Nomura said that a 10% GST cut could boost auto demand by 15% to 20%. In case the GST cuts on ICE happens, it will significantly impact EV adoption, according to Nomura, who added that the price gap between EVs and ICEs.
Nomura said that a 10% GST cut could boost auto demand by 15% to 20%. In case the GST cuts on ICE happens, it will significantly impact EV adoption, according to Nomura, who added that the price gap between EVs and ICEs.