Incredible news has graced us recently with the word out that Thailand will have 1.2 million electric cars on the roads by 2036!
Thailand is quietly but successfully becoming the forefront in electric vehicle (EV) production and technology in the ASEAN region. They have recently received investment from some of the biggest auto manufactures namely BMW, Nissan, and Toyota.
The Thai authorities are completely on board with this move toward environmentally friendly vehicles. This is shown in the waiving of tariffs for imported EVs, offering incentives for EV part manufacturing and assembly, as well as promoting the establishment of charging stations nationwide, as we have seen in one of our previous blog posts: EA to build charging stations.
The approved tax incentives will promote production of 3 types of EVs. These include hybrid electric vehicles, plug-in hybrid electric vehicles, and battery electric vehicles.
The goal for Thailand is to get 1.2 million EVs on its roads within the next two decades. To reach that goal, the government will implement the following measures:
- Charging stations to be installed this year
- Introduction of 20 public electric buses next month and 200 by the end of next year
- At least 5,000 imported EVs per year will receive full tax exemption, says the Kasikorn Research Centre (via the Bangkok Post)
Thailand board of investment
Click here, to view the original article written by prweb: Thailand Emerges As New Production Hub For Electric Vehicles