Thailand EV Board Approves Tax Incentives for Electric Trucks and Buses Adoption, Cash Grants for Battery Cells Manufacturers, to Reinforce EV Hub Status

BANGKOK, Feb. 21, 2024 /PRNewswire/ — Thailand’s National Electric Vehicle Policy Committee (EV Board), chaired by Prime Minister Srettha Thavisin, today approved incentives to encourage companies to transition their commercial fleets of large trucks and buses to battery electric vehicles (BEV), and cash grants for EV battery cells manufacturers. The two policies will further expand the country’s supports to the whole EV ecosystem and reinforce its status as an EV manufacturing hub.

“The measures approved today will complete the so-called EV3 and EV3.5 sets of measures taken earlier for the passenger car sector, by focusing this time on large commercial vehicles,” Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI), who is also the secretary of the EV Board, told reporters at a press conference held after a Board meeting at…