Bangkok, June 14, 2024 — In a significant move to bolster Thailand’s growing electric vehicle (EV) ecosystem, the Board of Investment (BOI) has approved new investment incentives aimed at encouraging the repair, repackaging, and reuse of used power batteries, as well as energy storage systems (ESS). The decision, which took place under the leadership of […]
Brasília, June 11, 2024 — In a bold move that signals Brazil’s commitment to modernizing its automotive industry and fostering environmental sustainability, the Brazilian Chamber of Deputies has approved the “Mover” program, an ambitious new policy set to inject approximately R$19.3 billion (around $3.8 billion USD) into the sector over the next five years. The
Brazilian Chamber of Deputies Approves R$ 19.3 Billion “Mover” Program to Boost Automotive Industry Brasília, June 11, 2024 — In a landmark move for the Brazilian automotive sector, the Brazilian Chamber of Deputies has approved the “Mover” program, a new policy designed to revitalize and modernize the nation’s automotive industry. The program, which will channel
Rome, August 30, 2024 – In a significant boost to its green transition efforts, the Italian government has announced the allocation of €1.7 billion for development contracts focused on net-zero emissions, renewable energy, and battery technologies. This initiative, detailed in a Law-2-Decree issued by the Ministry of Enterprise and Manufacturing (MIMIT) on June 19, represents
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Canada Opens Consultations on Potential Tariffs for Chinese-Made Electric Vehicles Ottawa, August 30, 2024 – In a strategic move aimed at bolstering the Canadian automotive industry, Deputy Prime Minister and Minister of Finance Chrystia Freeland has announced the commencement of a 30-day public consultation period to assess the need for increased import tariffs on electric
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EU and China Reach Preliminary Deal on Electric Vehicle Tariffs Brussels, August 30, 2024 – In a move likely to reshape the dynamics of the global electric vehicle (EV) market, the European Union (EU) has announced a preliminary adjustment to its tariffs on electric vehicles imported from China. This development follows a series of intricate
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