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Thailand approves incentives to promote EV shift -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: After the Thai government relaxed its measures to combat the spread coronavirus, a BMW M plug in hybrid electric vehicle was seen on the media day at the 41st Bangkok International Motor Show. The car was spotted during the July 14th Media Day.

BANGKOK, (Reuters) – A package of incentives was approved by Thailand’s Cabinet on Tuesday. It includes tax cuts and subsidy to encourage a switch to electric cars in Southeast Asia’s largest auto-producing base.

Local media reported that the package would help lower electric vehicle prices from 250,000 to 70,000 baht ($2,165), to 4638, each. On Tuesday, the government will host a briefing.

($1 = 32.34 baht)

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