EVs are showcased at a Bangkok International Motor Show. (Photo: Patipat Janthong)
The cabinet approved on Tuesday a package of incentives including tax cuts and subsidies to promote electric vehicle (EV) consumption and production between 2022-2023.
The subsidies range from 70,000 baht to 150,000 baht depending on the type and model of vehicle, while there will be lower excise tax and import duties on completely knocked down and completely built up units.
According to government spokesman Thanakorn Wangboonkongchana, the cabinet approved measures to promote domestic manufacturing of EVs, including exemption of import duties on significant electrical parts between…
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