The EV Board approves tax reduction measures to support HEVs (Hybrid Electric Vehicles) and MHEVs (Mild Hybrid Electric Vehicles), facilitating Thailand's transition as an automotive production hub for the future. It also allows for carry-over production compensation from EV3 to EV3.5
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Mr. Narit Therdsteerasukdi, Secretary General of Thailand Board of Investment (BOI) and a member and secretary of the National Electric Vehicle Policy Committee (EV Board), disclosed that the EV Board, chaired by Prime Minister Paetongtarn Shinawatra, approved two key measures in its recent meeting
Support measures for transitioning to the electric vehicle (EV) industry, including a reduction in the excise tax rate for Hybrid Electric Vehicles (HEVs) and Mild Hybrid Electric Vehicles (MHEVs).
Extension of production compensation under the EV3 measures, allowing compensation to be transferred under the conditions of the EV3.5 measures, with subsidies suspended until the compensation production is fulfilled.
These measures aim to maintain competitive balance and support the transition of the automotive and parts industries, driving Thailand towards becoming a global production and export hub for all types of electric vehicles.
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