State scheme to entice foreign investment promotes electric vehicle initiative
The Board of Investment (BoI) is in talks with semiconductor manufacturers from the US and Taiwan to encourage them to expand their production facilities to Thailand, part of government efforts to grow the electric vehicle (EV) industry.
The government’s EV incentive package and a recent proposal to subsidise EV battery manufacturing will make Thailand an attractive destination for foreign investment, said ML Chayotid Kridakon, an advisor to the prime minister.
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