Thailand promotes electric trucks and buses with new incentives

The National Electric Vehicle Policy Committee in Thailand has given the green light for incentives aimed at encouraging companies to switch their commercial fleets of large trucks and buses to battery electric vehicles (BEVs). The committee has also approved cash grants for manufacturers of EV battery cells.

The secretary-general of the Board of Investment and secretary of the Electric Vehicle Board, Narit Therdsteerasukdi, stated that these two incentives are expected to bolster the electric vehicle ecosystem and strengthen Thailand’s reputation as a hub for electric vehicle manufacturing.

“The newly endorsed incentives will complement the previously implemented EV3 and EV3.5 initiatives for the passenger car sector, with an emphasis this time on large commercial vehicles. We believe this will significantly increase the adoption of…