Thailand strives for Electromobility!

Thailand strives for Electromobility!

Thailand is striving for electromobility! The new BOI subsidy package, marketed as “EV 3.5”, is intended to help Thailand produce at least 30 percent of all vehicles produced as “zero-emission” e-models by 2030. With the new subsidies for e-cars, up to 100,000 baht grant, lower consumption tax and reduced import duties, the country will become the center of electromobility in Southeast Asia. Yet the promotion of electromobility in Thailand is not only an opportunity for growth, but it also comes with challenges.