Thailand Continues to Introduce Incentives to Strengthen Electric Vehicle Production Capabilities. (Photo: iStock)
To attract investment from electric vehicle (EV) related businesses, the Thai government has rolled out a series of incentives, prompting responses from major multinational companies. Among them, Japan’s Nissan plans to increase its production of hybrid vehicles in Thailand, while South Korea’s Hyundai has announced plans to expand its production lines for pure electric vehicles.
The Board of Investment (BOI) has recently introduced new tax reduction plans to encourage joint ventures in manufacturing automotive components, aiming to strengthen the EV industry chain.
