"Toyota is looking forward to exporting HEVs from Thailand in the future," he said. "Toyota's EV production plan will focus largely on HEV models, as PHEVs (plug-in hybrid electric vehicles) and BEVs (battery electric vehicles) require higher technology." Mr Ninnart said the company is also conducting a feasibility study to establish its own local battery manufacturing facility to serve Toyota's HEV production in the long run. The BoI's privileges, focusing on production of HEVs, PHEVs and BEVs, include tax holidays of 5-8 years. The cabinet also yesterday approved a raft of measures to be offered by various ministries to support electric car production in Thailand.

Source: Bangkok Post March 28, 2017 23:37 UTC