In brief
The ecosystem of the electric vehicle (EV) market is huge and requires significant investment. While the market forecast is bright, many existing players are still waiting for the right time to invest, not to mention new players considering entering into this emerging market. One of the key drivers to activate the consumers’ buying motivation, the primary factor for advancement of the EV market to the next stage, involves financial incentives. In this article, we will discuss how EV incentive schemes (i.e., tax benefits and subsidy system) can play vital roles in propelling the development of the EV market around the globe and how Thailand can take stock from these developments and what its current policies in this area are.
A global look at EV financial incentive schemes
As discussed in our previous article, as the global trend towards an EV society…
