Shock and recharge: Thailand’s EV sector hopes for spark

The Electric Vehicle Association of Thailand (EVAT) expects greater manufacturer interest in Thailand’s EV sector. The latest incentive package might be less appealing than earlier ones. Current incentives consist of tax reductions and subsidies for car producers and importers. These incentives aim to boost EV production and consumption from 2022 to 2023. The incentives range from 70,000 to 150,000 baht per unit.

Manufacturers commit to constructing EV production facilities in Thailand. The upcoming package from the Srettha Thavisin administration is under scrutiny by EV manufacturers. Some foreign manufacturers might delay their expansion in Thailand until they comprehend the new policy’s implications. However, many have expressed interest in investing in Thailand’s EV sector, according to Krisda Utamote, President of EVAT.

“We…