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Journey-hailing agency Grab to launch electric cars in Vietnam

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Journey-hailing agency Grab plans to launch electrical car services in Vietnam and Indonesia after piloting a program in Singapore at the end of this year.

Grab is partnering with South Korea’s automotive producer Hyundai Motor to encourage the adoption of electrical automobiles in Southeast Asia, Singapore’s enterprise and monetary newspaper The Enterprise Instances reported.

Each events will take a look at new enterprise fashions together with battery and electrical automobiles leasing, thus reducing the entry barrier for its driver as the price to personal an electrical automotive is excessive.

Grab had stated in an earlier report that a few of the considerations that make drivers reluctant to make use of electrical automobiles are their value, lack of charging stations and lengthy ready time for the battery to be absolutely charged.

Russell Cohen, Grab’s managing director of operations, stated that the corporate hopes governments may have incentive insurance policies and important infrastructure like charging stations in order that electrical automobiles may have many alternatives to develop.

Grab and Hyundai have been companions since 2018. In 2019, the ride-hailing agency bought 200 Hyundai Kona electrical automobiles for its car-hiring service GrabRentals in Singapore.

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Rachel Ha
Industrial and agricultural product enthusiast. Expert on Vietnam economy. Focus on FTA agreements between Vietnam and other countries.
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