Japanese carmakers could gain from Thai three-tier EV tax plan
Japanese carmakers could gain a competitive advantage from Thailand’s proposed three-tier vehicle tax overhaul, with their established factories, supplier networks and hybrid expertise positioning them to benefit from greater emphasis on domestic production. The overhaul, which the Finance Ministry plans…
IG Metall Welcomes the Launch of the Electric Car Incentive Program – Local Content Requirements Must Be Introduced
“It’s good that the new electric car subsidy program is now launching—IG Metall has long advocated for making electric mobility accessible to broad segments of the population. We need this boost to accelerate market growth so that jobs at manufacturers…
Tesla Megachargers at Port of Long Beach
Forum Mobility has started installing Tesla Megacharger units at its FM Harbor depot at the Port of Long Beach — one of the largest port-based electric truck charging facilities in the United States. The units feature the Megawatt Charging System…
Emobi and OmniTrust partner to advance Plug & Charge adoption
The new Plug & Charge standard is now widely used in Europe, and is gradually catching on in the US. North American roaming platform Emobi is one of several charging providers that have developed their own Plug & Charge solutions,…
Neue Klasse accelerates growth in fully-electric vehicle sales: Milestone of two million achieved
The Neue Klasse is providing strong momentum for fully-electric vehicle sales: Two million BEVs have been handed over to customers since sales of the very first BMW i3 launched in late 2013. Including plug-in hybrids, a total of around 3.5…
Vista Equity Partners Opens Abu Dhabi Office to Expand Middle East Technology Investment Platform
Vista Builds A Regulated Base In Abu Dhabi Abu Dhabi is drawing another major global investor into its financial district, as Vista Equity Partners opens a new office within ADGM, the emirate’s international financial center. The enterprise software investment firm…
Omega Seiki Mobility to invest $25m in first EV assembly plant at Dubai’s Jafza
Homegrown electric vehicle manufacturer Omega Seiki Mobility (OSM), on Wednesday, announced it will invest $25 million (AED 92 million) over the next five years to set up its first international electric vehicle assembly plant in Dubai’s Jebel Ali Free Zone…
Europe Investing €200bn in EV Manufacturing & Supply Chains
Countries in the European Economic Area and Switzerland have committed almost €200bn (US$232.7bn) to electric vehicle ecosystems, including manufacturing and supply chains. This figure includes €109bn (US$127bn) for the battery supply chain, up to €46bn (US$53.5bn) for public charging networks…
For the average price of a car in the US, you could buy 5 new Chinese EVs
The Beijing Auto Show that opened to the public this week is a showcase for how hypercompetition in China has driven new car prices in the world’s largest car market to a fraction of the level of the next-largest market,…
EFG Corp-Solutions, Infinity pen Egypt’s first EV charging infrastructure leasing agreement
EFG Corp-Solutions, a subsidiary of EFG Finance and part of EFG Holding, has signed Egypt’s first leasing agreement for electric vehicle (EV) charging infrastructure with Infinity, as per an emailed press release. The agreement introduces a financing model aimed at supporting…