selectees purchase over 2,700 clean school buses in 280 school districts serving over 7 million