Thailand approves EV incentive program for commercial trucks, buses

Tax reduction measures aim to spur demand, reinforce status as regional hub

20230221 EV Thai Truck

Thailand has approved a special tax deduction for companies that switch from traditional to electric trucks. (AFP/Jiji)

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

BANGKOK -- Thailand will expand its incentive programs for electric vehicles, introducing tax reductions for users of electric trucks and buses to encourage businesses to switch to green vehicles.

Thailand's National Electric Vehicle Policy Committee, chaired by Prime Minister Srettha Thavisin, on Wednesday approved a special tax deduction for business users switching from trucks and buses running on fossil fuels to electric options.

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