Visitors examine an electric vehicle on display at Motor Expo 2021. (Photo: Varuth Hirunyatheb)
A Japanese and a Chinese car manufacturer plan to invest in producing battery-powered pickups in Thailand later this year, says a Finance Ministry source who requested anonymity.
The source said the government’s recent announcement of tax incentives and a subsidy to promote the adoption of electric vehicles (EVs) in Thailand made the foreign car makers eager to use Thailand as a battery electric vehicle (BEV) production base, especially for pickups.
Once the tax measures become effective, the excise tax for BEV pickups in Thailand will fall from various current rates to 0% this year until…
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