...EV progression into South East Asia is not smooth sailing.
Thailand now has 490,000 unsold EVs, according to the Electric Vehicle Association of Thailand (EVAT), equivalent to 63% of all vehicles the country turned out in the past 12 months.”
Thai subsidies for Chinese EV makers wreak havoc
https://x.com/dunne_insights/status/1816681296518873575
EV/Lithium, page-907
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