Thailand BOI Approves Enhanced Measure to Boost EV Sector; Reports 110.7 Billion Baht in Investment Applications in Q1

In line with the Thai government’s policy to accelerate the growth of the domestic market for electric vehicles (EV) and help to quickly expand the related infrastructure, especially charging stations, the Thailand Board of Investment (BOI) today approved revised incentives and conditions for investments in that sector.

Adding to the 5-year corporate income tax exemption available to investments in charging stations with at least 40 chargers, 25% of which are DC type, the revised measures now allow smaller charging stations to be eligible to 3-year tax benefits, Ms. Duangjai Asawachintachit, Secretary General…