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.
Automobiles
Thailand announces reduced EV subsidies to run until 2027
Sales incentives cut as demand rises and foreign investors flow in
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)
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