“The company is also seeking investment support from the Board of Investment,” he said, adding that this investment was inspired by the government’s move to promote the use and production of EVs in the country. The government is offering many incentives, subsidies and tax breaks to EV manufacturers, with the aim of matching one imported EV with a locally manufactured one by the end of 2024.

Source: The Nation Bangkok August 07, 2022 05:14 UTC