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.

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