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Friday, May 17, 2024

Bangkok Post – EV imports expected to reach 175,000 in two years

Subsidies encourage domestic production

An electric vehicle charges at the Fast Auto Show Thailand & EV Expo 2023. Wichan Charoenkiatpakul

The Excise Department estimates electric vehicle (EV) imports will reach 175,000 units within two years, says director-general Ekniti Nitithanprapas.

Under the four-year plan to support EVs, dubbed EV3.5 (2024-27), importers must set up a production base in the country to produce EVs to substitute for imports from 2024-25.

Roughly 350,000 to 525,000 EV units are expected to be produced domestically by 2027, with the estimated amount…

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