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Thailand approves incentives to promote EV shift

Tan KW
Publish date: Tue, 15 Feb 2022, 04:11 PM
Tan KW
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BANGKOK - Thailand's cabinet on Tuesday approved a package of incentives including tax cuts and subsidies to promote a shift to electric vehicles in Southeast Asia's major auto production base, a government official told Reuters.

The package will help reduce the price of electric cars by 70,000 baht ($2,165) to 150,000 baht ($4,638) each, according to local media reports. The government will hold a briefing later on Tuesday.

 


  - Reuters

 

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