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News
August 27, 2024
Southeast Asia is set to be global EV industry hub, report says
Despite a slowdown in global electric vehicle (EV) market growth, BloombergNEF’s latest report remains optimistic about Southeast Asia becoming a global hub. The report forecasts that by 2040, the region will account for 56% of global EV sales.
August 14, 2024Elon Musk, Donald Trump's livestream conversation on climate issues draws criticism
Elon Musk’s support for former U.S. President Donald Trump has sparked a stir, leading to a live discussion between the two on the X platform on August 12.
August 12, 2024Thailand’s EV incentive plan draws major investments from Nissan, Hyundai
To attract investment from electric vehicle (EV) related businesses, the Thai government has rolled out a series of incentives, prompting responses from major multinational companies.
August 05, 2024Southeast Asia EV market surges as US, EU sales slow
As electric vehicle (EV) sales slow down in Europe and the US, the ASEAN market is experiencing notable growth, according to a report released by Maybank Investment Bank.
July 30, 2024Thailand unveils new incentives to lure hybrid vehicle investment
Thailand announced that manufacturers producing hybrid vehicles will benefit from a reduction in excise tax. This move will attract at least 50 billion baht (about USD 1.4 billion) in new investments over the next four years.
July 11, 2024Thailand's EV insurance struggles with high costs, rapid depreciation
With a loss ratio exceeding 90% for Thailand's EV insurance and fluctuating prices in both new and used cars, insurance companies encounter significant challenges in setting appropriate insurance premiums.
July 09, 2024Could electric vehicles feed China’s grid?
EV's charging (also known as V2G, vehicle-to-grid) has the potential to contribute to the smoothing out of peaks and troughs in grid electricity demand, but many are wary, and the tech is currently expensive.
July 04, 2024Taiwan's green energy, smart mobility solutions shine at ASEAN Sustainable Energy Week
Several Taiwanese companies exhibited their innovative green energy and smart mobility products at the ASEAN Sustainable Energy Week from July 3 to 5, capturing business opportunities in Southeast Asia's energy transition.
July 03, 2024ASEAN Sustainable Energy Week sheds light on EV technologies, energy storage solutions
ASEAN Sustainable Energy Week took place from July 3 to 5 in Bangkok, Thailand, featuring over 1,400 global energy brands showcasing the latest in electric vehicle technology and energy storage solutions and expected to attract 28,000 visitors.
June 14, 2024Thai petroleum giants venture into pet care and coffee shops ahead of EV era
Thai gas stations are increasingly diversifying into non-oil businesses such as pet care and coffee as gasoline sales decrease. This shift is driven by the government's target for 30% of domestic car production to be EV by 2030.