australia

The LST incentives allowed the market to absorb the trade’s overcapacity and boost nationwide automobile gross sales. While the LST incentive has ended as of Dec. 31, 2021, there’s still a strong expectation from automakers to extend the incentive timeline to continue the sales rebound. In response to the expectation, underneath a modified scheme, the government has prolonged the LST minimize up to September 2022. The latest growth alerts a promising recovery for the nation’s automotive industry, offering a breath of fresh air and strong momentum for the hard-hit sector. The government, central bank, and automakers concerted efforts are proving…