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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…