The government has indicated its intentions to position Thailand as a regional manufacturing base for electric vehicles (EVs), with tax cuts and other measures rolling out to attract more investments.
Government Spokesman Thanakorn Wangboonkongchana said Prime Minister Gen Prayut Chan-o-cha had asked related agencies to monitor customer trends at the Bangkok International Motor Show, following the government’s rollout of measures to encourage the use of EVs.
Visitors to the auto show have shown a keen interest in EVs, due to the subsidy program offered by the government. Under the scheme, the purchase of an EV with a participating brand can receive a subsidy of 70,000 to 150,000 baht. The subsidy is being funded by the Excise Department, with a total campaign budget of 3 billion baht.
The department says it is open to discussing pricing structures with any of the auto brands.
Major EV brands at Bangkok International Motor Show that are participating in the subsidy scheme include Great Wall Motor and MG.
Other companies that have expressed their intention to join the scheme include European carmakers such as Mercedes-Benz and BMW, Japanese brands such as Toyota, Honda, Mitsubishi and Nissan, and Chinese companies like Foxconn and NETA Auto.
The Bangkok International Motor Show 2022 is currently taking place at IMPACT Muang Thong Thani exhibition center in Nonthaburi and will conclude on April 3. (NNT)
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