Policies

High Technology Investment Programme

Source: International Energy Agency
Last updated: 24 June 2025

The Government launched a programme to provide:

  • $5 billion incentive package to increase EV production to at least 1 million units/year
  • $4.5 billion incentive to increase battery production to 80GWh by 2030
  • $5 billion incentives to be provided for semiconductors

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