THURSDAY, March 28, 2024
nationthailand

BoI seeks approval for another two carmakers to produce EVs in Thailand

BoI seeks approval for another two  carmakers to produce EVs in Thailand

The Board of Investment or BoI will propose that its board approve tax incentives for two auto firms to produce electric vehicles (EVs) with a combined investment value of up to Bt10 billion, at this Wednesday’s meeting chaired by Prime Minister Prayut Chan-o-cha.

 

 
 

 


In making the announcement on Monday, BoI secretary-general Duangjai Asawachintachit said Honda would be one of the two carmakers to benefit.
The BoI has previously approved proposals from three auto firms – Toyota, BMW and Mercedes-Benz – to produce EVs in the Kingdom.
The agency will also propose that five firms applying for incentives to produce batteries for EVs are also approved at the meeting, she said.

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