The Cabinet has approved subsidy packages worth 2.9 billion baht for electric vehicle (EV) sales. The government aims for this campaign to help bring down the EV prices in the market.
The Cabinet in its weekly meeting on Tuesday approved subsidy packages for electric vehicles as announced by Government Spokesman Anucha Burapachaisri.
These packages, worth 2.9 billion baht, will be offered at different values based on the size and specifications of eligible EV models, covering both sedans and motorcycles.
The biggest packages at 150,000 baht per vehicle will be offered for 10-passenger vehicles, with a battery size of 30 kilowatt hours or more.
Packages of the same subsidy are offered for domestically manufactured pickup trucks in the Battery Electric Vehicle (BEV) category, with a battery size of 30 kilowatt hours or more. These trucks must have a suggested retail price of less than 2 million baht.
Electric cars with up to 10-passenger capacity, but with battery sizes smaller than 30 kilowatt hours are eligible for a 70,000 baht subsidy.
The smallest packages at 18,000 baht per vehicle will be offered to battery-operated electric motorcycles in the BEV category, with a suggested retail price not exceeding 150,000 baht.
All of these packages will be available to eligible persons, according to the Excise Department’s announcement. This includes manufacturers and authorized dealers. These entities must work with the department to establish mutual agreements, and file individual requests for each vehicle model. The Excise Department will analyze the retail pricing structure from these filings to make sure that buyers benefit from EV subsidies, before approving any packages. (NNT)
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