Thailand okays enhanced incentives to boost EV use

Thailand okays enhanced incentives to boost EV use

Thailand. Photo by suzukii xingfu from Pexels

Thailand has expanded incentives to boost the use of electric vehicles (EVs), the investment promotion agency said on Thursday, as the country looks to preserve its status as a major Southeast Asian auto production hub.

Smaller charging stations will now be eligible for three-year tax benefits, an extra incentive on top of a five-year corporate income tax exemption available to investments in charging stations with at least 40 chargers, Duangjai Asawachintachit, head of the Board of Investment (BOI), told a news conference.

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