FILE PHOTO: A BMW M plug-in hybrid electric vehicle is seen during the media day of the 41st Bangkok International Motor Show after the Thai government eased measures to prevent the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand July 14, 2020. REUTERS/Jorge Silva
BANGKOK: Thailand has expanded incentives to boost the use of electric vehicles (EVs), the investment promotion agency said yesterday, as the country looks to preserve its status as a major South-East Asian auto production hub.
Smaller charging stations will now be eligible for three-year tax benefits, an extra incentive on top of a five-year corporate income tax exemption available to investments in charging stations with at least 40 chargers, Duangjai Asawachintachit, head of the Board of Investment, told a news conference.A condition barring investors from receiving additional benefits from other agencies, and a requirement for ISO certification have also been removed, she said.
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