New EV subsidy for Thailand


The new package approved by the National Electric Vehicle Policy Committee includes a lower subsidy than the current scheme ending this year. — Reuters

BANGKOK: Thailand approved a new subsidy package for electric vehicles (EVs), an industry official says, in a move to support EV sales in a top regional auto hub where battery-powered cars are steadily gaining traction.

The new package approved by the National Electric Vehicle Policy Committee includes a lower subsidy than the current scheme ending this year, chairman of the Federation of Thai Industries, Kriengkrai Theinnukul, told reporters.

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