Hyperdrive
Thailand Plans New Tax Breaks to Lure Hybrid Auto Investment
- New measures aimed at boosting Thailand’s bid to become EV hub
- Hybrid EV supply chain seen bolstering Thai energy transition
This article is for subscribers only.
Thailand plans new incentives for hybrid automakers in a bid to attract at least 50 billion baht ($1.4 billion) of new investment over the next four years.
Manufacturers of hybrid cars — which have both electric and internal combustion engines — will pay lower excise tax rates between 2028 and 2032 if they meet specific criteria, Narit Therdsteerasukdi, secretary of the National Electric Vehicle Policy Committee, told reporters Friday.