Automakers in Thailand expect the general election next year will generate better sentiment, causing people to buy new cars, even though the industry has slowed since October this year.
Thailand is likely to miss its ambitious target of electric vehicles (EVs) comprising 50% of locally made vehicles by 2030 for a variety of reasons, notably high energy prices and limited EV charging facilities, says global management consultancy Arthur D. Little.
TOKYO: Toyota Motor Corp reported on Tuesday a 23% rise in October global vehicle output, beating its own target for a third month in a row, as the industry strives to get past persistent chip shortages that have hobbled production.
COTONOU: Beninese hairdresser Edwige Govi makes a point these days of using electric motorbike taxis to get around Cotonou, saying she enjoys a ride that is quiet and clean.
Chinese EV makers are making a foray into Southeast Asia, an untapped market with few established players, as competition ramps up at home in China.