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Saturday, May 11, 2024

Scaled-down EV subsidies approved

Consumer subsidies cut but incentives for producers should make EVs cheaper overall

An MG electric vehicle is charged at the Fast Auto Show Thailand and EV Expo 2023 held in July at the Bangkok International Trade and Exhibition Centre. (Photo: Wichan Charoenkiatpakul)

Subsidies for purchases of electric vehicles will be reduced to a maximum of 100,000 baht starting in 2024, from 150,000 baht now, the National EV Policy…

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