BANGKOK -- Carmakers in Thailand will be allowed to re-export electric vehicles they have imported over the past two years as the government seeks to correct the domestic market's oversupply problem, one aggravated by consumers' weak purchasing power and tepid demand for fully electric cars.
Beginning in 2022, electric vehicle makers received incentives to invest in Thailand, including customs-free imports of fully assembled vehicles while local factories were built. Buyer subsidies were also offered.
