Roadmap sees Asean EV hub by 2025

Published onMarch 19, 2020

The government has announced plans to transform the country into the electric vehicle and motorcycle hub of Asean within five years via state measures to boost demand, though some critics continue to doubt Thailand’s ability to create a full-fledged EV ecosystem. The government has drawn up a roadmap to promote EVs through state agencies and has set a target to produce 250,000 EVs, 3,000 electric public buses and 53,000 electric motorcycles by 2025. Deputy Prime Minister Somkid Jatusripitak said the government wants to promote Thailand as the centre of a new generation of auto manufacturing. “The Board of Investment (BoI) should revise EV privileges for car and auto parts makers to make production more attractive,” Mr. Somkid said. In March 2017, the government launched EV promotional privileges for car and auto parts makers covering three types of EVs: hybrid, plug-in hybrid and battery-powered. The privileges include tax holidays of 5-8 years and import duty exemptions for cars and machinery.

Source: https://www.bangkokpost.com/business/1876654/roadmap-sees-asean-ev-hub-by-2025