BANGKOK, Jan. 25, 2021 /PRNewswire/ — Today, the Thailand Board of Investment’s (BOI) New York office announced the government’s plans to implement a new 5-year economic strategy that embraces the Bio, Circular and Green (BCG) economy and a comprehensive set of tax incentives supporting growth of Thailand’s Electric Vehicle (EV) industry.
Underpinning the Thai Government’s commitment to sustainability, the BOI’s strategic plan to support the BCG economy, includes four key industries; agriculture and food; healthcare and medical services; energy and biochemicals; and the creative economy and tourism.
For the EV industry, the BOI implemented a new set of incentives covering major aspects of the electric vehicle supply chain, with a focus on battery operated electric vehicles. Four additional categories of EV components have been added to the program, namely high voltage harnesses,…
