An electric car is seen while being charged during the opening of a PTT Pcl energy firm’s commercial EV (Electric Vehicle) charging station, in Bangkok, Thailand, August 15, 2016. REUTERS/Jorge Silva/File Photo Acquire Licensing Rights
BANGKOK, Nov 1 (Reuters) – Thailand on Wednesday approved a drawn down subsidy package for its booming electric vehicle industry, as the top regional auto hub looks to continue its strong EV sales momentum while balancing budgetary support, a government official said.
The new package, cleared by the National Electric Vehicle Policy Committee, will offer a subsidy of up to 100,000 baht ($2,764) per EV car, said Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment.
Starting from next year and ending in 2027, the scheme will also include lower import duty and excise taxes, he said.
EVs have steadily gained traction in Thailand,…
