The government is weighing an array of incentives including lower taxes and cash subsidies to develop the market for electric vehicles, betting the perks may spur automakers to invest more and make Thailand a manufacturing hub for cleaner cars.
Prime Minister Prayut Chan-o-cha’s cabinet may soon consider subsidies between 70,000 baht (US$2,145) and 150,000 baht depending on the type and model of vehicle, and lower excise tax and import duties on completely built and partially built EVs, according to a draft proposal viewed by Bloomberg from the National Electric Vehicle Policy Committee headed by Deputy Prime Minister Supattanapong Punmeechaow.
The wider incentives for imports will last…
