Domestic electric vehicle manufacturing and purchase incentives

The EV3.0 and EV3.5 schemes were introduced in 2022 and 2024 respectively to support Thailand EV industry. Both provide incentives to encourage domestic electric vehicle production and purchases as follows:

• Reduction in import duty for completely built-up (CBU) of battery EVs;
• Excise tax cut from 8 percent to 2 percent for imported EVs, 
• Consumer subsidies for the purchase of electric cars, electric pickup trucks, and electric motorcycles based on the vehicle types and battery capacities

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