The Board of Investment approved tax incentives to promote the production of three types of electric cars in Thailand, says secretary-general Hirunya Suchinai. (Bangkok Post file photo)The Board of Investment approved four investment applications worth more than 161 billion baht and a promotion scheme for electric cars, the state investment agency said on Friday. Of the pledges, Thailand's Gulf Group will invest in two electricity generating projects worth a combined 118 billion baht, the BoI said in a statement. In addition, two units of energy giant PTT Plc will invest a combined 43.5 billion baht in gas transportation systems, it said. Applications for the production of hybrid electric vehicles and plug-in hybrid electric vehicles must be made this year and those for battery electric vehicles by 2018, she said.

Source: Bangkok Post March 24, 2017 10:41 UTC