The Excise Department is offering subsidies ranging from 70,000-150,000 baht, depending on the size of battery used.
The subsidies are already being applied to cars offered for sale by Chinese brands such as MG, Haval and Ora – both completely knocked down (CKD) and completely built-up (CBU) models. Under the subsidy deal, carmakers can import CKD and CBU units for sale for two years. In the third year, they must make one unit in Thailand for every unit they import. That ratio rises to 1.5:1 in the fourth year.
Failure to meet those terms will be penalised with fines and additional import and excise taxes.
The Excise Department sees signs of increased interest in EVs among Thai consumers, said director-general Lavaron Sangsnit.
He pointed out that 3,000 EVs were reserved at the latest Thailand Motor Show, representing 10 per cent of all bookings made at the expo, which finished…
