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.
If you want to service the Asian markets from an environment characterized by a secure legal system, a top infrastructure and state-of-the-art industrial parks, the only question is whether you can afford in the long term to forego an investment in Thailand.
Investing in Thailand offers investors benefits that investors in other countries can only be envious of. The economic and political environment of this country in the heart of Asia is stable and characterized by thousands of modern manufacturers and suppliers in the electrical and automotive industries. Government incentives are generous, based on sound legal regulations and have been providing support for many years.
A labor market with technically outstanding engineers and skilled workers awaits investors. And an infrastructure with highways throughout the country, three deep-sea ports, punctual elevated express trains, whose network is growing rapidly every year, eases economic activity. An excellent healthcare system and a high quality of leisure time also make life worth living for investors in Thailand.
In addition, the Sanet Group has been offering a full service for investors in Thailand for 20 years, from strategy consultancy to legal implementation, the entire project organization with site evaluation and tendering, right through to applications for incentives or recruitment.
