News
August 03, 2026
ASEAN Weekly: Philippines unveils $1 billion EV incentives, EU ETS adds pressure on Asian airlines
This week in ASEAN, the Philippines unveiled a USD 1 billion incentive programme to accelerate domestic EV manufacturing, while the EU’s proposed expansion of its ETS signaled rising carbon compliance costs for Asian airlines and exporters.
July 31, 2026Philippines launches $1 billion EV scheme to join ASEAN manufacturing race
Philippines' EVIS offers up to 40% capex co-funding and PHP 200,000 per locally built EV. EV sales rose 132.7% in H1 2026, but manufacturing investment still trails Thailand and Indonesia sharply.
July 27, 2026Vingroup aims to generate 4.5 million carbon credits from EVs, charging network
Vingroup is registering EV and charging carbon credits under Gold Standard and VCS, targeting 4.5 million credits by 2029. Vietnam's domestic ETS launched with 511M tCO2e in allowances across three sectors.
July 24, 2026Thailand plans $712 million EV subsidy as Chinese brands reshape auto market
Thailand is considering a major expansion of electric vehicle (EV) subsidies, with a proposed package worth about 24 billion baht (roughly USD 712.2 million). The plan is expected to support the replacement of up to 80,000 commercial vehicles.
July 03, 2026Asia Sustainable Energy Week in Bangkok spotlights rooftop solar, data centers and EV charging
ASEW Bangkok 2026 brought 350+ exhibitors with 150+ from China. Taiwan's AcBel, Neopower, URECO, and Delta Electronics Thailand targeted data centers, EV fleets, and rooftop solar procurement gaps.
June 30, 2026Thailand auto parts makers face EV transition as carbon rules reshape supplier competitiveness
Thailand's auto parts makers face a two-year window before CBAM could cover wheels and gearboxes by 2028. Maxion's Thailand plant reaches 25% renewables vs 40–55% at its India facilities.
June 29, 2026ASEAN Weekly: COP31 electrification target spotlights power grids; Malaysia, South Korea develop bio-CNG
This week in ASEAN, energy transition remained in focus as the Bonn climate talks highlighted a push for a global electrification target ahead of COP31, raising attention on ASEAN’s grid development and renewable energy investment needs.
June 15, 2026ASEAN Weekly: Philippine earthquake disrupts power grid; Foxconn targets Vietnam renewables with Brookfield
This week in ASEAN, energy resilience and corporate renewable energy investments took center stage. A 7.8-magnitude earthquake in the Philippines caused widespread outages, prompting the government to assess the resilience of power facilities.
May 26, 2026VinFast taps founder’s son as chairman to navigate losses, rapid expansion
Vietnam’s electric vehicle maker VinFast—often dubbed the “Tesla of Vietnam”—announced on May 25 the appointment of Pham Nhat Quan Anh, eldest son of Pham Nhat Vuong, as its new chairman.
May 22, 2026Indonesia’s move to centralize coal, palm oil and nickel exports alarms industry
Indonesia's Danantara subsidiary DSI will become sole export channel for coal, palm oil and nickel. IDX fell 3.54% on the announcement as S&P warned of execution risk and trade disruption.