EV Board Greenlights! Tax Reduction for Hybrid Cars to Stimulate Electric Vehicle Market

Good news! Thailand has officially entered the era of electric vehicles. 
Get ready for a more environmentally friendly future, as Thailand has recently announced exciting news regarding the automotive industry! The government has prioritized the development of electric vehicles (EVs), particularly hybrid electric vehicles (HEVs), which combine both engine and electric technologies to reduce emissions and be more eco-friendly.

This measure will fully support car manufacturers in Thailand, including reducing excise taxes and providing other support to enable the production and sale of HEVs at more affordable prices. Additionally, conditions have been set to ensure that vehicles produced in Thailand meet high-quality standards and comply with international standards, such as using locally manufactured parts and installing advanced safety systems.

What are the benefits of this measure? In addition to reducing air pollution and global warming, it will also positively impact the country's economy by attracting investments from leading global automotive companies to establish production facilities in Thailand, creating jobs and enhancing the competitiveness of the Thai automotive industry in the global market.

The Thai government's commitment to developing electric vehicles and supporting HEV manufacturers marks a significant step towards sustainable development and provides opportunities for Thai people to access modern and environmentally-friendly automotive technology.


Additional Information : Government Spokesperson, Office of the Prime Minister  

Link : www.thaigov.go.th

 


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