An electric vehicle charges at an EV charging station at Benjakitti Park, Bangkok, on March 21, 2022. (Photo: Apichart Jinakul)
Thailand has expanded incentives to boost the use of electric vehicles (EVs), the Board of Investment said on Thursday, as the country looks to preserve its status as a major Southeast Asian auto production hub.
Smaller charging stations will now be eligible for three-year tax benefits, an extra incentive on top of a five-year corporate income tax exemption available to investments in charging stations with at least 40 chargers, BoI secretary-general Duangjai Asawachintachit told a news conference.
A condition that bars investors from receiving additional benefits from other agencies and a requirement…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
