The National Electric Vehicle Policy Committee in Thailand has approved tax incentives to encourage the transition of commercial fleets of large trucks and buses to battery electric vehicles (BEV).
Key Takeaways
- Thailand’s EV Board approved tax incentives for electric trucks and buses to encourage their adoption, aiming to reduce pollution and support companies’ net-zero targets.
- The country is reinforcing its status as an EV manufacturing hub by offering special tax deductions for companies purchasing electric trucks and buses, as well as providing financial support for battery cells manufacturers.
- The EV3 scheme for promoting the use of EV passenger cars has already resulted in over 78,000 registered EVs enjoying tax discounts and subsidies, with a requirement for local production by participating companies.
The Thailand National Electric Vehicle Policy Committee (EV Board) has…
