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BoI approves enhanced incentives to boost EV use

Published by
The Bangkok Post

Thailand has expanded incentives to boost the use of electric vehicles (EVs), the Board of Investment said on Thursday, as the country looks to preserve its status as a major Southeast 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, BoI secretary-general Duangjai Asawachintachit told a news conference. A condition that bars investors from receiving additional benefits from other agencies and a req…

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