Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BANGKOK, July 31 (Xinhua) — The Thai government on Wednesday approved adjustments to the country's key incentive programs to encourage manufacturers to boost exports of battery electric vehicles (BEVs), a move aimed at bolstering the country's position as a regional EV manufacturing hub.
Manufacturers participating in the EV subsidy program, which started in 2022, are required to produce electric vehicles domestically as compensation for receiving subsidies and exemption from import duties.
Under the revised terms, one BEV produced for export will count as 1.5 vehicles under the local production quota, making it easier to meet production commitments.
“The changes will allow for greater flexibility and help Thailand, already a leader in the region’s auto industry, become a key base for electric vehicle production,” said Narit Terdsteerasukdee, secretary general of the Thai Board of Investment (BOI).
The adjustments to the program come as total investment in the country's EV supply chain as of June reached 137.7 billion baht (about US$4.21 billion), the BOI said in a statement.
The move is expected to boost Thailand's EV exports to around 12,500 units in 2025 and 52,000 units in 2026.
In the first half of 2025, the number of new BEV registrations increased by 52.4 percent year-on-year to reach 57,289 units, accounting for 15 percent of all new vehicle registrations in Thailand.
To date, the Thai government has provided subsidies totaling more than 12 billion baht (approximately $367.82 million) for 175,064 BEVs and 34,559 electric motorcycles under the EV 3.0 and 3.5 subsidy programs. –0–
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