The Thailand Board of Investment (BOI) recently reported that so far it had approved investment promotional privileges for EV-related businesses with a combined investment value of 77.26 billion baht.
The investments are for manufacturing electric cars, motorcycles, trucks, buses, batteries, as well as charging stations, BOI secretary-general Narit Terdsathirasak said.
“Thanks to the government’s continued support for the EV industry, we expect to see more companies applying for promotional privileges this year,” he added.
The BOI had earlier reported that four Japanese automakers, namely Toyota, Honda, Isuzu and Mitsubishi, had announced their intention to invest around 150 billion baht in the next four years for EV manufacturing in Thailand. This means Thailand’s EV industry will receive over 227 billion baht of investment from both Thai and foreign investors.
Narit…
