FILE PHOTO: An electric car charging sign is seen at a charging station in Bangkok, Thailand, August 15, 2016. REUTERS/Jorge Silva/File Photo
BANGKOK (Reuters) -Thailand adjusted an electric vehicle incentive policy on Wednesday to give carmakers more flexibility to meet production requirements and boost exports, amid tepid domestic demand and intense competition as Chinese brands flood the local market.
Under its EV policy launched in 2022, Thailand allowed duty-free imports under the condition that domestic EV output of automakers would match the number of imports by 2024, and then they would produce 1.5 units for every imported unit by 2025.
