Thailand Implements Wide-Sweeping Policies Supporting the EV Industry
Published: Oct. 13, 2021 at 9:00 AM CDT|Updated: 22 minutes ago
BANGKOK, Oct. 13, 2021 /PRNewswire/ — Today, the Thailand Board of Investment’s (BOI) New York office announced the government’s plans to support the country’s growing electric transportation industry and uptake of electric vehicles.
With wide-sweeping initiatives, the Thai Government unveiled a three-phase development roadmap designed to increase EV production to 30 percent of its total automotive manufacturing capacity—750,000 by 2030. It is an aggressive plan, designed to fast-track the building of a trained workforce, manufacturing capacity and infrastructure.
Supported by government policies and incentives, Thailand’s EV roadmap encompasses all aspects of the electric vehicle supply chain, with a focus on batteries, local production of critical…
