(Photo: Patipat Janthong)The cabinet approved on Tuesday a package of incentives including tax cuts and subsidies to promote electric vehicle (EV) consumption and production between 2022-2023. In addition, the cabinet agreed in principle to provide a budget of 40 billion baht between fiscal 2023-2025 to promote EV consumption. "EVAT is happy with the government's move to promote the EV industry through this package," he said. "The launch of the EV incentive package will bring good feelings to all car manufacturers as everyone enjoys the same advantages from the package," said Mr Krisda. According to EVAT, Thailand registered 5,781 new EVs for use last year, including 3,673 electric motorcycles.

Source: Bangkok Post February 16, 2022 08:30 UTC