Thailand Board of Investment has approved revised conditions and incentives for investing in electric vehicles and the infrastructure needed to support them, specifically charging stations. Today’s BOI announcement comes as Thailand increases its incentives for people to buy and invest in electric vehicles, in an effort to maintain its grip on Southeast Asia’s car manufacturing market, which is transitioning to a future full of EVs.
Smaller and compact charging stations will now be qualified for a three-year tax relief. The new measure is in addition to a five-year corporation tax cut available for investment opportunities in charging stations with at least 40 chargers, a fourth of which must be the newer DC style. DC fast chargers offer significantly faster charging times than the traditional AV chargers.
Moreover, the BOI has scrapped the requirement for ISO certification and…
