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Malaysia, for instance, began providing the same incentive to the industry earlier. The national car wholesales plunged by more than 51 percent year-on-year , to just around 532,000 units in 2020 and were far lower than the average sales of 1 million units sold in the last four years due to the pandemic. Car sales have been one of the key indicators of Indonesians’ purchasing power.

  • Whichever route Proton takes, we can safety assume these cars won’t simply be rebadged versions of existing Geely models and will have considerably greater local input.
  • Volvo has changed the names of some of its fully electric models in an effort to streamline and standardise its line-up.
  • While the LST incentive has ended as of Dec. 31, 2021, there is still a strong expectation from automakers to extend the incentive timeline to continue the sales rebound.
  • JSW plans to build EVs, battery plant in OdishaJSW Group has signed an MoU with Odisha government; Rs 40,000 crore investment planned.

There is a smaller vehicle next to a Model Y at Giga Berlin, and there’s a debate going on trying to determine what this is exactly. What is happening to Subaru’s new model inventory in February 2024? Here is insider information and what customers can expect this year.

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