BANGKOK (Reuters) – Thailand will lengthen a manufacturing timeframe for battery electrical automobiles (BEV) and supply incentives for hybrid EVs, its Board of Funding stated on Wednesday.
At present, the EV 3.0 incentive bundle requires native manufacturing this 12 months of 1 car for every car that was imported earlier. The ratio will rise in 2025 to 1.5 automobiles for every car imported.
The manufacturing interval might be prolonged to 2027, the BOI stated in an announcement.
The measures are the most recent to help a struggling auto sector that faces a grim future because of a stagnant home market at a time of tepid financial progress and tight credit score situations.
