Photo: Freepik
Electric vehicle (EV) and battery manufacturing-related stocks are predicted to gain from the upcoming renewal of EV support measures by the government next year, according to Asia Plus Securities (ASPS). The EV Policy Committee will convene today, with new support measures for electric cars and pickups being anticipated. These measures are expected to adjust the subsidy to fall between 50,000 to 100,000 baht, a reduction from the current 70,000 to 150,000 baht scheme.
The upcoming EV subsidy package is set to replace the existing measures, which will expire by the end of the year. This development follows an urgent meeting called by Prime Minister Srettha Thavisin with the EV board today. The new package is likely to withdraw the subsidy for electric motorcycles, as informed by ASPS.
“If the government announces more policies to support EVs…
