The government recently approved an array of incentives, including lower excise tax and import duties on significant auto parts, in a bid to make electric vehicles (EVs) more appealing to both car buyers and manufacturers.
What are the incentives for EVs?
The incentives recently approved by the cabinet aim to promote domestic manufacture of EVs between 2022 and 2025. The subsidies range from 70,000-150,000 baht, depending on the type and model of the vehicle.
A subsidy worth 70,000 baht is available per unit for passenger cars with a battery of 10 to 30 kilowatt-hours (kWh), while a 150,000 baht subsidy is available per car with a battery of more than 30kWh for completely knocked-down (CKD) and completely built-up (CBU)…
