ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Automobiles

Thailand charts EV road map with investment incentives

Program targets Chinese makers, with 30% output goal in 2030

Chinese carmakers, such as SAIC Motor, have moved more aggressively into Thailand's EV market in recent years. (Photo by Yohei Muramatsu)

BANGKOK -- Thailand has rolled out a package of incentives to promote the manufacturing of electric vehicles, as the country known as "the Detroit of Southeast Asia" seeks to lure younger Chinese companies with new-energy technologies. 

Under the program, business segments undertaking 5 billion baht ($165 million) or larger electric vehicle projects will be exempt from corporate taxes for eight years. Four types of core parts are also eligible, including reduction gears and regenerative braking systems.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more