The Thailand Board of Investment (BOI) has revised incentives and conditions for investments in electric vehicles (EV) production to enable smaller companies and startups accessibility to BOI benefits.
Adding to the 5-year corporate income tax exemption available to investments in charging stations with at least 40 chargers, 25% of which are DC type, the revised measures now allow smaller charging stations to be eligible for 3-year tax benefits.
Moreover, the revised measures abolish two requirements, namely, the condition barring investors from receiving additional benefits from other agencies, and the requirement for ISO certification.
Furthermore, charging station investors are now only required to adhere to the relevant safety regulations and submit either a plan to implement an EV Smart Charging System or to connect to an EV Charging Network Operator Platform which is to be developed as a central mechanism to enable efficient management for both operators and battery electric vehicle (BEV) users.
