Thailand’s EV Revolution: Incentives and Infrastructure Drive Green Mobility

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The market for new energy electric vehicles and charging stations in Thailand is undergoing a profound transformation. The Thai government is actively promoting the green economic transformation and has implemented a series of measures to encourage the development of new energy vehicles, including tax cuts, subsidies, and preferential loans, aiming to reduce reliance on fossil fuels and lead the country towards sustainable development.

1. Provide a five-year corporate income tax exemption for enterprises installing EV charging stations, and small charging stations can enjoy a three-year tax benefit.

2. Offer purchase subsidies for electric vehicles, with amounts ranging from 70,000 to 150,000 Thai baht, while also reducing import duties and consumption taxes.

3. For electric commercial vehicles, such as electric trucks and electric buses, enterprises purchasing the vehicles can enjoy a tax reduction of 1.5 to 2 times the vehicle price.

The Thai government has set the "30·30" strategic goal, which is to have electric vehicles account for 30% of new vehicle sales by 2030. At the same time, it is promoting the construction of charging station networks, planning to build 2,460 charging stations by 2025 and 13,450 by 2030.

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References

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