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Thursday, May 2, 2024

Srettha backs vehicle supply chain

Vow to Japanese includes incentives to produce cars with internal combustion engines

Mr Srettha says Japan is concerned the Thai electric vehicle market will put it at a disadvantage from a business perspective as Japan may be a little slow when it comes to EVs.

Prime Minister Srettha Thavisin reaffirmed to the Japanese government that the Thai government will continue to support the production of internal combustion engine (ICE) vehicles for the next 10-15 years to ensure a smooth transition to electric vehicles (EVs).

He said the government will provide incentives to ICE…

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