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The LST incentives allowed the market to absorb the trade’s overcapacity and boost nationwide car gross sales. While the LST incentive has ended as of Dec. 31, 2021, there’s nonetheless a powerful expectation from automakers to increase the incentive timeline to continue the sales rebound. In response to the expectation, beneath a modified scheme, the federal government has extended the LST minimize as a lot as September 2022. The newest development indicators a promising restoration for the country’s automotive trade, providing a breath of fresh air and strong momentum for the hard-hit sector. The government, central bank, and automakers concerted …