Thai Prime Minister Srettha Thavisin, center, chairs a meeting of the Board of Investment to discuss EV subsidy programs on Nov. 1. (Photo courtesy of Thai government)
APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer |
BANGKOK — Thailand is planning a purchase subsidy scheme for electric vehicles made domestically of up to 100,000 baht ($2,760) per car from 2024 to 2027 as it tries to position itself as a Southeast Asian EV manufacturing hub to attract foreign investment.
The present subsidy scheme ranges from 70,000 to 150,000 baht per EV, and expires on Dec. 31.
