A government fund is expected to subsidise the prices of electric vehicles (EVs) to keep them closer to the cost of cars powered by internal combustion engines, according to Finance Minister Arkhom Termpittayapaisith, as part of a promotion in Thailand.
SET-listed Energy Absolute Plc (EA), a renewable energy developer and operator, will officially open its battery and energy storage system (ESS) production facility on Dec 12 as part of its plan to become a leader in electric vehicle (EV) manufacturing.
NEW YORK: President Biden's proposal to reward electric cars made at US union shops has earned applause from organized labor, but the measure has drawn heckles from his closest trading partners.
NEW YORK: General Motors takes a leap Wednesday towards its much-touted "all-EV" future when it officially opens its first electric pickup truck factory.
The Finance Ministry will maintain a balance between supporting existing manufacturers of internal combustion engine-powered cars and promoting electric vehicles (EVs) in its restructuring of the overall vehicle excise tax system, said a ministry source who requested anonymity.