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Thursday, May 9, 2024

EV production target ramped up for 2024

An electric vehicle charging outlet at the 2023 Fast Auto Show Thailand & EV Expo. (Wichan Charoenkiatpakul)

Thai authorities want next year’s electric vehicle (EV) production capacity to reach 359,000 units based on investment of 39.5 billion baht, say industrial officials.

The state EV policy and investment incentive packages should help increase production, said the Office of Industrial Economics (OIE).

“After the EV3.0 scheme boosted demand for EVs in Thailand,…

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